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 »
11y ago from SuperSport.com 0
Share

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

Popular On IndyCarToday.com

Takuma Sato makes Indy 500 return with RLL

Rahal Letterman Lanigan Racing has announced that Takuma Sato will drive...

Helio Castroneves confirms return for 26th...

Helio Castroneves has confirmed that he will take part in the upcoming...

Popular On TotalWRC.com

WRC Rally Scotland brings top tier rallying back to...

The 2027 WRC calendar should have an exciting new event on the calendar:...

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

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.