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
Toprak Razgatlioglu braced for tough rookie season in...
No description available...
11m ago from Motorsport.com
The full 2026 MotoGP grid: Riders, teams and...
No description available...
11m ago from Motorsport.com
The philosophy change that has turned Aprilia into a...
No description available...
21h ago from Motorsport.com
Diogo Moreira promoted to LCR Honda for 2026 MotoGP...
LCR Honda has officially announced three-time Moto2 race winner Diogo...
23h ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Rinus VeeKay signs with Juncos Hollinger Racing for...
Juncos Hollinger Racing has announced that it has signed Rinus VeeKay for...
19h ago from MotorsportWeek.c...
WATCH: Alex Palou talks F1 dream, perfecting his craft...
No description available...
16h ago from Motorsport.com
Mick Schumacher is “very open” to exploring an...
No description available...
20h ago from Motorsport.com
Mick Schumacher revived love of open wheel driving...
Mick Schumacher completed his first ever IndyCar test on Monday, turning...
1d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Hyundai Motorsport appoints Andrew Wheatley as WRC...
Hyundai Motorsport has strengthened its team with the appointment of...
23h ago from MotorsportWeek.c...
Hyundai hires former FIA rally boss in new WRC role
No description available...
1d ago from Motorsport.com
Hold on to your TV remotes – More than Machine 2 is...
After winning widespread praise from fans whilst also earning nominations...
1d ago from MotorsportWeek.c...
Popular On GunnersToday.com
Arsenal boys on the scoresheet as the Interlull ends
Morning. The Arsenal lads were among the goals yesterday as the October...
2h ago from Arseblog.com
'I don’t mean to compare' - Arsenal summer signing...
Arsenal defender Cristhian Mosquera has revealed that Max Dowman is...
1h ago from SportsKeeda.com
'He’s not necessarily that silky player, is he?' -...
Former Manchester United goalkeeper Ben Foster believes Arsenal striker...
13h ago from SportsKeeda.com
2 shots on target, 2 goals: Arsenal star sends message...
Arsenal midfielder Mikel Merino put in another superb performance for the...
12h ago from CaughtOffside.com
Comments
Hottest News
Why Mercedes won't repeat 2014-level F1 dominance in 2026
Williams boss James Vowles has moved to downplay... Read More »
51m ago from MotorsportWeek.com
Christian Horner 'in talks' with Ferrari to become Lewis...
Christian Horner has entered into talks to become... Read More »
3h ago from GPFans.com
F1: Russell sought to stoke war of words with Verstappen
New book reveals that George Russell... Read More »
51m ago from Pitpass.com
