News Details
'£100 million offered to teams'
Formula 1's controlling shareholder is set to hand smaller teams a £100 million payment in an attempt to ward off the sport's financial crisis, it was reported on Tuesday.Three cash-strapped teams, Force India, Sauber and Lotus, had threatened to withdraw from Sunday's U.S. GP in protest at the way F1's revenues are divided, with the reports stating that the boycott was only averted after an intervention from CVC Capital Partners.According to The Times, ‘the boycott was only averted after Donald Mackenzie, chairman of CVC Capital Partners, the controlling shareholders, telephoned Gerard Lopez, the Lotus owner, in Austin to offer a compromise. Bob Fernley of Force India believes...
Full Story »
Full Story »
11y ago from SkySports.com
0
You May Also Be Interested In...
Sutil expects costs reaction
Sauber's Adrian Sutil has expressed surprise that it took so long for...
11y ago from SkySports.com
Lopez: Survival of small F1 teams requires a bit of...
Gerard Lopez seeks an amicable resolution to the cash crisis in F1
Formula...
11y ago from GrandPrix247.com
Ecclestone takes blame for F1 financial crisis
Formula 1 boss Bernie Ecclestone has admitted fault for the sport’s...
11y ago from SpeedCafe.com
Formula 1's midfield teams demand change to sport's...
+ Formula 1’s midfield teams have called for substantial and immediate...
11y ago from RichlandF1.com
Elsewhere On The Network
Popular On MGPToday.com
MotoGP Portuguese GP: Alex Marquez shakes off Pedro...
No description available...
15h ago from Motorsport.com
Pedro Acosta: Portuguese GP sprint defeat step towards...
No description available...
13h ago from Motorsport.com
Alex Marquez secures MotoGP Sprint victory in Portimao
Alex Marquez fended off a late charge from Pedro Acosta to seal his...
16h ago from MotorsportWeek.c...
Marco Bezzecchi clinches secure Portimao MotoGP pole...
Marco Bezzecchi stormed to his fourth pole position of the season after a...
19h ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Caio Collet advances up to IndyCar with AJ Foyt Racing
AJ Foyt Racing has announced that Caio Collet will drive for the team in...
2d ago from MotorsportWeek.c...
McLaren’s lawsuit against IndyCar champ Alex Palou...
The lengthy court battle between McLaren and Alex Palou is nearing a...
2d ago from MotorsportWeek.c...
Kyle Kirkwood signs multi-year IndyCar extension with...
Andretti Global has announced that Kyle Kirkwood has signed an extension...
5d ago from MotorsportWeek.c...
Marco Andretti announces retirement from racing, won't...
No description available...
1w ago from Motorsport.com
Popular On TotalWRC.com
WRC Rally Japan: Adrien Fourmaux crash rips door from...
No description available...
5h ago from Motorsport.com
Sebastien Ogier and Elfyn Evans fight for Rally Japan...
Saturday was the longest day of the rally. Starting 10.2 seconds behind...
12h ago from MotorsportWeek.c...
Elfyn Evans: Heavy rain could turn WRC Rally Japan...
No description available...
19h ago from Motorsport.com
WRC Rally Japan: Sebastien Ogier responds to Elfyn...
No description available...
20h ago from Motorsport.com
Popular On GunnersToday.com
'We tried to find the details' - Sunderland boss Regis...
Sunderland manager Regis Le Bris revealed that his side used a secret...
35m ago from SportsKeeda.com
Arteta frustrated and disappointed by Arsenal’s...
t;li>Manager feels ‘pain in tummy’ at end of clean sheet runRégis...
9h ago from TheGuardian.com
“Weakest link”, “Say it quietly” - Arsenal...
Arsenal fans believe David Raya was to blame for the late equalizer they...
10h ago from SportsKeeda.com
'He made me a better coach' | Arteta thankful for...
Mikel Arteta says Sunderland midfielder Granit Xhaka made him a better...
12h ago from SkySports.com
Comments
Hottest News
F1 Brazilian Grand Prix starting grid with penalties applied
The starting grid for the 2025 Brazilian Grand... Read More »
45m ago from GPFans.com
F1 News Today: Max Verstappen stunned after Interlagos...
Max Verstappen suffered humiliation at the... Read More »
1h ago from GPFans.com
Lewis Hamilton reveals key factor behind Brazil qualifying...
Lewis Hamilton's painful weekend in Brazil... Read More »
1h ago from RacingNews365.com
