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
MotoGP to return to Buenos Aires from 2027 season
MotoGP has officially announced that the Grand Prix of Argentina will...
8h ago from MotorsportWeek.c...
Winners and losers from MotoGP's Czech Grand Prix
No description available...
14h ago from Motorsport.com
Luca Marini gets new Honda MotoGP deal for 2026
No description available...
16h ago from Motorsport.com
Marc Marquez likens his 2025 MotoGP form to 2019 and...
Marc Marquez has likened his 2025 MotoGP form to the peak performances...
16h ago from MotorsportWeek.c...
Popular On IndyCarToday.com
O’Ward explains the multiple steps that came...
Pato O’Ward won Sunday’s IndyCar race from the streets of Toronto,...
7h ago from MotorsportWeek.c...
Kyffin Simpson’s confidence ‘very high right...
When Kyffin Simpson crossed the finish line in Sunday’s Honda Indy...
10h ago from MotorsportWeek.c...
The Winners and Losers of IndyCar’s 2025 Indy Toronto
No description available...
17h ago from Motorsport.com
IndyCar Toronto – Race Results
IndyCar completed its sole visit across the border this weekend, with a...
1d ago from MotorsportWeek.c...
Popular On TotalWRC.com
How WRC rivals reacted to Oliver Solberg's first...
No description available...
19h ago from Motorsport.com
How the WRC service park reacted to Oliver Solberg's...
No description available...
1d ago from Motorsport.com
Oliver Solberg stuns with maiden WRC victory in Estonia
Oliver Solberg and Elliot Edmondson stunned the WRC elite with a...
1d ago from MotorsportWeek.c...
Oliver Solberg: WRC Rally Estonia win "biggest...
No description available...
1d ago from Motorsport.com
Popular On GunnersToday.com
Report: New Arsenal signing waiting in London and set...
Arsenal are on the verge of announcing the signing of Spanish centre-back...
5h ago from FreshArsenal.com
“I’m bored, give me a f**king ball man” -...
Pierre-Emerick Aubameyang has taken to Instagram as he gears up for a...
12h ago from SportsKeeda.com
Mosquera deal edges near as Arsenal still chase striker
The summer transfer window is in full flow and we are now nigh on a full...
13h ago from FreshArsenal.com
Arsenal forced to reschedule first pre-season training...
Premier League giants Arsenal have been forced to reschedule their first...
14h ago from SportsKeeda.com
Comments
Hottest News
From Red Bull to Audi: Wheatley says Miami moment triggered...
Jonathan Wheatley, the former long-serving... Read More »
11h ago from F1i.com
Lewis Hamilton relationship BANNED by Ferrari boss
Ferrari team principal Fred Vasseur has banned F1... Read More »
7h ago from GPFans.com
Lewis Hamilton's 12-year relationship prompts frank love...
Lewis Hamilton's 12-year relationship with his... Read More »
4h ago from GPFans.com
