News Details
$10m fund for 2010 new teams to end
By Editor on Monday, April 29, 2013 Bernie Ecclestone has said that Caterham and Marussia will no longer receive $10m on an annual basis.
The lump sum was paid to the three teams who joined the grid in 2010 but this has now ceased. Only the top 10 teams will receive money under the new proposed Concorde Agreement.
Marussia currently holds 10th place in the championship courtesy of Jules Bianchi's 13th place in Malaysia.
The two teams held unsuccessful merger talks over the winter.
Ecclestone also confirmed to The Daily Telegraph that he plans to float the sport on the Singapore stock exchange.
'We have agreed to do it. It will happen this year and it will be up and running. CVC is getting...
Full Story »
Full Story »
12y ago from F1Zone.net
0
You May Also Be Interested In...
F1 2013 – Prize money to only be paid to top 10 teams
Bernie Ecclestone has revealed only the top 10 constructors will receive a...
12y ago from F1.co.uk
Only top ten teams to receive prize money
Bernie Ecclestone has revealed that prize money will only be given to...
12y ago from GPUpdate.net
F1 prize money to be restricted to top ten
The team finishing last in the constructors' championship will no longer...
12y ago from Crash.net
Elsewhere On The Network
Popular On MGPToday.com
Jorge Martin targets latest MotoGP return at Valencia...
No description available...
10h ago from Motorsport.com
Nicolo Bulega overcomes WSBK instincts to score on...
No description available...
15h ago from Motorsport.com
Marco Bezzecchi and Aprilia celebrate ‘significant...
After finishing third in Saturday's MotoGP Sprint, Marco Bezzecchi...
14h ago from MotorsportWeek.c...
Pol Espargaro slams ‘way too aggressive’ Franco...
No description available...
17h ago from Motorsport.com
Popular On IndyCarToday.com
McLaren’s lawsuit against IndyCar champ Alex Palou...
The lengthy court battle between McLaren and Alex Palou is nearing a...
4d ago from MotorsportWeek.c...
Caio Collet advances up to IndyCar with AJ Foyt Racing
AJ Foyt Racing has announced that Caio Collet will drive for the team in...
4d ago from MotorsportWeek.c...
Marco Andretti announces retirement from racing, won't...
No description available...
1w ago from Motorsport.com
Kyle Kirkwood signs multi-year IndyCar extension with...
Andretti Global has announced that Kyle Kirkwood has signed an extension...
1w ago from MotorsportWeek.c...
Popular On TotalWRC.com
What Toyota expects from 2026 WRC signing Oliver...
No description available...
12h ago from Motorsport.com
Oliver Solberg lands factory Toyota Rally1 drive
We called it after Oliver Solberg clinched his WRC2 title in Chile....
18h ago from MotorsportWeek.c...
Oliver Solberg secures full-time Toyota WRC drive for...
No description available...
19h ago from Motorsport.com
Popular On GunnersToday.com
Arsene Wenger issues warning as he responds to Mikel...
Legendary Premier League manager Arsene Wenger has issued a warning to...
14h ago from SportsKeeda.com
“If Arsenal, Man City and Liverpool play at their...
Former Newcastle United striker Michael Owen believes Arsenal are not...
12h ago from SportsKeeda.com
Barcelona made aware of Arsenal stance on 26-year-old...
Arsenal are considered to have one of the best squads in Europe, but they...
12h ago from CaughtOffside.com
Gary Lineker predicts favourites to win Premier League...
Gary Lineker believes Arsenal are still the favorites to beat Liverpool...
10h ago from SportsKeeda.com
Comments
Hottest News
McLaren calls for clarity on F1 cost cap rules after Red...
McLaren boss Andrea Stella has called for... Read More »
12h ago from MotorsportWeek.com
Injured Sky F1 presenter spotted on live TV with axed...
Injured Sky Sports presenter Natalie Pinkham has... Read More »
5h ago from GPFans.com
Ferrari big boss Elkann to Hamilton and Leclerc: Shut up...
Ferrari president John Elkann has told Lewis... Read More »
6h ago from GrandPrix247.com
