Force India requests advance FOM payment

Force India requests advance FOM payment
By AutoSport

16/11/2016 at 16:31Updated

Force India has made a request to Formula 1 boss Bernie Ecclestone for an advance on its championship payments for next year, Autosport understands.

The Silverstone-based team made a similar request around this time last year, along with Manor and Sauber, and it was accepted.

It will require unanimous consent from the other teams before Ecclestone can facilitate the advance.

Teams receive payments from Formula One Management on a monthly basis based on their historic status and constructors' championship position from the previous season.

These are paid from February through to November, potentially leaving a cash shortfall for December and January when key production takes place.

With the regulations being overhauled for next season, requiring teams to build completely new cars, pressure on finances is higher this winter.

It is believed Force India's request has nothing to do with budget, which is understood to be in place for next season, but rather to ease cashflow during the next couple of months.

The Silverstone-based team is set to finish fourth in the constructors' championship for the first time in its Force India era this year, one place better than last year, as it holds a 27-point lead over Williams with just 43 points available.

Based on the last set of team payments, Force India's one-place improvement will bank it around an extra $3million.