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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...
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3mo ago from GPUpdate.net 0
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