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 »
10y 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...
10y 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...
10y ago from Motorsport.com

Ecclestone ends ‘cash flow crisis’ for small teams

Amid alarming claims multiple teams are gripped by a ‘cash flow...
10y ago from ThisIsF1.com

Force India Reports Bernie to Help Small Teams

The financial plight of the smaller teams may be eased throughout the...
10y ago from FormulaSpy.com

Elsewhere On The Network

Popular On MGPToday.com

Popular On IndyCarToday.com

Kirkwood relieved to be rid of ‘street course...

Until this weekend at World Wide Technology Raceway, all of Kyle...
14h ago from MotorsportWeek.c...

Rasmussen passes most cars in Sunday night’s IndyCar...

Christian Rasmussen put on a show for fans Sunday night, passing more...
18h ago from MotorsportWeek.c...

IndyCar Gateway – Race Results

The NTT IndyCar Series made a trip to the St. Louis area for the first...

Popular On TotalWRC.com

Popular On GunnersToday.com

Report: Arsenal dealt further blow amid 'frustrations'...

Arsenal reportedly look to have been dealt a further blow in their...
23m ago from CaughtOffside.com

Lack of noise, no lack of action & two months is...

As much as I hate to be the bearer of bad news, Andrew actually isn't back...
33m ago from Arseblog.com

Report: Arsenal give firm response after Euro giants...

Arsenal reportedly received an enquiry recently from AC Milan over the...
1h ago from CaughtOffside.com

19-year-old star ready to join Liverpool despite...

Ajax star Jorrel Hato is open to a move to Premier League champions...
10h ago from SportsKeeda.com

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.