Formula 1
Cosworth wants Minardi payment
Engine supplier Cosworth is waiting for Minardi to pay for its supply up front, before the start of the 2003 season, to avoid another problem similar to the situation Cosworth had with Arrows. When Arrows went into its slow decline and final ...
Published: Feb 20, 2003, 1:05 PM
Copy link
Share on Viber
Engine supplier Cosworth is waiting for Minardi to pay for its supply up front, before the start of the 2003 season, to avoid another problem similar to the situation Cosworth had with Arrows. When Arrows went into its slow decline and final collapse last year, one of the outstanding debts was payment for the use of Cosworth engines. Tony Purnell, head of Ford's Premiere Performance Division, doesn't want another unpaid bill.
"Paul is struggling but to be honest I think that he always has done," Purnell said according to the British press. "We are trying to support him but we are also trying to be rational. But I think that it will all be worked out. When Paul went into Formula 1 he knew it was going to be an uphill struggle. I don't think that has changed."
"There's a deadline for Minardi -- it is not particularly mysterious. If you go into a dress shop and you see a dress you really like you have got to come up with the money you need to buy it. The Arrows thing was tough for Formula 1 and tough for Cosworth and all the parties involved will be looking to avoid that sort of embarrassment again."
Minardi finally sorted out its wrangles with tyre manufacturer Bridgestone this week, signing a deal with the company to supply tyres in 2003. The team now needs to come up with a reported £3million to secure the Cosworth engine deal, but Minardi boss Paul Stoddart is confident: "I don't see it as a hassle," he told Reuters. "We're struggling, but there's a difference between that and being so desperate that we can't go to Melbourne."
The only other unresolved mystery is why Tony Purnell was talking about buying a dress.
We want your opinion!
What would you like to see on Motorsport.com?
Take our 5 minute survey.
- The Motorsport.com Team
Read and post comments
Read also :
Share Or Save This Story
Copy link
Share on Viber
Previous article Toyota Barcelona test notes 2003-02-18
Next article Mosley defends HANS decision
Top Comments
There are no comments at the moment. Would you like to write one?
View More & Comment
More from
Paul Stoddart
Red Bull confident of winning fuel flow appeal
Formula 1
Formula 1
Red Bull confident of winning fuel flow appeal
From the Guardian: Daytona date is just reward for 'adrenaline junkie' Katherine Legge
IMSA
IMSA
From the Guardian: Daytona date is just reward for 'adrenaline junkie' Katherine Legge
Teams should solve their financial problems - Mateschitz
Formula 1
Formula 1
Teams should solve their financial problems - Mateschitz
More from
Minardi
Alpine may be F1’s best ‘worst team’ of all time
Formula 1
Formula 1
Alpine may be F1’s best ‘worst team’ of all time
Alonso showed championship credentials in first F1 race - ex-Minardi boss
Formula 1
Formula 1
Saudi Arabian GP
Alonso showed championship credentials in first F1 race - ex-Minardi boss
Top 10 Minardi F1 drivers ranked: Alonso, Webber, Badoer and more
Formula 1
Formula 1
Top 10 Minardi F1 drivers ranked: Alonso, Webber, Badoer and more
Latest news
Marc Marquez: ‘Jorge Martin rides on instinct; he just attacks, and that’s his strength’
MotoGP
MGP MotoGP
Australian GP
56 min
Marc Marquez: ‘Jorge Martin rides on instinct; he just attacks, and that’s his strength’
Lamborghini Super Trofeo | North America, Race 2: Bamber dominates to take the win
Lamborghini Super Trofeo
LBST Lamborghini Super Trofeo
World Finals - Monza 2026
58 min
Lamborghini Super Trofeo | North America, Race 2: Bamber dominates to take the win
Belgian firm to take over Renault/Alpine engine facility in Viry
WEC
WEC WEC 1 h
Belgian firm to take over Renault/Alpine engine facility in Viry
Jorge Martin the slowest Aprilia in Australia practice: “I'm used to riding with the Ducati here”
MotoGP
MGP MotoGP
Australian GP
2 h
Jorge Martin the slowest Aprilia in Australia practice: “I'm used to riding with the Ducati here”
Feature
Discover prime content
Subscribe and access Motorsport.com with your ad-blocker.
From Formula 1 to MotoGP we report straight from the paddock because we love our sport, just like you. In order to keep delivering our expert journalism, our website uses advertising. Still, we want to give you the opportunity to enjoy an ad-free and tracker-free website and to continue using your adblocker.
You have 2 options:
- Become a subscriber.
- Disable your adblocker.
Subscribe now Already subscribed? Sign in here
Already disabled your adblocker?
Reload page
Manage Alerts
Subscribe