News Details
'11th team to lose prize money'
Bernie Ecclestone is shaking up F1's $698.5m prize fund as no longer will the 11th team be paid a cent.
At present the top ten teams in the Constructors' Championship split the prize fund. However, for the last three seasons those finishing outside the top ten have each received $10m as part of a deal.
Ecclestone, though, has brought that deal to an end.
While the payment clause for the $10m was included in the old Concorde Agreement, this season Ecclestone has signed separate commercial agreements with each team.
The only team that doesn't have a deal is Marussia, who finished 11th last season.
Speaking to the Daily Telegraph, the F1 supremo said "they don't have a commercial...
Full Story »
Full Story »
12y ago from PlanetF1.com
0
You May Also Be Interested In...
Ecclestone cuts prize money for 11th to zero
The team which finishes 11th in the constructors' championship will no...
12y ago from TheF1Times.com
11th placed team set to lose constructors' prize money
Formula One is set to undergo a dramatic change in the awarding of prize...
12y ago from RichlandF1.com
Ecclestone: F1 IPO is going ahead this year
Formula One's initial public offering (IPO) will definitely go ahead in...
12y ago from TheF1Times.com
Elsewhere On The Network
Popular On MGPToday.com
How Alex Marquez won the MotoGP Spanish GP the Marc...
No description available...
23h ago from Motorsport.com
Yamaha set to confirm new inline-four MotoGP engine at...
Yamaha admits it is likely to use its updated inline-four MotoGP engine...
2d ago from MotorsportWeek.c...
Joan Mir confirms new Honda engine sees improvement in...
Joan Mir confirmed that Honda's new engine has shown improvements in 'all...
2d ago from MotorsportWeek.c...
Pedro Acosta did have surgery for arm-pump syndrome...
No description available...
2d ago from Motorsport.com
Popular On IndyCarToday.com
Felix Rosenqvist still feels like a rookie after 100...
This weekend at Barber Motorsports Park, Felix Rosenqvist will start his...
2h ago from MotorsportWeek.c...
AJ Foyt Racing continues partnership with Homes For...
AJ Foyt Racing has announced that it will once again partner with Homes...
18h ago from MotorsportWeek.c...
Helio Castroneves joins Barrichello, Massa in the 2025...
No description available...
2d ago from Motorsport.com
2025 Indianapolis 500 Chevrolet ZR1 pace car unveiled
No description available...
2d ago from Motorsport.com
Popular On TotalWRC.com
Rally Portugal set to feature record-equaling WRC...
No description available...
1d ago from Motorsport.com
Hyundai was 'clearly unprepared' for WRC Canary...
No description available...
2d ago from Motorsport.com
Toyota Gazoo Racing's silver lining
Toyota Gazoo Racing has a silver lining, literally. Not content with a...
3d ago from MotorsportWeek.c...
Popular On GunnersToday.com
Mikel Arteta announces double Arsenal fitness boost...
Arsenal manager Mikel Arteta refuses to rule out the prospect of another...
1h ago from SportsMole.co.uk
Arsenal legend names the 'proper No.9' Mikel Arteta...
Arsenal legend Nigel Winterburn has named his ideal striker target for the...
2h ago from CaughtOffside.com
Arsenal indicate willingness to discuss William Saliba...
Arsenal could reportedly be open to selling William Saliba to Real Madrid,...
2h ago from CaughtOffside.com
Report: Liverpool & Arsenal on alert as club...
Liverpool and Arsenal are reportedly among the top clubs showing an...
3h ago from CaughtOffside.com
Comments
Hottest News
LIVE: 2025 F1 Miami Grand Prix - Free Practice
Follow along with all the live action for the... Read More »
39m ago from RacingNews365.com
Breaking: Max Verstappen has become a father
Max Verstappen has become a father after his... Read More »
3h ago from RacingNews365.com
Daniel Ricciardo joins forces with F1 team after striking...
Daniel Ricciardo has secured his next move in... Read More »
2h ago from RacingNews365.com
