News Details
Ecclestone offers cash advance for smaller F1 teams
Formula 1 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 out that way. That's...
Full Story »
Full Story »
11y ago from GrandPrix247.com
0
You May Also Be Interested In...
Ecclestone offers cash advance for smaller teams
Formula One supremo Bernie Ecclestone has offered advance revenue...
11y ago from SuperSport.com
Ecclestone to assist small teams with advance payment
Bernie Ecclestone has reportedly agreed to assist the financially...
11y ago from GrandPrixTimes.com
Ecclestone responds to avert F1 teams cash flow crisis
Amid alarming claims that multiple Formula 1 teams are gripped by a cash...
11y ago from GrandPrix247.com
Force India Reports Bernie to Help Small Teams
The financial plight of the smaller teams may be eased throughout the...
11y ago from FormulaSpy.com
Elsewhere On The Network
Popular On MGPToday.com
Honda pinpoints potential ‘advantage' ahead of...
Honda technical director Romano Albesiano believes there is one specific...
1h ago from MotorsportWeek.c...
Toprak Razgatlioglu’s manager backs Pramac...
No description available...
3h ago from Motorsport.com
Toprak Razgatlioglu admits MotoGP adaptation...
Toprak Razgatlioglu has admitted that his adaptation to MotoGP feels...
1d ago from MotorsportWeek.c...
2027 MotoGP bikes may not be slower at half the...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Conor Daly snags Indy 500 ride with Dreyer and Reinbold
Dreyer and Reinbold Racing has announced that Conor Daly will drive for...
21h ago from MotorsportWeek.c...
Conor Daly set for Indy 500 run with Dreyer & Reinbold...
No description available...
21h ago from Motorsport.com
Winners and losers from an action-packed IndyCar race...
No description available...
1d ago from Motorsport.com
IndyCar reveals track design for Washington D.C. event
IndyCar has revealed the track design for the newly-added event in...
2d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Why Safari Rally Kenya will be more of a lottery than...
No description available...
2h ago from Motorsport.com
Hankook introduces new WRC tyre at Safari Rally Kenya
No description available...
21h ago from Motorsport.com
Toyota tips Hyundai to fight back in WRC 2026
No description available...
1d ago from Motorsport.com
Hyundai's WRC upgrade plan to close the gap to Toyota
No description available...
2d ago from Motorsport.com
Popular On GunnersToday.com
Arsenal hold initial talks with 60 million defender on...
Arsenal have reportedly taken early steps toward a potential move for RB...
53m ago from CaughtOffside.com
Report: Liverpool alerted as Premier League star made...
Liverpool are reportedly one of the clubs to have been alerted to the...
43m ago from CaughtOffside.com
Winless in six games - what went wrong for PL clubs in...
English clubs were riding high in Europe heading into this week's last-16...
33m ago from SkySports.com
‘You never know' – Arsenal attacking...
Arsenal have been linked with a move for Atletico Madrid striker Julian...
1h ago from CaughtOffside.com
Comments
Hottest News
Fred Vasseur claims 'Ferrari would have won F1 title' if...
Ferrari team principal Fred Vasseur has pointed... Read More »
3h ago from GPFans.com
Aston Martin gets testy over Honda battery questions in...
As Aston Martin and its engine partner Honda sat... Read More »
2h ago from F1i.com
F1 2026: Ferrari congratulated after Adrian Newey...
Amid Aston Martin's early 2026 struggles, F1... Read More »
3h ago from GPFans.com
