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Force India requests early prize money payment
Force India has requested an advance on their championship payments due to an expected cash short-fall during the winter off-season. Currently, the ten Formula 1 teams receive a monthly payout from Formula 1 Management (FOM) between the months of February and November. The payment schedule creates a large deficit in cash flow between December and January for many of the midfield and back marker teams, with all outfits coming under additional pressure from external suppliers to settle outstanding balances. With Caterham folding at the end of the 2014 season, and Manor’s near exit under the previous guise of Marussia last year, supplier have become less lenient with...
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10y ago from GrandPrixTimes.com
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