News Details

Teams ‘screwed up’ by ditching unity in financial fight

F1 team bosses admitted that they had missed an opportunity to both contain the cost of competition and create a more equitable split of revenues simply because the remained rivals off the track. With the introduction of a new engine and drivetrain package for 2014 set to raise costs considerably, especially for those teams towards the rear of the grid, the push towards making the sport more affordable for all appears to have been abandoned, leaving those in charge to lament a lack of unity when it came to negotiating with both the FIA and rights holder CVC. Ironically, it was the governing body that had initially championed the crusade for lower financial burdens, only to propose the...
Full Story »
12y ago from Crash.net 0
Share

You May Also Be Interested In...

FIA get serious about cutting costs in F1

If you’ve ever created a personal budget, you know that cutting costs...
12y ago from Formula1Blog.com

Raikkonen left Lotus as he wasn't paid his salary

Kimi Raikkonen revealed that money trouble at Lotus was part of the...
12y ago from F1Pulse.com

Red Bull rejects Sauber proposal to cut testing and...

Red Bull rejects Sauber proposal to cut testing and save money 17...
12y ago from GrandPrix247.com

Raikkonen: Financial situation triggered Lotus exit

Lotus F1 Team Kimi Raikkonen says that financial issues triggered his...
12y ago from F1Zone.net

Elsewhere On The Network

Popular On MGPToday.com

Victoria Government rejects MotoGP requests to move...

The Victoria State Government has rejected a request from MotoGP to move...

Dorna Sports unveils rebrand as part of MotoGP...

Dorna Sports has announced it will be officially known as MotoGP Sports...

Popular On IndyCarToday.com

George Barber, founder of iconic IndyCar venue, passes...

Barber Motorsports Park has announced that founder of the iconic track...

Honda confirms early discussions for 2028 factory...

Honda, one of two engine manufacturers that supply IndyCar, has confirmed...

Romain Grosjean returns to IndyCar with full time seat...

Dale Coyne Racing has made public its plans for the 2026 IndyCar season,...

Popular On TotalWRC.com

Elfyn Evans wins Swedish showdown

Elfyn Evans and Scott Martin clinched victory on Rally Sweden which ended...

Popular On GunnersToday.com

Arsenal get green light as 35-goal forward eyes summer...

Nico Williams has been linked with a move away from Athletic Club Bilbao...
1h ago from CaughtOffside.com

Man United open internal talks to land 80m...

Igor Thiago continues to be linked with a move away from Brentford after...
3h ago from CaughtOffside.com

Contract stand-off alert: Arsenal smell opportunity as...

Arsenal are plotting an ambitious move to sign the PSG superstar Ousmane...
2h ago from CaughtOffside.com

‘All formal steps completed' – BBC man...

Arsenal have officially agreed to a blockbuster new contract with star...
2h ago from CaughtOffside.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.