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
Ducati anticipates ‘2024 version’ of Francesco...
Ducati Team Manager Davide Tardozzi is “very confident” Francesco...
53m ago from MotorsportWeek.c...
Marc Marquez admits ‘my body will force me to retire...
No description available...
23m ago from Motorsport.com
Honda completes another test with 2027 bike as Ducati...
No description available...
17h ago from Motorsport.com
Jorge Martin: Aprilia signed me to win the title,...
No description available...
20h ago from Motorsport.com
Popular On IndyCarToday.com
Long Beach to bring in new leadership for iconic event
Organizers of the annual Grand Prix of Long Beach event have announced...
1d ago from MotorsportWeek.c...
Grand Prix of Long Beach set for leadership change
No description available...
1d ago from Motorsport.com
Pato O’Ward joined by F2 champion in McLaren F1...
McLaren has announced its driver development program lineup for 2026,...
1d ago from MotorsportWeek.c...
Kucharczyk set for 2026 Indy NXT run with HMD
No description available...
2d ago from Motorsport.com
Popular On TotalWRC.com
Luciano Benavides defeats Ricky Brabec by two seconds...
No description available...
2h ago from Motorsport.com
Ford's Nani Roma survives late crash and fuel drama to...
No description available...
17h ago from Motorsport.com
Dakar 2026, Stage 13: Nasser Al-Attiyah wins to extend...
No description available...
23h ago from Motorsport.com
Popular On GunnersToday.com
'In active talks' – Fabrizio Romano provides...
Fabrizio Romano says Chelsea are in active talks over signing a new...
3h ago from CaughtOffside.com
League position not a factor as we face another tricky...
Morning all. After our midweek exploits, it's another away trip today,...
2h ago from Arseblog.com
Report: Arsenal rival Bayern Munich for transfer of...
Arsenal are reportedly up against Bayern Munich for the potential transfer...
4h ago from CaughtOffside.com
Arsenal now set to target £120m double transfer after...
Arsenal are now reportedly set to switch their focus to Eintracht...
3m ago from CaughtOffside.com
Comments
Hottest News
F1: Ford v Cadillac
Before a wheel has turned in anger, American... Read More »
1h ago from Pitpass.com
Dramatic Dakar Rally finish as winner decided on final stage
Motorcyclist Luciano Benavides won the Dakar... Read More »
1h ago from RacingNews365.com
Red Bull boss admits they are at the 'very limit' over...
Red Bull powertrains director Ben Hodgkinson has... Read More »
23m ago from GPFans.com
