News Details
Ecclestone offers cash advance for smaller F1 teams
Formula 1 supremo Bernie Ecclestone has offered advance revenue payments to Sauber, Force India and Lotus to help with cash-flow problems ahead of the new season starting in Australia next week. 'Bernie understands we've had these challenges over the winter because the (team) suppliers got so badly hurt by the Marussia and Caterham issues,' Force India deputy principal Bob Fernley told Reuters on Monday. 'Whereas we've always been able to work with them and smooth it out over the period of the start of the winter, they simply can't. Whereas we used to get 30 days credit, now we need 30 days in advance. 'He (Ecclestone) suggested that we take an advance and smooth it out that way. That's...
Full Story »
Full Story »
11y ago from GrandPrix247.com
0
You May Also Be Interested In...
Ecclestone offers cash advance for smaller teams
Formula One supremo Bernie Ecclestone has offered advance revenue...
11y ago from SuperSport.com
Ecclestone to assist small teams with advance payment
Bernie Ecclestone has reportedly agreed to assist the financially...
11y ago from GrandPrixTimes.com
Ecclestone responds to avert F1 teams cash flow crisis
Amid alarming claims that multiple Formula 1 teams are gripped by a cash...
11y ago from GrandPrix247.com
Force India Reports Bernie to Help Small Teams
The financial plight of the smaller teams may be eased throughout the...
11y ago from FormulaSpy.com
Elsewhere On The Network
Popular On MGPToday.com
Francesco Bagnaia: MotoGP should hold a test before...
Francesco Bagnaia has called on MotoGP to hold a test before racing at a...
51m ago from MotorsportWeek.c...
The task Gigi Dall'Igna faces to revive Ducati’s...
No description available...
1h ago from Motorsport.com
Honda plans to field six bikes in MotoGP next year
No description available...
3h ago from Motorsport.com
Marco Bezzecchi ‘wasn’t expecting’ Aprilia COTA...
Marco Bezzecchi admitted he “wasn’t expecting” a record-breaking...
22h ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Christian Lundgaard left frustrated by costly pit stop...
Christian Lundgaard finished second in Sunday’s IndyCar race from...
1d ago from MotorsportWeek.c...
Pato O’Ward left searching for answers after...
No description available...
20h ago from Motorsport.com
Mick Schumacher: “I thought I was ready — but I...
No description available...
1d ago from Motorsport.com
David Malukas “learned a lot” with tire strategy...
No description available...
21h ago from Motorsport.com
Popular On TotalWRC.com
Former FIA vice president and WRC boss Morrie Chandler...
No description available...
1d ago from Motorsport.com
Subaru teases new rally car for Japanese Championship
No description available...
5d ago from Motorsport.com
How Toyota’s new flying Finn is starting to make WRC...
No description available...
4d ago from Motorsport.com
Takamoto Katsuta backs Kalle Rovanpera to “come back...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
'I'm thinking about…' – Man United,...
Nottingham Forest central midfielder Elliot Anderson insists he's only...
6h ago from CaughtOffside.com
Havertz on the scoresheet : Tuchel speaks well again
Morning. It's still all about the injuries and the Interlull this morning....
7h ago from Arseblog.com
Arsenal could leapfrog Man United for Elliot Anderson...
Manchester United’s top summer transfer target, Elliot Anderson, has...
15h ago from CaughtOffside.com
Arsenal make first move for 17-goal star but Tottenham...
German striker Nicolo Tresoldi is a target for Arsenal and Tottenham ahead...
15h ago from CaughtOffside.com
Comments
Hottest News
Fernando Alonso baffled by Aston Martin Honda U-turn
Fernando Alonso was left baffled by his Aston... Read More »
4h ago from GPFans.com
Computer says no as F1 star George Russell ruined by...
The blame for George Russell's Japanese Grand... Read More »
1h ago from GPFans.com
Wolff in ‘two minds' about Horner's F1 return
Mar.31 Toto Wolff says Christian Horner's... Read More »
2h ago from OneStopStrategy.com
