F1 top news

Haas deal allows early 2017 F1 payment for Force India

A deal has been struck whereby Force India will get an advance on its official F1 prize money early in 2017.

That is the news from Auto Motor und Sport, having earlier reported that the American team Haas vetoed the move to help its fellow small team.

But correspondent Michael Schmidt reports that the impasse has now ended, after the FIA agreed to repay early the $20 million ‘new team’ deposit lodged by Haas when it entered F1.

Normally, a new team must complete its second year in F1 before getting the deposit back.

Facebook Comments
Loading...
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

ThisisF1.com is not affiliated with Formula 1, Formula One Management, Formula One Administration, Formula One Licensing BV or any other subsidiary associated with the official Formula One governing organizations The website is an unofficial website, all names and logos used here are property of their respective owners, more specially FORMULA 1, FORMULA ONE, F1, GRAND PRIX and logos and the wide Curves logo are trademarks of Formula One Licensing BV, a Formula One Group Company. Use or depiction of images or trademarks throughout this website is for illustrative and editorial purposes only. Official Formula One information can be found at www.formula1.com

Copyright © 2015 Thisisf1.com

To Top