News Details
Teams get advance payment from Liberty after revenue drop
Formula 1's owners will provide teams with an advance on their prize money payment as compensation for the sport's drop in profit in 2017. As it concludes its first year at the helm of F1, Liberty Media continues to invest in several areas of the sport, boosting its staff, building or improving its infrastructure and undertaking large promotional events. The various investments have led to a short-fall in revenue for the teams, with prize money falling by £31m this year compared to 2016. Red Bull Racing's Christian Horner accepts Liberty Media's investment approach and the temporary drop in revenue it entails for the teams. "The model that they have, compared to the previous...
Full Story »
Full Story »
You May Also Be Interested In...
Liberty set to offer teams advance on payments after...
Liberty Media is set to offer Formula 1 teams an advance on payments in...
8y ago from Crash.net
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
As revenues fall, Liberty offers teams interest-free...
As previously reported, in the nine months to September, the prize money...
8y ago from Pitpass.com
Carey: New F1 logo to provide a fresh energy
Formula 1 will unveil a new logo after Sunday's season finale Abu Dhabi...
8y ago from GrandPrix247.com
Elsewhere On The Network
Popular On MGPToday.com
The big 2025 lesson Alex Marquez will apply in 2026
No description available...
3h ago from Motorsport.com
Why KTM's MotoGP challenge may no longer be a one-man...
No description available...
5h ago from Motorsport.com
Marc Marquez lacking same strength as last year after...
No description available...
6h ago from Motorsport.com
Fabio Quartararo: 2027 decision "helped me...
No description available...
11h ago from Motorsport.com
Popular On IndyCarToday.com
PREMA confirmed to miss opening IndyCar round
PREMA will not be present for this weekend’s season-opening round of...
1d ago from MotorsportWeek.c...
Marcus Ericsson going into 2026 season with “chip on...
No description available...
1d ago from Motorsport.com
Ed Carpenter Racing enter technical partnership with...
No description available...
1d ago from Motorsport.com
Ticket design for 110th Indianapolis 500 unveiled
The ticket design for this upcoming May’s 110th running of the...
1d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Why Esapekka Lappi was so happy at WRC Rally Sweden
No description available...
7h ago from Motorsport.com
Acropolis Rally's Thursday parc ferme will be on a boat
No description available...
1d ago from Motorsport.com
Hyundai “realistic and optimistic” in mission to...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Paul Merson predicts Arsenal vs Chelsea and other...
Another week rolls on in the Premier League and we've also got Friday...
4h ago from SportsKeeda.com
'I would like to see a change' - Former Manchester...
Former Manchester City and Arsenal star Bacary Sagna has claimed that he...
6h ago from SportsKeeda.com
Will the visit to Dr. Tottenham be a title race...
League titles and big trophies are largely won by tangible elements....
5h ago from Arseblog.com
“I fancy Chelsea”, “ They will do something daft...
Manchester United legend Paul Scholes and Roy Keane have made interesting...
7h ago from SportsKeeda.com
Comments
Hottest News
F1 2026 power unit saga takes fresh twist - report
After a compromise was struck during the F1... Read More »
8h ago from RacingNews365.com
Lewis Hamilton sparks 'biggest intrigue' with new Ferrari...
Lewis Hamilton will be hoping for a more... Read More »
1h ago from RacingNews365.com
George Russell, sex toys and how to 'pleasure a woman' -...
George Russell, sex toys and ‘how to pleasure a... Read More »
53m ago from GPFans.com
