Categories: F1 News, Reports and Race ResultsFerrari

'No money, no honey'

Ferrari team principal Maurizio Arrivabene has told Manor it will not wait on payments this year following the demise of Marussia.

Manor was present at the Australian Grand Prix but never made it on to the track at Melbourne as it was unable to prepare its cars to run in time. The former Marussia team only exited administration in late February, with Ferrari the main creditor following last year's financial problems.

Asked how satisfied he was with the deal agreed with Manor regarding the money owed, Arrivabene says Ferrari is dealing with Marussia and Manor as two separate companies but warned the latter it would not be allowed to fall behind on payments.

"We don’t have to mix up things," Arrivabene said. "Last year, we deal with one company, and we are still working to get back our money as everybody knows. Now we are dealing with a new company so it’s a completely different story.

"We are doing our job now to support them, also because they showed to us they stick to what is agreed into the contract and they are serious on the project. Otherwise, I said to Graeme [Lowdon] in a very simple way, and he remembers, I think: 'guys, we are more than open to help you, but no money, no honey.'"

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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.