According to reports, Manor and Sauber are asking for advanced payments against future earnings joining Force India in a quest to stave off creditors and keep the doors open from December through February.
The off season are the lean times with no monthly payments coming from Formula One Management who usually pays out prize money from February through November.
It’s not a great testimony that the teams need to cover two months but then that is the bulk of their car development period. Then again, if you were to pay out prize money from September though May, teams might suggest they need the operating cash for attending races. Point is, these teams seem to need a steady, monthly paycheck in order to keep going.
I have not read how the advanced payment works other than it requires unanimous approval by all the teams. Perhaps they are taking advanced earnings and pro-rating it over the 12-month period.
Hat Tip: AUTOSPORT