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Force India reports bigger loss for FY 2016


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#1 Prost1997T

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Posted 22 September 2017 - 21:33

https://www.motorspo...-income-956499/

 

 

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.

 

This is probably the most interesting part:

 

 

The accounts also reveal that the team received a payment of $15m from Diageo, owners of Johnny Walker, which was “under an agreement negotiated in connection with Dr Vijay Mallya’s settlement with Diageo.”

 

That said, this doesn't account for any Mercedes discount from running Ocon, or the increased WCC prize money for placing 4th. I suspect those will be similar to the one-off $15 million settlement.



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#2 Izzyeviel

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Posted 22 September 2017 - 22:35

Project fear turns out to be project fact.