News Details
'Teams facing tough financial future'
Martin Whitmarsh estimates that seven of the 11 Formula One teams are in financial difficulties as advertising and sponsorship take a hit.
Last season Formula One lost HRT while already this year Marussia were forced to axe a driver in order to sell his seat to a paying driver.
"It's tough," Whitmarsh told the BBC.
"We're in the world of advertising and you only have to see how advertising is worldwide. The rate card is down.
"We have taken some measures but I think it's going to be tough for some."
The McLaren team boss added that several teams will struggle to "have a viable business model for a few years - there's no doubt about that."
The teams,...
Full Story »
Full Story »
12y ago from PlanetF1.com
0
You May Also Be Interested In...
F1 teams 'are in survival mode'
Seven of the 11 Formula 1 teams are struggling financially to the extent...
12y ago from BBC.co.uk
Whitmarsh: 'Some pay drivers not good enough'
McLaren team principal Martin Whitmarsh has hit out at the amount of pay...
12y ago from TheF1Times.com
Whitmarsh: Some pay drivers not good enough
By Editor on Sunday, February 10, 2013 McLaren team principal Martin...
12y ago from F1Zone.net
Elsewhere On The Network
Popular On MGPToday.com
Marc Marquez went through an “inferno” and came...
No description available...
13h ago from Motorsport.com
Joan Mir reflects on ‘long, tiring journey' to...
Joan Mir and Honda celebrated their first MotoGP podium finish together...
1d ago from MotorsportWeek.c...
Pedro Acosta: Marc Marquez 2025 title ‘the...
Pedro Acosta believes Marc Marquez's 2025 MotoGP title triumph is the...
2d ago from MotorsportWeek.c...
Francesco Bagnaia: Fighting Alex Marquez for second...
No description available...
15h ago from Motorsport.com
Popular On IndyCarToday.com
Five IndyCar teams jump start offseason testing at...
Five different IndyCar teams completed a test at Mid-Ohio Sports Car...
5h ago from MotorsportWeek.c...
Mick Schumacher to make IndyCar test debut with Rahal...
No description available...
5d ago from Motorsport.com
Mick Schumacher set for IndyCar test with RLL
Rahal Letterman Lanigan Racing has announced that it will bring in Mick...
5d ago from MotorsportWeek.c...
Andretti hires ex-Penske director Ron Ruzewski as...
Andretti Global announced on Wednesday that it has hired Ron Ruzewski as...
1w ago from MotorsportWeek.c...
Popular On TotalWRC.com
Hyundai WRT on the attack
Hyundai Shell Mobis World Rally Team is not taking their 2025 drubbing at...
5d ago from MotorsportWeek.c...
Mandated rest periods at WRC rallies to face FIA vote
No description available...
1w ago from Motorsport.com
Hyundai call set to boost Ott Tanak’s WRC title...
No description available...
1w ago from Motorsport.com
WRC swaps Sardinia for Rome as home of Rally Italy...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Player ratings: Arsenal 2-0 Olympiacos
Arsenal made it two from two in the Champions League with a two-nil win...
4h ago from FreshArsenal.com
Ødegaard and Gyökeres on centre stage as Arteta’s...
h an enticing run of fixtures coming up and the captain back to his best,...
4h ago from TheGuardian.com
'He was trolling today', 'Needs to never start for...
Fans online were unimpressed with Leandro Trossard's performance during...
4h ago from SportsKeeda.com
Report: Liverpool, Arsenal and Chelsea set to battle...
Barcelona defender Ronald Araujo has been linked with a move away from the...
6h ago from CaughtOffside.com
Comments
Hottest News
Cadillac sign former F1 driver to key role
The former Haas F1 driver has been signed to a... Read More »
13h ago from RacingNews365.com
Lewis Hamilton absence confirmed at Singapore GP as Ferrari...
F1 legend Lewis Hamilton has not been selected to... Read More »
8h ago from GPFans.com
Mercedes in landmark moment with George Russell change
Mercedes F1 team have taken a major step, which... Read More »
20h ago from GPFans.com
