News Details

Pay-as-you-go drivers reflect tough times

PARIS, Feb 11, 2013 (Dave James) - In the harsh financial realities which now dictate Formula One, it really does pay to know the right people. Pay drivers are not a new phenomenon but the current economic climate, biting into this glamorous but financially-draining sport, has forced cash-strapped team owners to exploit as many revenue streams as possible. It was the exits of respected drivers Timo Glock and Heikki Kovalainen over the winter which brought the issue of pay drivers, boasting either personal or corporate riches, to a head. Glock was dropped by Marussia after three years with Britain's Max Chilton, whose father is believed to have banked around £70 million when he...
Full Story »
12y ago from F1Plus.com 0
Share

You May Also Be Interested In...

Ecclestone to meet small team bosses as F1 cash crisis...

7 February, 2013 Vijay Mallya with Bernie Ecclestone Bernie Ecclestone...
12y ago from YallaF1.com

Marussia in 'best ever' financial shape

Marussia boss Graeme Lowdon says his team is financially "more...
12y ago from AutoSport.com

Whitmarsh: Some pay drivers not good enough

By Editor on Sunday, February 10, 2013 McLaren team principal Martin...
12y ago from F1Zone.net

Elsewhere On The Network

Popular On MGPToday.com

Popular On IndyCarToday.com

Will Power turns first IndyCar laps with Andretti at...

IndyCar veteran Will Power completed his first test laps with his new...

Alex Palou delivers takedown of McLaren F1 drivers...

IndyCar champion Alex Palou has delivered a takedown of both McLaren...

Popular On TotalWRC.com

Popular On GunnersToday.com

Surprise report claims Arsenal are ready to hijack Man...

Arsenal are reportedly keeping an eye on Crystal Palace centre-back Marc...
1h ago from CaughtOffside.com

Former Arsenal star makes BIG prediction about recent...

Former Arsenal right-back Emmanuel Eboue has given his backing to...
1h ago from CaughtOffside.com

Arsenal and Man Utd lock horns for 30m-rated rising...

Arsenal and Manchester United continue to be linked with a move for the...
3h ago from CaughtOffside.com

How Arteta keeps his Arsenal squad happy - and why...

You never know how far away you are from a Mikel Arteta analogy - and then...
5h ago from SkySports.com

Comments

Hottest News

Former Ferrari Engineer Jock Clear claims 2026 won't be...

With the sweeping regulation changes Formula 1 is... Read More »
3h ago from GrandPrix247.com

New F1 qualifying rules for 2026 explained

The 2026 season will usher in one of the most... Read More »
5h ago from RacingNews365.com

F1 champion claims sport has become 'less fun'

An F1 champion has admitted that modern cars are... Read More »
1h ago from GPFans.com

Recent News


2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.