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 »
10y 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...
10y ago from SuperSport.com
Ecclestone to assist small teams with advance payment
Bernie Ecclestone has reportedly agreed to assist the financially...
10y 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...
10y ago from GrandPrix247.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
FBI seizes $40m collection, including MotoGP bikes,...
No description available...
14h ago from Motorsport.com
Brad Binder reveals why he is optimistic he can bounce...
Factory KTM rider Brad Binder has admitted that his 2025 MotoGP season...
11h ago from MotorsportWeek.c...
Jorge Martin never thought ‘Why is this happening to...
No description available...
16h ago from Motorsport.com
Enea Bastianini ‘can’t explain’ KTM tyre...
Enea Bastianini admitted he “can’t explain why” he struggled to...
1d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Exclusive: Nolan Siegel on hot seat entering contract...
No description available...
9h ago from Motorsport.com
Top five memorable drives of the 2025 IndyCar season
No description available...
1d ago from Motorsport.com
Race start times for 2026 IndyCar season announced
The NTT IndyCar Series has announced the race broadcast start times for...
1w ago from MotorsportWeek.c...
Popular On TotalWRC.com
Dakar 2026: Full route, schedule and marathon stage...
No description available...
3d ago from Motorsport.com
Why Hyundai expects to be stronger in WRC 2026
No description available...
6d ago from Motorsport.com
Red Bull co-owner Mark Mateschitz to enter Dakar...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Arsenal 4-1 Aston Villa: Premier League – as it...
enal swatted third-placed Villa aside with a swashbuckling second-half...
2h ago from TheGuardian.com
Arsenal deliver statement win and bury the Emery bogey...
fluent football of autumn returned against an Aston Villa team who have...
2h ago from TheGuardian.com
'Got cleaned out by a ghost', 'Not an upgrade' -...
Arsenal fans are unhappy with Piero Hincapié's performance in their...
2h ago from SportsKeeda.com
Arteta hails Arsenal for ‘smelling blood’ in...
t;li>Head coach praises ‘ruthless’ side after 4-1 victoryArsenal...
2h ago from TheGuardian.com
Comments
Hottest News
Christian Horner 'offering' £665million for F1 team...
Ex-Red Bull F1 team principal Christian Horner... Read More »
8h ago from GPFans.com
The Ferrari dinner that may have just ended Lewis...
Let's get to the point, Lewis Hamilton's first... Read More »
14h ago from GPFans.com
F1 fans convinced this driver has just left his team -...
Axed F1 star Jack Doohan's recent cryptic... Read More »
4h ago from GPFans.com
