News Details
Liberty takes aim at Ferrari's $100m bonus
XPB Images
Formula One's new owners Liberty Media Group are targeting some of Ferrari's unique perks for competing in the sport, including their guaranteed $100 million annual prize pay-out. Ferrari is the only team which has competed in the championship ever since it began in 1950, and as a result has built up a number of financial and organisation benefits. Ferrari receives at least $100 million in prize money each year compared with backmarkers Manor and Sauber who receive only half that amount, according to Forbes business magazine. But Liberty wants to see a more even playing field in the sport and is aiming to reverse some of the benefits accrued by Ferrari and other top...
Full Story »
Full Story »
You May Also Be Interested In...
Liberty Media shareholders approve F1 takeover
Liberty Media Corp announced that its shareholders voted to approve...
8y ago from GrandPrix247.com
Liberty Media urges teams to have a vested interest in...
©WRI2
Liberty Media, or the Formula One Group as we should now call it,...
8y ago from F1i.com
FIA approves Liberty Media's acquisition of Formula 1
The FIA has approved the acquisition of Formula 1 by Liberty Media...
8y ago from MotorsportWeek.com
Liberty Media stockholders approve proposals for F1...
Liberty Media has crept closer to its takeover of Formula 1 after...
8y ago from MotorsportWeek.com
Elsewhere On The Network
Popular On MGPToday.com
The long-standing records Marquez and Bagnaia can...
No description available...
19h ago from Motorsport.com
Jorge Martin's opening ‘four' MotoGP races with...
Aprilia targets Jorge Martin's opening four MotoGP races with the team...
1d ago from MotorsportWeek.c...
Pierer Industrie AG avoids insolvency, decision on KTM...
No description available...
1d ago from Motorsport.com
Creditors approve Pierer Industrie AG restructuring...
It has been revealed that creditors have approved Pierer Industrie AG's...
1d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Team Penske quickest in final IndyCar test day
The NTT IndyCar Series held its second and final preseason open test day...
4d ago from MotorsportWeek.c...
IndyCar tire allocations, practice rules updated for...
IndyCar has announced multiple updates to rules regarding use of the...
3d ago from MotorsportWeek.c...
Pato O’Ward fastest in first day of IndyCar...
The entire NTT IndyCar Series paddock set up shop in Sebring, Florida on...
5d ago from MotorsportWeek.c...
Pit lane speed adjustments made for 2025 IndyCar season
The NTT IndyCar Series has announced a few changes for the upcoming 2025...
4d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Elfyn Evans wins Rally Sweden by a whisker
Super Sunday on Rally Sweden was just that! After 300km of hard racing,...
6d ago from MotorsportWeek.c...
WRC women's driver development programme winner...
No description available...
6d ago from Motorsport.com
Elfyn Evans under pressure on Rally Sweden –...
Elfyn Evans and Scott Martin maintained their lead on Rally Sweden after...
1w ago from MotorsportWeek.c...
Fourmaux fined for swearing on WRC TV broadcast
No description available...
6d ago from Motorsport.com
Popular On GunnersToday.com
Arsenal's Myles Lewis-Skelly breaks unwanted Premier...
Arsenal's Myles Lewis-Skelly sets an unwanted Premier League record with...
8h ago from SportsMole.co.uk
Arsenal, Mikel Arteta defended amid striker crisis as...
Arsenal legend Ray Parlour explains to Sports Mole why the Gunners not...
9h ago from SportsMole.co.uk
Arsenal-West Ham lineups confirmed as Mikel Arteta...
Arsenal and West Ham United confirm their starting lineups for Saturday's...
17h ago from SportsMole.co.uk
Comments
Hottest News
F1 News Today: Verstappen blasts London fans as FIA take...
Max Verstappen will reportedly boycott the UK... Read More »
48m ago from GPFans.com
Marko delivers Lawson clear Red Bull target
Liam Lawson has scored six points across his 11... Read More »
48m ago from RacingNews365.com
Jos Verstappen reveals Red Bull 'worry' as crucial moment...
Red Bull will reveal its 2025 Formula 1 car next... Read More »
1h ago from RacingNews365.com
