F1 » F1's best and worst bill-payers revealed

An independent report has cast some light upon the speed with which F1 teams settled their financial debts in 2010 - and despite an estimated £1.3 billion budget between them, it seems some weren't very speedy at all...

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Mysh - Unregistered

January 10, 2011 2:32 PM

to me as a company director. this shows that not only on track (most of the time) and in business red bull are an exemplary example of how a team/business should be run and most of the other teams should take note.
I for one wouldn't hesitate to supply any of red bulls companies. the object is to is win, but not at all costs i.e. drivers left to race and what happens happens

I complained about red bull x fighters as the course wasn't 100% fit for FMX so the riders did what they could and the results were based on the afternoon practice. they send us a pack of red bull t shirts, hats stuff for the kids etc as an appology which wasn't the reason i wrote in the first place

hats off to mr mateschitz and red bull, i aspire to run my company as well as they do

Yirmin Snipe - Unregistered

January 10, 2011 3:56 PM

Pointless story that omits key facts... When you have a contract it generally allows for a certain number of days between the time something is billed and when it must be paid before penalties or a breach of contract happens. Generally their is at least a 30 day window sometimes more... and I have even seen contracts where if you paid after 10 days but before 30 you would get a discount versus someone who paid at the time of services... so without knowledge of the way the agreements were written this is meaningless.

If you could pay the same price on day 1 or day 30 why would you pay on day 1? Only an idiot would pay sooner than they have to because you can make interest on the money so long as it is in your accounts... maybe the story just tell us that Red Bull is run by an idiot paying sooner than he has to.

Craig - Unregistered

January 10, 2011 4:26 PM

Slow day for news?

I know this will have interested some, but after reading the story I have to say this is information many of us could have lived perfectly well not knowing.

JJJ - Unregistered

January 10, 2011 4:51 PM

Paying 17 days late doesn't really jibe well with the perfect picture RD always wanted to portray to the outside world of his team...

New management new rules or is the partial department of Merc hurting the team more than it wants us to believe?

Before the year started I predicted McLaren would fall from grace in much the same way Williams did when they lost their free toplevel engines...It might still happen with some delay (Santander leaving as well)

chrian - Unregistered

January 10, 2011 8:43 PM

This is an industry where all too often bills incurred *never* get paid at all...

I am sure their suppliers greatly appreciate being paid on time. Not very many of us would be too happy with getting our pay pack coming in at different times late all year. I mean, with some of these teams, it is not like you can exactly count on receiving anything at all, even with *big* teams like Renault. They depend on revenue themselves from all kinds of unreliable sources (chasing down a driver's promised $, chasing down new sponsorship, chasing down promoters and TV $).

If you own a business, believe me, it is a very big deal.

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