Force India will receive an early installment linked to its official F1 prize money, according to Auto, Motor und Sport‘s Michael Schmidt.
Force India had requested an advance payment to help with its typical winter budgetary constraints but with unanimous consent required by all F1 teams, the move had initially been vetoed by the Haas F1 Team. Schmidt reports that the impasse has now ended.
Haas had no particular issue involving Force India but used its veto as leverage following a request made to the FIA to reimburse the secured $20 million deposit the US outfit had put up over a year ago to guarantee its participation in the Formula 1 world championship.
The FIA was scheduled to pay back the amount to Haas in full, plus interest, after a two year period. But with Haas’ presence on the 2017 grid now guaranteed, it asked the governing body for an early pay-back.
Apparently the issue has been resolved to Haas’ satisfaction, thus also clearing the path for Force India.
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