News Details

Rivals blocked Liberty Media's loan to Force India

Force India's chief operating officer, Otmar Szafnauer has admitted that its request for a loan from Liberty Media was blocked earlier this year by their rivals. Force India were having some financial troubles earlier this year and needed any help they could get. "It's no secret we asked for a bit of money up front so that gets us through the winter," Szafnauer told Reuters. "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 financial strain on us over the winter. "If you have 10 million extra in November and December, then you can build the car parts. If you don't, you...
Full Story »
5y ago from GPBlog.com 0
Share

You May Also Be Interested In...

Rival teams 'blocked Liberty cash aid' to Force India

Force India's chief operating officer Otmar Szafnauer has revealed that...
5y ago from F1i.com

Rivals teams blocked Force India cash advances

It's well documented that in the old days, Bernie Ecclestone regularly...
5y ago from Pitpass.com

Liberty Media gives loan to Force India - report

Jun.14 Force India, the leading independent F1 team, is struggling for...
5y ago from OneStopStrategy.com

Spa signs new three-year extension with Liberty

Spa will continue to host the Belgian Grand Prix through to the end of...
5y ago from PlanetF1.com

Elsewhere On The Network

Popular On MGPToday.com

Acosta: 2024 MotoGP title ‘not the priority' in...

MotoGP rookie Pedro Acosta has outlined that fighting for the 2024 title...
17h ago from MotorsportWeek.c...

Popular On IndyCarToday.com

IndyCar's new Aeroscreen makes early debut at Long...

The NTT IndyCar Series will have teams fit a new version of the Aeroscreen...

Popular On TotalWRC.com

Popular On GunnersToday.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.