{"id":10396,"date":"2011-01-09T07:33:51","date_gmt":"2011-01-09T12:33:51","guid":{"rendered":"https:\/\/www.racinginfocus.com\/?p=10396"},"modified":"2011-01-09T07:33:51","modified_gmt":"2011-01-09T12:33:51","slug":"report-shows-f1-teams-pay-suppliers-late","status":"publish","type":"post","link":"https:\/\/www.racinginfocus.com\/rif\/formula-1\/report-shows-f1-teams-pay-suppliers-late\/","title":{"rendered":"Report shows F1 teams pay suppliers late"},"content":{"rendered":"<p>Force India pays bills later than most of its formula one team rivals, according to a report.<\/p>\n<p>The Daily Mail said the Silverstone based team, which is owned by the Indian liquor baron, politician and billionaire Vijay Mallya, pays bills on average 30 days past due.<\/p>\n<p>&#8220;If Vijay sold his yacht, it would keep the team going for a couple of years,&#8221; said an unnamed supplier.<\/p>\n<p>On the other end of the scale, business information firm Dun and Bradstreet found that 2010 drivers&#8217; and constructors&#8217; champions Red Bull is the only team in F1 that pays its bills when they are due.<\/p>\n<p>The report, comparing data from December 2009 to November last year, said Red Bull&#8217;s punctuality is due to a recently boosted budget.<\/p>\n<p>On average, however, F1 teams reportedly pay their bills 28 days late, which is four days later than the previous Dun and Bradstreet report.<\/p>\n<p>The worst offender is F1 newcomer Team Lotus, paying its bills 180 days late, but the report showed that even Ferrari and Mercedes usually fail to pay suppliers on time.<\/p>\n<p><span style=\"color: #888888;\"><em>\u00a9 RIF | GMM<\/em><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Force India pays bills later than most of its formula one team rivals, according to a report. The Daily Mail said the Silverstone based team, which is owned by the Indian liquor baron, politician and billionaire Vijay Mallya, pays bills on average 30 days past due. &#8220;If Vijay sold his yacht, it would keep the &#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0},"categories":[3],"tags":[5262,93,576,5340,34],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/posts\/10396"}],"collection":[{"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/comments?post=10396"}],"version-history":[{"count":1,"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/posts\/10396\/revisions"}],"predecessor-version":[{"id":10397,"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/posts\/10396\/revisions\/10397"}],"wp:attachment":[{"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/media?parent=10396"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/categories?post=10396"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/tags?post=10396"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}