MX23RW : Saturday, December 21 11:25:14| >> :600:631775:631775:

Report: Bernie Ecclestone agrees rescue deal for smaller teams

Force India, Sauber and Lotus all receive £6.5m to compete at the Australian Grand Prix.

Bernie Ecclestone has agreed to give Formula 1's three smallest teams an advance on this season's prize money to help them to race in Australia, according to reports.

Costs have never been higher in F1, and as a result both Caterham and Marussia folded in the close season, although Marussia could return under the name Manor F1.

The Daily Telegraph reports that Force India, Sauber and Lotus have also been struggling financially, and there was a chance that they wouldn't race in Australia in two weeks' time.

However, the report says that Ecclestone has handed them £6.5m each to help them race, ending the possibility of just 12 cars lining up on the grid in Melbourne.

The new season gets underway on March 15.

ID:208629: cacheID:208629:1false2false3false:QQ:: from db desktop :LenBod:restore:1015:
Written by
Charlie Bennett
Restore Data
Share this article now:
Sebastian Vettel of Germany and Infiniti Red Bull Racing leads the field on lap one of the Korean Formula One Grand Prix at Korea International Circuit on October 6, 2013
Read Next:
Renault looking for F1 return?
>
rhs 2.0


Sports Mole provides in-depth previews and predictions for every match from the biggest leagues and competitions in world football.
Argentina's Lionel Messi kisses the World Cup trophy after collecting the Golden Ball award on December 18, 2022Sign up for our FREE daily preview newsletter direct to your inbox!