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 »
13y 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...
13y ago from YallaF1.com

Marussia in 'best ever' financial shape

Marussia boss Graeme Lowdon says his team is financially "more...
13y ago from AutoSport.com

Whitmarsh: Some pay drivers not good enough

By Editor on Sunday, February 10, 2013 McLaren team principal Martin...
13y ago from F1Zone.net

Elsewhere On The Network

Popular On MGPToday.com

Popular On IndyCarToday.com

IndyCar reveals track design for Washington D.C. event

IndyCar has revealed the track design for the newly-added event in...
14h ago from MotorsportWeek.c...

David Malukas’ Penske poise earns accolades from...

After just two races with Team Penske under his belt, David Malukas is...
16h ago from MotorsportWeek.c...

Popular On TotalWRC.com

Popular On GunnersToday.com

FA Cup draw is kind and adds potential for revenge

Morning all. Let's start today with the FA Cup quarter-final draw which...
26m ago from Arseblog.com

Bayer Leverkusen vs Arsenal Prediction and Betting...

Bayer Leverkusen welcome Arsenal for the first leg of their UEFA Champions...
11h ago from SportsKeeda.com

FA Cup quarter-final draw: Man City face Liverpool

Manchester City have been drawn against Liverpool in the FA Cup...
12h ago from SkySports.com

'He's dangerous for society' – Patrice Evra labels...

Manchester United legend Patrice Evra has suggested that former Arsenal...
15h ago from SportsKeeda.com

Comments

Hottest News

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.