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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...
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10y ago from SuperSport.com
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