News Details
'Teams facing tough financial future'
Martin Whitmarsh estimates that seven of the 11 Formula One teams are in financial difficulties as advertising and sponsorship take a hit.
Last season Formula One lost HRT while already this year Marussia were forced to axe a driver in order to sell his seat to a paying driver.
"It's tough," Whitmarsh told the BBC.
"We're in the world of advertising and you only have to see how advertising is worldwide. The rate card is down.
"We have taken some measures but I think it's going to be tough for some."
The McLaren team boss added that several teams will struggle to "have a viable business model for a few years - there's no doubt about that."
The teams,...
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12y ago from PlanetF1.com
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