News Details
Ecclestone offers cash advance for smaller teams
Formula One 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...
Full Story »
Full Story »
10y ago from SuperSport.com
0
You May Also Be Interested In...
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
Ecclestone ends cash flow crisis for small teams
Amid alarming claims multiple teams are gripped by a 'cash flow crisis',...
10y ago from GrandPrix.com
Ecclestone responds to avert F1 teams cash flow crisis
Amid alarming claims that multiple Formula 1 teams are gripped by a cash...
10y ago from GrandPrix247.com
Elsewhere On The Network
Popular On MGPToday.com
Honda confirms Luca Marini to remain a factory rider...
Honda Racing Corporation has confirmed Luca Marini will remain as its...
2h ago from MotorsportWeek.c...
Luca Marini signs contract extension with Honda ahead...
No description available...
4h ago from Motorsport.com
MotoGP riders reveal first laps of new Balaton Park...
No description available...
3h ago from Motorsport.com
Johann Zarco extends LCR Honda stay through 2027...
Johann Zarco will be staying with LCR Honda after agreeing to a two-year...
3h ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Winners and Losers of the 2025 IndyCar Nashville...
No description available...
10h ago from Motorsport.com
Louis Foster secures 2025 IndyCar Rookie of the Year...
No description available...
12h ago from Motorsport.com
Penske’s Josef Newgarden wins wild 2025 IndyCar...
No description available...
14h ago from Motorsport.com
David Malukas released from hospital following IndyCar...
David Malukas has been released from the hospital after requiring medical...
13h ago from MotorsportWeek.c...
Popular On TotalWRC.com
Toyota’s Sebastien Ogier races to thrilling comeback...
No description available...
17h ago from Motorsport.com
WRC championship twist as Hyundai retires Adrien...
No description available...
13h ago from Motorsport.com
Sebastian Ogier and Vincent Landais win inaugural...
After dropping over half a minute on the opening day to winning Rally del...
17h ago from MotorsportWeek.c...
Sebastien Ogier: Paraguay victory fight “not over”...
No description available...
1d ago from Motorsport.com
Popular On GunnersToday.com
Report: Arsenal could make surprise sale on deadline...
Arsenal may yet spring another surprise on deadline day, with Leandro...
1h ago from FreshArsenal.com
Arsenal intended to be attacking at Liverpool but...
t;li>Visitors only had one shot on target at AnfieldWe had to adapt...
49m ago from TheGuardian.com
'He still lacks the level' - Luis Suarez makes claim...
Inter Miami striker Luis Suarez has claimed that striker Viktor Gyokeres...
1h ago from SportsKeeda.com
Exclusive: Arsenal expert on how 'sensational signing'...
Arsenal FC journalist Charles Watts has had his say on the seemingly...
1h ago from CaughtOffside.com
Comments
Hottest News
McLaren identify cause of painful Lando Norris retirement
McLaren has accepted fault for Lando Norris'... Read More »
3h ago from RacingNews365.com
FIA issue late penalty verdict for Lando Norris and Max...
The FIA have delivered a late penalty verdict for... Read More »
58m ago from GPFans.com
Toto Wolff admits Kimi Antonelli 'mistake' at Mercedes
Toto Wolff admitted to making a ‘mistake’... Read More »
2h ago from GPFans.com
