News Details
Force India report further losses
The Force India Formula One team have reported a £6.8M loss in their 2015 submission of accounts to Companies House. Whilst on the face of the loss appears significant the situation is a significant improvement compared to the teams position in 2014 in which a loss of £15.4M was reported. It should be noted that Formula One Management (FOM) prize funds are paid out based on Constructors Championship performance in the previous year, as such with Force India finishing a best ever 5th in the 2015 Constructors Championship they can expect a far healthy balance sheet in the 2016 submission of accounts. The team took the opportunity of their accounts submission to emphasis a dependency on...
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