News Details
Ecclestone to discus financial crisis with CVC
Formula 1 boss Bernie Ecclestone will hold talks with commercial rights holders CVC next week in a bid to find a solution to the financial crisis affecting the sport’s smaller teams.
A meeting involving representatives from each team was held at Brazil’s Interlagos circuit on Saturday to discus F1’s finances but a resolution was not forthcoming.
Lotus, Sauber and Force India had been hoping for a new base payment initiative to be ratified, which would see each outfit receive enough funds to reach a minimum budget to compete.
Ecclestone said during a media briefing at Austin last week that the best solution to the financial crisis would be for the F1’s bigger teams to sacrifice a...
Full Story »
Full Story »
10y ago from SpeedCafe.com
0
You May Also Be Interested In...
Ecclestone takes blame for F1 financial crisis
Formula 1 boss Bernie Ecclestone has admitted fault for the sport’s...
10y ago from SpeedCafe.com
Ecclestone: Crisis can be sorted
Bernie Ecclestone reckons that F1's cash crisis can be sorted out and says...
10y ago from SkySports.com
Sauber hits out at Ferrari boss
Monisha Kaltenborn has been angered by Marco Mattiacci's attitude towards...
10y ago from PlanetF1.com
'£100 million offered to teams'
Formula 1's controlling shareholder is set to hand smaller teams a...
10y ago from SkySports.com
Elsewhere On The Network
Popular On MGPToday.com
Marquez recorded first Ducati MotoGP crash after 780km...
No description available...
10h ago from Motorsport.com
Bagnaia 50-50 on new Ducati MotoGP engine amid...
No description available...
12h ago from Motorsport.com
Fernandez set for return in Thailand MotoGP test after...
No description available...
8h ago from Motorsport.com
Aprilia and Michelin at odds over cause of Martin’s...
No description available...
13h ago from Motorsport.com
Popular On IndyCarToday.com
Power sets goal of five move competitive years in...
Will Power is one of the NTT IndyCar Series’ longest tenured drivers,...
3h ago from MotorsportWeek.c...
Conor Daly thinks IndyCar should race in Mexico and...
No description available...
1d ago from Motorsport.com
Andretti Global shows off new liveries for 2025...
Andretti Global has revealed a trio of new liveries for the team’s cars...
3d ago from MotorsportWeek.c...
Penske President Tim Cindric to reduce leadership role
Team Penske announced on Friday afternoon that long-time President Tim...
6d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Fourmaux to keep ‘head on shoulders’ after...
No description available...
1w ago from Motorsport.com
Solberg handed penalty for drifting on Monaco GP...
No description available...
1w ago from Motorsport.com
The five big takeaways from the WRC Rally Monte Carlo
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Arsenal planning to spend big in the summer transfer...
No description available...
5h ago from SportsKeeda.com
Real Madrid hold talks with 60m rated star wanted by...
No description available...
7h ago from SportsKeeda.com
Arsenal and Liverpool keeping tabs on 23-year-old star...
No description available...
9h ago from SportsKeeda.com
Myles Lewis-Skelly: Arsenal star currently 'England's...
Arsenal's rising star Myles Lewis-Skelly is the best English left-back in...
8h ago from SportsMole.co.uk
Comments
Hottest News
Hamilton deal in TRILLION dollar boost as world champ...
A partnership with seven-time Formula 1 champion... Read More »
1h ago from GPFans.com
Aston Martin unveil STUNNING 2025 car design after Newey...
Aston Martin have unveiled a new challenger for... Read More »
15h ago from GPFans.com
Hamilton honors Mercedes staff with special 3,000-piece gift
Lewis Hamilton's 12-year reign with the... Read More »
6h ago from F1i.com
