News Details

Rivals blocked Liberty Media's loan to Force India

Force India's chief operating officer, Otmar Szafnauer has admitted that its request for a loan from Liberty Media was blocked earlier this year by their rivals. Force India were having some financial troubles earlier this year and needed any help they could get. "It's no secret we asked for a bit of money up front so that gets us through the winter," Szafnauer told Reuters. "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 financial strain on us over the winter. "If you have 10 million extra in November and December, then you can build the car parts. If you don't, you...
Full Story »
7y ago from GPBlog.com 0
Share

You May Also Be Interested In...

Rival teams 'blocked Liberty cash aid' to Force India

Force India's chief operating officer Otmar Szafnauer has revealed that...
7y ago from F1i.com

Rivals teams blocked Force India cash advances

It's well documented that in the old days, Bernie Ecclestone regularly...
7y ago from Pitpass.com

Liberty Media gives loan to Force India - report

Jun.14 Force India, the leading independent F1 team, is struggling for...
7y ago from OneStopStrategy.com

Spa signs new three-year extension with Liberty

Spa will continue to host the Belgian Grand Prix through to the end of...
7y ago from PlanetF1.com

Elsewhere On The Network

Popular On MGPToday.com

Why MotoGP hails 2025 season as a...

MotoGP promoter Dorna Sports has described the conclusion of the 2025...

Popular On IndyCarToday.com

Popular On TotalWRC.com

Gregoire Munster confirmed for WRC Monte Carlo in...

The season opener marks a return to the event where Munster claimed his...

Romet Jürgenson to compete in opening three WRC2...

The rising Estonian talent is joined by co-driver Siim Oja and start...

Popular On GunnersToday.com

Mikel Arteta insists he won't 'lie' to Arsenal players...

Arsenal manager Mikel Arteta has admitted he can't 'lie' to his players...
9h ago from CaughtOffside.com

“He’s taken my players too cheaply” - David...

Everton manager David Moyes has said that Arsenal counterpart Mikel Arteta...
8h ago from SportsKeeda.com

Improved performance needed for Everton away

Morning all. It's another late Saturday kick-off as we travel to Everton...
8h ago from Arseblog.com

“I shouldn’t be saying this” - Bukayo Saka...

Arsenal superstar Bukayo Saka has revealed that he was a huge fan on...
11h ago from SportsKeeda.com

Comments

Hottest News

F1: Mercedes and Red Bull power units under scrutiny

Barely has the current season ended than two... Read More »
1h ago from Pitpass.com

F1: Verstappen didn't agree with Lawson decision

Max Verstappen believes that Red Bull was wrong... Read More »
47m ago from Pitpass.com

Domenicali: Formula 1’s 2026 rules ‘will rip up the...

After one of the most dramatic finales Formula 1... Read More »
27m ago from F1i.com

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.