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
Marc Marquez admits he ‘needs to work on mistakes’...
Marc Marquez admits he and younger brother Alex Marquez "were the...
19h ago from MotorsportWeek.c...
The Aprilia and Jorge Martin saga: What’s next?
No description available...
19h ago from Motorsport.com
Jorge Martin confirms desire to leave Aprilia for...
No description available...
23h ago from Motorsport.com
Jorge Martin confirms intention to leave Aprilia at...
Reigning World Champion Jorge Martin has released a statement confirming...
22h ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Veteran engineer Michael Cannon returns to Dale Coyne...
Dale Coyne Racing has announced that it has re-hired expert engineer...
1d ago from MotorsportWeek.c...
Three drivers lose Indy 500 finishing positions after...
The NTT IndyCar Series has penalized three drivers following the...
3d ago from MotorsportWeek.c...
Andretti Global, Prema Racing issued suspensions and...
No description available...
3d ago from Motorsport.com
Exclusive: Alex Palou “woke up at 3am and couldn't...
No description available...
2d ago from Motorsport.com
Popular On TotalWRC.com
Co-driver dies after crash during Jim Clark rally in...
Roberts, 39, was pronounced dead at the scene near Duns in the Scottish...
5d ago from TheGuardian.com
Rally Portugal criticism causes WRC, FIA to address...
No description available...
1w ago from Motorsport.com
WRC signs new deal to race in Portugal until at least...
No description available...
1w ago from Motorsport.com
WRC Portugal: Sebastien Ogier claims record-extending...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Collymore's column: 9/10 season for Chelsea, Thierry...
In his exclusive column for CaughtOffside, former England striker Stan...
1h ago from CaughtOffside.com
Man Utd were confident of beating Chelsea to Delap...
Senior figures at Manchester United were reportedly confident they would...
1h ago from CaughtOffside.com
Gabriel new deal + Is Sesko the one?
Morning. Let's start this Friday with some good news, and that's Gabriel...
2h ago from Arseblog.com
“It’s going to be vital who he adds to that...
Arsenal legend Ian Wright believes the Gunners need to sign three players...
2h ago from SportsKeeda.com
Comments
Hottest News
Adrian Newey reveals hard truth over Lewis Hamilton...
Adrian Newey has discussed the opportunity to... Read More »
1h ago from GPFans.com
Verstappen exit clause with Red Bull set to vanish after...
Max Verstappen’s much-speculated exit clause... Read More »
1h ago from F1i.com
Formula 1 Business News: PepsiCo, DirtFish & other stories
The biggest Formula 1 deal of the week past has... Read More »
1h ago from GrandPrix247.com
