News On F1 - Formula 1 News, Results, Information and Statistics

Formula 1 Store
F1 Tickets, Tours, Gear
F1 Books
& Biographies

'Two or three teams' in financial strife - Ecclestone

Formula 1 News - September, 2013

F1 Merchandise
Main Page
Formula 1 News
2016 F1 Schedule
2016 F1 Line-up
2015 F1 Results
F1 Teams
F1 Drivers
10 'n' Pole
Register - Submit
F1 Regulations
The Forums
Live F1 Coverage
Motorsport Shop
Motorsport Calendar
Tim's Blog

F1 Merchandise UK
F1 Merchandise USA

F1 Tours
F1 Tickets
F1 Diecast
F1 Videos
F1 Games
F1 Trivia
NewsOnF1 on Twitter
MotoGP Tickets
Past Formula 1 Seasons
2014 F1 Results
2013 F1 Results
2012 F1 Results
2011 F1 Results
2010 F1 Results
2009 F1 Results
2008 F1 Results
2007 F1 Results
2006 F1 Results
2005 F1 Results
2004 F1 Results
2003 F1 Results

2002 F1 Results

2001 F1 Results

2000 F1 Results

1999 F1 Results

1998 F1 Results

1997 F1 Results
Contact Us
Your Say
Diagnosis & Prognosis
By the Heretic
Controversy Corner
The Real Race
By the Quali-flyer
F1 Testing
F1 Team Reports
8 'n' Pole
2010 World Cup
2006 World Cup

Sep.23 (GMM) 'Two or three' teams are facing financial strife, F1 chief executive Bernie Ecclestone has admitted.

Told by veteran Swiss correspondent Roger Benoit that 'half the field' is struggling to survive amid the economic crisis and spiralling costs, Ecclestone answered: "That's not quite right.

"We are talking about two vulnerable teams at the moment," the 82-year-old told Blick newspaper.

"Perhaps there's a third with a question mark," added Ecclestone.

Asked, however, if he is confident the 'vulnerable' teams will be on the 2014 grid, the Briton insisted: "If you had asked me a year ago, the answer would be no.

"But now, suddenly, most of the teams find money somehow from somewhere. I don't know how they do that," added Ecclestone.

He would not name the 'vulnerable' teams, or even admit that the one at the top of the list is surely Sauber.

"We've known each other long enough that you know I have nothing to say!" Ecclestone told Benoit.

He ruled out intervening with personal loans, after admitting to the New York Times at the weekend that Sir Frank Williams regularly used to borrow money.

"I'm not allowed to do that anymore," said Ecclestone. "We have an agreement with the teams that it would be unfair to the others.

"They're the ones who wanted it (the agreement)!" he told Blick.

Ecclestone has, however, reached new financial deals with the big teams that give them more income than their smaller, struggling rivals.

Surely that's not fair?

"It's because the big teams have promised that they are staying until 2020 -- they've given us a bank guarantee," Ecclestone revealed.

"The distribution was always the same -- the only difference these days is that we distribute a lot more money," he told Germany's Auto Motor und Sport.

Meanwhile, Ecclestone insisted he is sleeping well despite the fact prosecutors in Munich are considering sending him to trial over bribery.

He rejects their main argument.

"First, I had no shares to sell, so I had no personal interest," said Ecclestone.

"My job was not in danger -- no matter who the shares were sold to, the FIA had to agree.

"But the FIA wanted to ensure that I still ran the business; because they're familiar with me and know how I work," he insisted.

comments powered by Disqus
If you are using Internet Explorer, make sure you set your document mode to IE 8 (Alt+8) or via F12 to see and add comments

10 'n' Pole Formula 1 Tipping Competition - Have fun and win - Register

Latest Formula 1 News Headlines
09 Aug: F1 should start 2021 engine planning now - officials Comments
09 Aug: F1's Brazilian duo face uncertain future Comments
08 Aug: Bottas has Renault 'offer' - source Comments
08 Aug: Only 'good offer' would restart F1 career - Buemi Comments
08 Aug: Rosberg lacks Hamilton's 'killer instinct' - Marko Comments
08 Aug: Only new rules can stop Mercedes - Alonso Comments
08 Aug: Newey 'fully motivated again' - Horner Comments
05 Aug: Ecclestone credits Verstappen for Heineken deal Comments
05 Aug: Montezemolo struggles to hold tongue over Ferrari Comments
05 Aug: Wehrlein defends performance against Haryanto Comments
04 Aug: Ecclestone to 'sell' F1 radio coms - report Comments
04 Aug: Sirotkin in running for Renault seat - father Comments
04 Aug: Hulkenberg hails McLaren-Honda progress Comments
04 Aug: Marko plays down Kvyat axe rumours Comments
04 Aug: Renault could turn blue for 2017 - reports Comments
03 Aug: Mercedes, McLaren in dispute over engineer Comments
03 Aug: Wolff urges Renault to sign Ocon Comments
03 Aug: Lauda to help Rosberg bounce back Comments
03 Aug: Father defends Magnussen's F1 commitment Comments
03 Aug: Marchionne 'not satisfied' but staying the course Comments

The latest Formula 1 News

Back to the main news page

Back To Top

F1 Tickets
Chinese F1 GP
Belgian F1 GP
Singapore F1 GP
Italian F1 GP
Abu Dhabi F1 GP
Few tickets still available
MotoGP Tickets
British MotoGP
Czech Republic MotoGP
San Marino MotoGP
Valencia MotoGP
more Motorsport Tours & Holidays

Official 2012 F1 Season Review

Autocourse 2012 Annual

F1 Merchandise US

F1 Merchandise UK

Formula 1 Yearbooks

Ayrton Senna

Past Formula 1 Drivers