News Details

Team to receive advance on prize money

It is understood that a number of teams are to be advanced their prize money in order to overcome cash-flow problems. Unsurprisingly, it is the three teams, Force India, Lotus and Sauber, who were most vocal about the chasm between the sport's haves and have-nots at the end of 2014. As Caterham and Marussia appeared to be in their death throes, the three teams warned they too were far from safe and amidst calls for changes to the sport including the allocation of prize money and limiting spending, there was talk (subsequently denied) of one of more teams boycotting events in protest. Now, with the season opener just two weeks away, at a meeting with Bernie Ecclestone last week, the F1...
Full Story »
9y ago from Pitpass.com 0
Share

You May Also Be Interested In...

Ecclestone to assist small teams with advance payment

Bernie Ecclestone has reportedly agreed to assist the financially...
9y ago from GrandPrixTimes.com

Cash-flow crisis puts teams at risk for Melbourne

Force India, Sauber and Lotus all ask Bernie Ecclestone for help ahead of...
9y ago from Motorsport.com

Ecclestone ends ‘cash flow crisis’ for small teams

Amid alarming claims multiple teams are gripped by a ‘cash flow...
9y ago from ThisIsF1.com

Force India Reports Bernie to Help Small Teams

The financial plight of the smaller teams may be eased throughout the...
9y ago from FormulaSpy.com

Elsewhere On The Network

Popular On MGPToday.com

Marc Marquez tops timesheets in first Thai MotoGP...

Marc Marquez topped the timesheets around the Buriram International...

Marc Marquez ‘ready' for 2025 MotoGP title fight...

Marc Marquez has expressed he feels "ready" to fight for the...
14h ago from MotorsportWeek.c...

Popular On IndyCarToday.com

Will Buxton: F1 drivers see IndyCar as ‘quite...

Will Buxton is IndyCar’s new lead TV presenter, moving over from...
16h ago from MotorsportWeek.c...

Dale Coyne announces askROI as full season sponsor

Dale Coyne Racing announced on Wednesday that AI-driven business askROI...

Zak Brown outlines investment that could maximize...

McLaren Racing CEO Zak Brown has released a public letter covering...

Team Penske quickest in final IndyCar test day

The NTT IndyCar Series held its second and final preseason open test day...

Popular On TotalWRC.com

WRC drivers follow F1 in statement to FIA president

World Rally Championship drivers have penned a strongly-worded statement...

Elfyn Evans wins Rally Sweden by a whisker

Super Sunday on Rally Sweden was just that! After 300km of hard racing,...

Elfyn Evans under pressure on Rally Sweden –...

Elfyn Evans and Scott Martin maintained their lead on Rally Sweden after...

Popular On GunnersToday.com

Arsenal CLOSE to new director, Ben White's England...

The harsh reality is that Arsenal haven’t really been in the title race...
43m ago from CaughtOffside.com

Premier League Team of the Week: Bruno Fernandes,...

Sports Mole selects its Premier League Team of the Week for gameweek 27,...
6h ago from SportsMole.co.uk

Comments

Hottest News

Recent News


2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.