News Details

Rival teams 'blocked Liberty cash aid' to Force India

Force India's chief operating officer Otmar Szafnauer has revealed that its request to Liberty Media for a loan against future prize money to see the team through a financial squeeze earlier this year was blocked by their rivals. "It's no secret we asked for a bit of money up front so that gets us through the winter," Szafnauer told Reuters while attending an event for the team’s digital partners Orange Bus. “This year that money wasn’t forthcoming because I think some of the teams said ‘You can’t do that’, and blocked it. "[It] put a bit of a financial strain on us over the winter," he admitted. “If you have 10 million extra in November or December, then...
Full Story »
6y ago from F1i.com 0
Share

You May Also Be Interested In...

Force India forced to take away few positives from...

Force India expected a better result from the Canadian Grand Prix for...
6y ago from GPBlog.com

Force India through cash flow crisis as buyers loom

Force India’s slow start to the Formula 1 season can partly be blamed...
6y ago from GrandPrix247.com

Liberty Media gives loan to Force India - report

Jun.14 Force India, the leading independent F1 team, is struggling for...
6y ago from OneStopStrategy.com

Force India Both Disappointed and Encouraged by...

To come away from the Canadian Grand Prix with just two points for a...

Elsewhere On The Network

Popular On MGPToday.com

Popular On IndyCarToday.com

Penske purchases Grand Prix Association of Long Beach

Penske Entertainment announced Thursday that it has acquired the Grand...

AJ Foyt technical director Michael Cannon leaves team

Michael Cannon, AJ Foyt Racing’s revered engineer and technical...

Popular On TotalWRC.com

Popular On GunnersToday.com

Liverpool dealt blow as West Ham make £85m decision...

West Ham will not accept any cut-price offers for winger Mohammed Kudus...
55m ago from CaughtOffside.com

Exclusive: 24-year-old could leave Arsenal in January...

Jakub Kiwior could be set for a change of scenery in January as Arsenal...
15m ago from CaughtOffside.com

Comments

Hottest News

Recent News


2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.