F1 News, Reports and Race Results

Force India early prize payout 'blocked by Haas'

Force India's hopes of receiving an early cash boost from the division of 2016's championship prize money have reportedly been dashed after an intervention from one of their Formula One rivals.

Teams normally receive the prize money that they accrued from the previous season in May, but Force India are believed to have made a request to commercial rights holder Bernie Ecclestone to receive their share of the money early.

That can only happen if all the other teams agree to the release of funds ahead of time. And according to Germany's Auto Bild publication, unanimous agreement has not been possible in this case.

The newspaper reported that Force India was turned down "because Haas voted against it."

"Auto Bild has learned that Haas refused to give approval for the advanced payment, although all the other teams gave the green light," the report added.

Force India has previously struggled with cash flow problems, but not to the degree of Manor Racing which went into administration earlier this month.

Manor had also been relying on a share of the prize money to give it the cash needed to continue racing in 2017, but the teams' hopes were dashed when they were knocked out of 10th place in the constructors championships by Felipe Nasr finishing in tenth place for Sauber in the final race of last season.

"It was imperative that the team finish in 10th place or better in 2016," Manor owner Stephen Fitzpatrick explained. "The dramatic race in Brazil ended our hopes of this result and ultimately brought into doubt the team's ability to race in 2017."

Finishing outside the top ten is said to have cost Manor around £11 million in prize money. Force India, finishing in fourth place in last year's championship, will receive a considerably greater pay-out when the purse is eventually distributed among the teams.

GALLERY: F1 drivers' wives and girlfriends

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

Audi progress not to be judged until ‘the end of the year’ - McNish

Audi’s 2026 Formula 1 project is already under the microscope, but racing director Allan McNish…

41 minutes ago

Verstappen set for second row start at Nürburgring 24 Hours

Max Verstappen will launch his long-awaited Nürburgring 24 Hours debut from the second row of…

16 hours ago

Cadillac's Towriss rejects backmarker label: ‘You don’t know much about F1'

Cadillac F1’s arrival on the grid in 2026 has been anything but quiet, and according…

17 hours ago

Alpine adds former FIA aero chief to F1 technical structure

Alpine has strengthened its growing 2026 Formula 1 project by officially welcoming former FIA head…

19 hours ago

When a Williams found its way on to the grid of the Indy 500

The 65th running of the Indy 500 held back in 1981 saw an interesting and…

20 hours ago

Ralf Schumacher: Life in F1 as Michael’s brother often 'unpleasant'

Ralf Schumacher has opened up about the emotional strain he experienced during his F1 career,…

21 hours ago