News Details
Ecclestone offers cash advance for smaller teams
Formula One 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...
Full Story »
Full Story »
11y ago from SuperSport.com
0
You May Also Be Interested In...
Cash-flow crisis puts teams at risk for Melbourne
Force India, Sauber and Lotus all ask Bernie Ecclestone for help ahead of...
11y ago from Motorsport.com
Ecclestone ends ‘cash flow crisis’ for small teams
Amid alarming claims multiple teams are gripped by a ‘cash flow...
11y ago from ThisIsF1.com
Ecclestone ends cash flow crisis for small teams
Amid alarming claims multiple teams are gripped by a 'cash flow crisis',...
11y ago from GrandPrix.com
Ecclestone responds to avert F1 teams cash flow crisis
Amid alarming claims that multiple Formula 1 teams are gripped by a cash...
11y ago from GrandPrix247.com
Elsewhere On The Network
Popular On MGPToday.com
Everything we know about Goiania Circuit –...
No description available...
15h ago from Motorsport.com
Heavy rain and flooding hits Autodromo Ayrton Senna...
No description available...
23h ago from Motorsport.com
Marc Marquez: 'Speeds will be lower with 850cc bikes,...
No description available...
1d ago from Motorsport.com
The key challenges MotoGP teams will face in the 2027...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Takuma Sato set for Indy 500 return with Rahal...
No description available...
1d ago from Motorsport.com
Takuma Sato makes Indy 500 return with RLL
Rahal Letterman Lanigan Racing has announced that Takuma Sato will drive...
1d ago from MotorsportWeek.c...
Helio Castroneves confirms return for 26th...
Helio Castroneves has confirmed that he will take part in the upcoming...
1d ago from MotorsportWeek.c...
Helio Castroneves to attempt 2026 Indianapolis 500...
No description available...
1d ago from Motorsport.com
Popular On TotalWRC.com
WRC working to secure future of Safari Rally Kenya...
No description available...
20h ago from Motorsport.com
WRC Rally Scotland brings top tier rallying back to...
The 2027 WRC calendar should have an exciting new event on the calendar:...
2d ago from MotorsportWeek.c...
WRC to return to GB in 2027 as Scotland secures...
No description available...
2d ago from Motorsport.com
WRC Safari Rally Kenya: Elfyn Evans retires as drivers...
No description available...
4d ago from Motorsport.com
Popular On GunnersToday.com
Champions League round-up + quarter-final dates/times...
Morning all. In a season of high stress and no little anxiety, maybe...
1h ago from Arseblog.com
Premier League officials appear to confirm Arsenal...
Premier League officials have admitted that Arsenal benefited from two key...
10h ago from SportsKeeda.com
Arsenal plot £69m move for 10-goal ace to replace...
Arsenal are interested in signing the AC Milan attacker Raphael Leao at...
12h ago from CaughtOffside.com
Arsenal, Chelsea, and Newcastle eye 70m move for...
Newcastle United, Arsenal, and Chelsea are all keeping tabs on Christian...
13h ago from CaughtOffside.com
Comments
Hottest News
Verstappen drove ‘at half throttle' amid Red Bull...
Mar.19 Max Verstappen's difficult start to the... Read More »
2h ago from OneStopStrategy.com
Lando Norris accused of 'harsh criticism' over F1 crash fear
It was an eye-opening remark that drew plenty of... Read More »
1h ago from RacingNews365.com
Fred Vasseur not convinced new Formula 1 engine compression...
The Formula 1 grid was blindsided by Mercedes'... Read More »
2h ago from GrandPrix247.com
