News Details

Fernandes worried about F1's financial situation

– Caterham Formula 1 team owner Tony Fernandes has said Formula 1 is currently in a cost crisis. According to the Malaysian business man the sport might look like the most glamorous sport on the planet but behind the scenes the teams have to work hard to pay the bills. “I don't just think there is one. There is one,” Caterham F1 team owner Tony Fernandes told Reuters. “You hear about people not having been paid, suppliers taking a long time to be paid. These are certainly not happy days," added the Malaysian, whose team finished last in 2013 and has yet to score a point in four years of trying. “At the end of the day there may be only five Formula One teams if it carries...
Full Story »
10y ago from GPUpdate.net 0
Share

You May Also Be Interested In...

F1 forced to cut spending

Glamorous, high-tech and hugely profitable: With the lure of races from...
10y ago from SuperSport.com

Montezemolo: After Bernie it's necessary for different...

Montezemolo: After Bernie it's necessary for different governance of the...
10y ago from GrandPrix247.com

Di Montezemolo calls F1 teams for summit

– Ferrari President Luca di Montezemolo has called teams to a...
10y ago from GPUpdate.net

Ferrari willing to help 12th team from USA get into...

Ferrari willing to help 12th team from USA get into Formula 1 20...
10y ago from GrandPrix247.com

Elsewhere On The Network

Popular On MGPToday.com

F1 owner Liberty Media set to finalise purchase of...

Formula 1 owner Liberty Media are in talks to buy Madrid-based company...

Popular On IndyCarToday.com

Rosenqvist: Confidence within MSR growing with every...

Felix Rosenqvist has started off his time with Meyer Shank Racing on a...

Popular On TotalWRC.com

Popular On GunnersToday.com

Arsenal and Manchester United keen on French defensive...

Arsenal and Manchester United are always on the lookout for prospects who...
48m ago from CaughtOffside.com

Green Gooners: Rice, Jesus and Jorginho take on top...

Declan Rice, Gabriel Jesus and Jorginho take part in a Top Bins Challenge...
1h ago from SkySports.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.