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
Alex Rins explains Fabio Quartararo's edge on other...
No description available...
3h ago from Motorsport.com
Marc Marquez sets 'same lap time’ with 2024 and 2025...
No description available...
1d ago from Motorsport.com
Alex Marquez to receive factory-spec Ducati for 2026...
Alex Marquez is set to be rewarded for his 2025 MotoGP efforts and...
1d ago from MotorsportWeek.c...
Alex Marquez to ride identical Ducati to Marc Marquez...
No description available...
2d ago from Motorsport.com
Popular On IndyCarToday.com
Team Penske places David Malukas in the iconic #12...
Team Penske has announced that David Malukas will be joining the team and...
2d ago from MotorsportWeek.c...
Team Penske signs David Malukas in multiyear IndyCar...
No description available...
2d ago from Motorsport.com
Zak Brown addresses three areas IndyCar can improve
McLaren CEO Zak Brown penned an open letter on Monday outlining his...
4d ago from MotorsportWeek.c...
The good, bad, and ugly of IndyCar's 2026 schedule
No description available...
3d ago from Motorsport.com
Popular On TotalWRC.com
Oliver Solberg wants “full season in WRC” after...
No description available...
5d ago from Motorsport.com
Why Elfyn Evans claims "everything is open"...
No description available...
5d ago from Motorsport.com
Kalle Rovanpera: We need wins for WRC title chance...
No description available...
4d ago from Motorsport.com
WRC Rally Chile: Sebastien Ogier leads title race with...
No description available...
5d ago from Motorsport.com
Popular On GunnersToday.com
'Their interest remains active' – Sources claim...
Arsenal and Manchester United are among the clubs interested in a...
5h ago from CaughtOffside.com
Not just a goal machine: new model Haaland can deliver...
iker is getting better in a changing Manchester City team and in the sort...
31m ago from TheGuardian.com
Journalist confirms Arsenal 'in talks' with...
Arsenal are reportedly in talks over a new contract with William Saliba...
8h ago from CaughtOffside.com
South Africa cricketers Keshav Maharaj, Kagiso Rabada...
South Africa cricket stars Kagiso Rabada and Keshav Maharaj have made bold...
6h ago from SportsKeeda.com
Comments
Hottest News
F1 Qualifying Results: Oscar Piastri gets lucky as THREE...
McLaren F1 star Oscar Piastri got his lap time in... Read More »
2h ago from GPFans.com
Azerbaijan Grand Prix - Qualifying results
Full results from qualifying for the Azerbaijan... Read More »
51m ago from F1i.com
F1: Azerbaijan Grand Prix: Qualifying - Times
Times from today's qualifying session for the... Read More »
51m ago from Pitpass.com
