News Details
As revenues fall, Liberty offers teams interest-free advances
As previously reported, in the nine months to September, the prize money paid to the F1 teams fell by £31m with the prediction that the trend would continue for some time yet. There are various reasons for this, including the reduction in the number of races this year compared to 2016, however, new owners Liberty Media's failure to secure new sponsors combined with its spending on new offices, staff, promotions such as the London event, investment in the sport’s infrastructure and Ross Brawn's technical team have all had an impact. Rapidly becoming Liberty Media's 'teacher's pet', Red Bull's Christian Horner accepts the downturn in prize money - his team can afford it -...
Full Story »
Full Story »
8y ago from Pitpass.com
0
You May Also Be Interested In...
F1 to reveal brand new logo in Abu Dhabi
Formula One will reveals a new logo after Sunday’s season-ending Abu...
8y ago from ThisIsF1.com
F1 shark fins banned for 2018
Formula 1 cars are set to lose their prominent ‘shark fins’ style...
8y ago from GrandPrix247.com
Analysis: Why F1's $43 million prize money drop has...
As their prize money income takes a major hit for the first time in recent...
8y ago from Motorsport.com
Horner wants McLaren to reverse F1 veto on fin for 2018
Red Bull team principal Christian Horner is eager to persuade McLaren to...
8y ago from Crash.net
Elsewhere On The Network
Popular On MGPToday.com
Yamaha reveals why it ‘took the difficult route’...
Technical Director Max Bartolini admits Yamaha “took the difficult...
2h ago from MotorsportWeek.c...
MotoGP riders have their say on controversial Marc...
No description available...
5h ago from Motorsport.com
Marc Marquez hits out at timing of controversial Thai...
No description available...
6h ago from Motorsport.com
What happened in MotoGP’s other big Thailand...
No description available...
3h ago from Motorsport.com
Popular On IndyCarToday.com
Will Power crashes early in second St. Petersburg...
No description available...
1h ago from Motorsport.com
Scott McLaughlin “thought I’d lost that chance”...
No description available...
2h ago from Motorsport.com
Palou and Ganassi reach settlement with McLaren
Alex Palou and Chip Ganassi have reached a settlement with McLaren over...
5h ago from MotorsportWeek.c...
Scott Dixon crashes hard in opening practice for Grand...
No description available...
20h ago from Motorsport.com
Popular On TotalWRC.com
Why Esapekka Lappi was so happy at WRC Rally Sweden
No description available...
2d ago from Motorsport.com
Acropolis Rally's Thursday parc ferme will be on a boat
No description available...
3d ago from Motorsport.com
Hyundai “realistic and optimistic” in mission to...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
This 'unbelievable' star a better option than Sandro...
Former Arsenal star Anders Limpar has suggested that the Gunners don't...
2h ago from CaughtOffside.com
Talks held: Barcelona working on signing 45m Arsenal...
Barcelona are reportedly already in talks with intermediaries over a...
3h ago from CaughtOffside.com
'More difficult than the Champions League' - Chelsea...
Chelsea midfielder Andre Santos has said that the Premier League is even...
6h ago from SportsKeeda.com
Arsenal vs Chelsea Prediction and Betting Tips | 1st...
The Premier League is back in action with another massive clash between...
6h ago from SportsKeeda.com
Comments
Hottest News
F1: F1 eyes events in the Middle East
F1's powers that be are 'closely monitoring'... Read More »
52m ago from Pitpass.com
F1 issues statement about Bahrain and Saudi Arabian GPs...
F1 has moved to calm fears that some of its... Read More »
1h ago from GPFans.com
‘A bit more alive’: Leclerc hails F1’s lighter,...
Formula 1’s 2026 technical revolution hasn’t... Read More »
1h ago from F1i.com
