News Details

Rival teams 'blocked Liberty cash aid' to Force India

Force India's chief operating officer Otmar Szafnauer has revealed that its request to Liberty Media for a loan against future prize money to see the team through a financial squeeze earlier this year was blocked by their rivals. "It's no secret we asked for a bit of money up front so that gets us through the winter," Szafnauer told Reuters while attending an event for the team’s digital partners Orange Bus. “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 a financial strain on us over the winter," he admitted. “If you have 10 million extra in November or December, then...
Full Story »
6y ago from F1i.com 0
Share

You May Also Be Interested In...

Force India forced to take away few positives from...

Force India expected a better result from the Canadian Grand Prix for...
6y ago from GPBlog.com

Force India through cash flow crisis as buyers loom

Force India’s slow start to the Formula 1 season can partly be blamed...
6y ago from GrandPrix247.com

Liberty Media gives loan to Force India - report

Jun.14 Force India, the leading independent F1 team, is struggling for...
6y ago from OneStopStrategy.com

Force India Both Disappointed and Encouraged by...

To come away from the Canadian Grand Prix with just two points for a...

Elsewhere On The Network

Popular On MGPToday.com

Popular On IndyCarToday.com

Scott McLaughlin looking to rebound after ‘lowest...

Scott McLaughlin is hopeful that he can quickly bounce back from his...
19h ago from MotorsportWeek.c...

Louis Foster gains new sponsor for rest of IndyCar...

Rahal Letterman Lanigan Racing rookie Louis Foster will sport a new look...

Santino Ferrucci issued post-race penalty but keeps...

The NTT IndyCar Series has issued a penalty to the #14 entry of Santino...

Popular On TotalWRC.com

Popular On GunnersToday.com

Man Utd & Arsenal on red alert after Benjamin...

Benjamin Sesko's career path seems set: a move to the Premier League is...
2h ago from CaughtOffside.com

Contact made: Aston Villa open club-to-club talks to...

Aston Villa are reportedly now in club-to-club talks with Real Betis over...
1h ago from CaughtOffside.com

From Spain: Arsenal considering bargain 23-year-old as...

Reports in Spain claim Arsenal have an interest in Sevilla's talented...
2h 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.