Formula One teams fail their financial MOTs
Sunday 29 March 2009
As Formula One's 10 teams get off to a flying start in today's season-opening Australian Grand Prix, a report by Dun & Bradstreet, the business information firm, has appeared on the teams' creditworthiness.
It shows they have been paying their bills much later in 2009 than in 2008. The data indicates which outfits are running healthy businesses and which may reverse out of the sport with financial problems.
The British Williams team had the biggest increase in late payments, indicating that Its finances may be far from pole position.
The dubious honour of the sport's latest payer, however, goes to the Force India team, owned by Indian aviation billionaire Vijay Mallya, which settles its bills 72 days late. World Champion McLaren is the second slowest payer while Toro Rosso, owned by Red Bull, is the only one to pay on time.
- 1 Isis burns thousands of books and rare manuscripts from Mosul's libraries
- 2 Scarlett Johansson new band 'already hit with legal complaint' from another The Singles
- 3 Husband and wife die holding hands within hours of each other after 67 years of marriage
- 4 The remarkable archaeological underwater discovery that could open up a new chapter in the study of European and British prehistory
- 5 'Jihadi John': CAGE representative storms off Sky News accusing Kay Burley of Islamophobia
Isis burns thousands of books and rare manuscripts from Mosul's libraries
Husband and wife die holding hands within hours of each other after 67 years of marriage
Mohammed Emwazi: Nine things we know about Isis militant 'Jihadi John'
'Jihadi John': CAGE representative storms off Sky News accusing Kay Burley of Islamophobia
'Jihadi John': Mohammed Emwazi – from British computer programmer to Isis executioner
Oscars 2015: Birdman beats Boyhood as Eddie Redmayne and Patricia Arquette win big - as it happened
New theory could prove how life began and disprove God
Half of Ukip voters say they are prejudiced against people of other races
'Cash for access' scandal: Sir Malcolm Rifkind says 'unrealistic' for MPs to live on £67,000 salary
Aqsa Mahmood branded a 'disgrace' by her parents after claims she recruited three UK girls flying to Middle East
This is what it's like to be dead, according to a guy who died for a bit
iJobs Money & Business
£250-£300 Day Rate: Jemma Gent: Are you a qualified accountant with strong exp...
£230 - £260 Day Rate: Jemma Gent: Do you want to stamp your footprint in histo...
£22,000 - £23,000: Beverley James: Are you looking for the opportunity to work...
£30,000: Beverley James: A fantastic opportunity has arisen for a person looki...