F1 News, Reports and Race Results

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 you can build the car parts. If you don’t, you can’t.

"It makes it more difficult. And I would imagine that’s one of the reasons why some of the other teams said no."

He explained how winter testing had been compromised by the lack of spare parts

"We couldn’t push the car, you couldn’t go off, you make sure you didn’t hit anything," he said. "But now we’re past the winter months it should be easier for us."

Having taken the pain early in the season, Szafnauer predicted that the team would be stronger for it moving forward.

“The nice thing is that the 10 million advance we used to always get, that used to come off at one million every month," he pointed out. "That’s not happening now, so we’re better off."

Recent reports in Germany's Auto Motor und Sport publication suggest that "five buyers" are lined up to take over the embattled team.

Force India has already played down claims that British sports drinks company Rich Energy had been in talks to buy into the team.

“I’m sure there was an approach, because we asked Vijay [Mallya, team principal]. But he keeps playing down the level that it’s at."

Mercedes are also said to be interested in acquiring a junior squad, along the lines that Red Bull have positioned Toro Rosso. Ferrari added a de facto junior team over the winter with Alfa Romeo's increased involvement at Sauber. Maranello also has strong ties with the American Haas team.

US race team Andretti Autosport is one of the parties rumoured to have had preliminary talks, as are the team's current title sponsors, Austrian water company BWT.

“I think they [BWT] have had discussions with Vijay too, but I don’t think that’s gone anywhere,” Szafnauer said.

He added that Mallya's decision to step down from Force India's board of directors - while remaining team principal - hadn't affected operations.

“From day to day, Vijay didn’t do anything anyway. That’s not a derogatory thing, it’s a factual thing,” he said. “Stepping down as a director I see as having zero impact on how we run the team."

Mallya is currently contesting a series of legal actions in India, and has said that he and the other major shareholders in the team are open to talks from prospective buyers.

"If somebody comes along with a serious offer, and puts cash on the table, we will jointly consider it," he said earlier this year.

Gallery: The beautiful wives and girlfriends of F1 drivers

Keep up to date with all the F1 news via Facebook and Twitter

Andrew Lewin

Andrew first became a fan of Formula 1 during the time when Michael Schumacher and Damon Hill were stepping into the limelight after the era of Alain Prost, Nigel Mansell and Aryton Senna. He's been addicted ever since, and has been writing about the sport now for nearly a quarter of a century for a number of online news sites. He's also written professionally about GP2 (now Formula 2), GP3, IndyCar, World Rally Championship, MotoGP and NASCAR. In his other professional life, Andrew is a freelance writer, social media consultant, web developer/programmer, and digital specialist in the fields of accessibility, usability, IA, online communities and public sector procurement. He worked for many years in magazine production at Bauer Media, and for over a decade he was part of the digital media team at the UK government's communications department. Born and raised in Essex, Andrew currently lives and works in south-west London.

Recent Posts

Alpine double-podium in Brazil could deliver $30 million windfall

Alpine’s remarkable double podium at the São Paulo Grand Prix with Esteban Ocon and Pierre…

14 hours ago

F1i's Driver Ratings for the 2024 São Paulo GP

Alexander Albon, Williams (Did Not Start): 5.5/10 Alex Albon is definitely going through something of…

16 hours ago

Jos Verstappen rips British media after Brazilian Max fest

Jos Verstappen wasted no time after his son spectacular win at the São Paulo Grand…

17 hours ago

Leclerc left with ‘mixed feelings’ after disappointing Sao Paulo GP

Charles Leclerc's weekend in Sao Paulo was unfortunately a stark contrast to Ferrari's recent triumphs…

19 hours ago

Back when Kimi knew exactly what he was doing

Twelve years ago on this day, Kimi Raikkonen took a popular win at the 2012…

21 hours ago

Mercedes fined for starting grid tyre pressure infringement

The Mercedes team was hit with a fine by the FIA after Sunday’s Sao Paulo…

21 hours ago