News Details
Liberty: Increasing teams value key to boosting F1 'ecosystem'
Liberty Media CEO Greg Maffei says that increasing the value of F1's teams was a crucial part of fortifying the sport's "ecosystem" as a whole. A transformation of Formula 1's commercial structure through the introduction of a budget cap and a hike in the prize money paid to the teams according to the Concorde Agreement has significantly impacted each outfit's income and bottom line, and therefore its overall value. Maffei said that enhancing the teams' monetary worth was a prerequisite to boosting F1's value as a whole. "One of the important things was to help the ecosystem," Maffei explained on F1's third quarter confernec call with Wall Street analysts. "...
Full Story »
Full Story »
You May Also Be Interested In...
Domenicali Denies Ferrari Bias But Admits Their ‘Big...
Formula One’s commercial rights holders Liberty Media do not favour...
4y ago from Formula1News.co.uk
F1 value 'uncorked' by Liberty Media ownership - Brown
McLaren Racing CEO Zak Brown has credited Liberty Media for 'uncorking the...
4y ago from GPFans.com
Sainz: We were just going through a rough patch
Ferrari's Carlos Sainz admits that Netflix series 'Drive to Survive' has...
4y ago from GrandPrix247.com
Domenicali wants to improve sprint races and thinks of...
In 2021, Formula 1 will experiment with sprint races for the first time....
4y ago from GPBlog.com
Elsewhere On The Network
Popular On MGPToday.com
Aprilia’s MotoGP advantage not due to special rear...
No description available...
7h ago from Motorsport.com
Why WorldSBK leader Nicolo Bulega could miss out on a...
Rumours surrounding Nicolo Bulega and a possible move to MotoGP in 2027...
10h ago from MotorsportWeek.c...
Renovations begin at Goiania after MotoGP's...
No description available...
11h ago from Motorsport.com
Why Alex Marquez has been struggling in MotoGP this...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Will Power's father okay after wrestling with armed...
No description available...
3h ago from Motorsport.com
Mick Schumacher: “I thought I was ready — but I...
No description available...
1w ago from Motorsport.com
Winners and losers from IndyCar at Barber Motorsports...
No description available...
1w ago from Motorsport.com
Fast-paced schedule proving beneficial for IndyCar’s...
The NTT IndyCar Series recently completed its fourth racing weekend in...
6d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Hyundai continues to honour Craig Breen's memory
Hyundai Shell Mobis World Rally Team will run a special livery at this...
9h ago from MotorsportWeek.c...
Hyundai unveils Craig Breen tribute livery for WRC...
No description available...
10h ago from Motorsport.com
Storm damage forces changes to WRC Rally Islas...
No description available...
4d ago from Motorsport.com
Kalle Rovanpera returns to WRC with Subaru
Double WRC Champion Kalle Rovanpera is set to return to the WRC next year...
6d ago from MotorsportWeek.c...
Popular On GunnersToday.com
'I'm going to sleep', 'We are actually cooked' - Fans...
Arsenal fans are conveying their concerns on X after Mikel Arteta included...
1h ago from SportsKeeda.com
Report: Man City now in pole position to beat Man...
Manchester City are reportedly confident they have won the race to sign...
1h ago from CaughtOffside.com
'Unsellable' Bundesliga star on Arsenal wishlist, 45...
Arsenal are interested in signing the Bayer Leverkusen playmaker Malik...
2h ago from CaughtOffside.com
Sporting v Arsenal: Champions League quarter-final...
Champions League updates from 8pm BST<br>⚽ <a...
2h ago from TheGuardian.com
Comments
Hottest News
F1 champion 'did a Verstappen' and kicked top BBC insider...
A former F1 world champion has opened up on a... Read More »
1h ago from GPFans.com
Ferrari set to benefit from new FIA regulation
RacingNews365's technical analyst Paolo Filisetti... Read More »
2h ago from RacingNews365.com
F1 Uncovered: How Christian Horner kept F1 genius Adrian...
Despite Adrian Newey's high-profile Red Bull exit... Read More »
3h ago from GPFans.com
