News Details
Force India losses increased in 2016 despite bigger income
The Force India F1 team earned increased income in 2016 but made a bigger loss than in the previous year – mainly because of currency issues. Newly-issued accounts for the 2016 calendar year show that the Silverstone team generated income of £77.1m, up from £64.2m in 2015. However, the losses increased from £6.8m to £11.6m. The team says that the key element of the change was due to “an increase of £5.7m charged to the accounts due as a result of currency fluctuations to both EUR and USD related suppliers/creditors during the year and balances outstanding at the end of the year.” The accounts also reveal that the team received a payment of $15m from Diageo, owners of Johnny...
Full Story »
Full Story »
8y ago from Motorsport.com
0
You May Also Be Interested In...
2018 calendar set for last-minute change
The race calendar for the 2018 season is set to be tweaked as the FIA...
8y ago from PlanetF1.com
Tech insight: Force India's 'sawfish' element
– Force India has added a unique 'sawfish' element to its shark fin...
8y ago from GPUpdate.net
Analysis: How F1 got its social media game together
This summer, Formula 1 set new heights in social media reach. Kate Walker...
8y ago from Motorsport.com
Video: Verstappen wants a change of fortune
After a '200 metre' Singapore Grand Prix, Max Verstappen is hoping for a...
8y ago from PlanetF1.com
Elsewhere On The Network
Popular On MGPToday.com
Why MotoGP hails 2025 season as a...
MotoGP promoter Dorna Sports has described the conclusion of the 2025...
1d ago from MotorsportWeek.c...
Honda wouldn’t even be in top 10 without mid-year...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Race start times for 2026 IndyCar season announced
The NTT IndyCar Series has announced the race broadcast start times for...
7h ago from MotorsportWeek.c...
Broadcast schedule for 2026 Indy NXT season announced...
No description available...
1d ago from Motorsport.com
FOX Sports, IndyCar reveal broadcast schedule for 2026...
No description available...
2d ago from Motorsport.com
Chip Ganassi Racing completes four-car roster for 2026...
No description available...
3d ago from Motorsport.com
Popular On TotalWRC.com
Gregoire Munster confirmed for WRC Monte Carlo in...
The season opener marks a return to the event where Munster claimed his...
12h ago from MotorsportWeek.c...
Romet Jürgenson to compete in opening three WRC2...
The rising Estonian talent is joined by co-driver Siim Oja and start...
12h ago from MotorsportWeek.c...
Gregoire Munster to contest Dakar Rally and WRC Monte...
No description available...
1d ago from Motorsport.com
Toyota brings Corolla back to rallying with all-new...
No description available...
1d ago from Motorsport.com
Popular On GunnersToday.com
“As long as he starts, our chances of winning are...
Arsenal fans are questioning Mikel Arteta's decision to start Marin...
22m ago from SportsKeeda.com
Arsenal boss Mikel Arteta makes feelings clear about...
Arsenal boss Mikel Arteta has shared his thoughts on Lionel Messi voting...
1h ago from SportsKeeda.com
Everton v Arsenal – live blog
Join us for live blog coverage of our Premier League game away to Everton,...
1h ago from Arseblog.com
Comments
Hottest News
Daniel Ricciardo's issues 'important announcement' for new...
Former F1 driver Daniel Ricciardo has announced... Read More »
42m ago from GPFans.com
F1: Mercedes and Red Bull power units under scrutiny
Barely has the current season ended than two... Read More »
5h ago from Pitpass.com
Max Verstappen issues early retirement threat to F1 unless...
Four-time F1 world champion Max Verstappen has... Read More »
1h ago from GPFans.com
