News Details
Teams prize money drops $45m under Liberty
Latest results reveal that the teams will receive $45m less in prize money than before Liberty Media bought the sport last year. The figures reveal that in the period April - June the teams received $307m in prize money which is down 7% on the same period last year. However, as Forbes reveals, contrary to some media reports, the teams haven't taken a $23m hit on 2017 as Liberty's documents clearly state that 'team payments are recognized pro rata with the number of races'. With 21 races this year, as opposed to 20 in 2017, the pro rata payment has reversed and as a result the total amount of prize money will in fact rise. Indeed, the total prize money of $921m is a $2m increase on 2017......
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