Lotus, Marussia make delayed entry fee payment


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1 February 2014 by TF1T Staff | M
          

Lotus and Marussia have guaranteed their spots on the 2014 grid after making the necessary payments to the governing body.

The two outfits were listed as "subject to confirmation" on the official entry list published earlier this month, but both denied it meant they were in trouble despite rumours of financial instability.

However, both have now paid the fee, albeit later than required, with Marussia's John Booth confirming to Autosport that it was down to cashflow.

"Yes, it is confirmed," he said. "We're a small team and we have to manage our cashflow, that's the best way of putting it.

"Sometimes you have to prioritise but we knew it had to be paid and it was paid when we needed it to be."

Marussia have to pay a base rate of £310,000 (€378,000, $510,000) as they scored no points in 2013, Lotus however scored 315 points and therefore had to pay £1.3 million (€1.5m, $2.1m) based on the new tiered entry fee regulation.

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