News Details

New F1 owner Liberty hints Ferrari to lose $100m bonus

New F1 owner Liberty hints Ferrari to lose $100m bonus F1's new owner Liberty Media has indicated it is serious about taking away the $100 million bonus received by Ferrari each year. Christian Sylt, an F1 business journalist, wrote in Forbes that the extra money received by the fabled Italian team on the basis of its status and history is double that given to Manor, which could collapse prior to the 2017 season. Liberty CEO Greg Maffei indicates the situation is set to stop. 'Thinking about balancing the team payments, so they're a little more balanced and creates more fairness, has to be weighed – in Ferrari's mind, I would expect – by the fact that creating a great platform...
Full Story »
8y ago from ThisIsF1.com 0
Share

You May Also Be Interested In...

Liberty look to cut Ferrari's $100-million annual bonus

Formula 1's new owners Liberty Media are set to take on Ferrari by...
8y ago from GrandPrix247.com

Liberty could scrap Ferrari's $100m bonus

Formula 1's soon-to-be-owners Liberty Media have warned that Ferrari...
8y ago from PlanetF1.com

Liberty considers cutting Ferrari's £80m bonus

This week Liberty Media's shareholders voted to take over F1 in a move...
8y ago from Pitpass.com

Liberty takes aim at Ferrari's $100m bonus

 XPB Images Formula One's new owners Liberty Media Group are...
8y ago from F1i.com

Elsewhere On The Network

Popular On MGPToday.com

Francesco Bagnaia explains why it's ‘impossible'...

After failing to secure a podium at his Grand Prix at Mugello, Francesco...

Popular On IndyCarToday.com

IndyCar Road America – Race Results

Road America was the scene of this weekend’s IndyCar event, and high...

Popular On TotalWRC.com

Rallies around the world: The ones not to miss – and...

Rallying is unlike any other motorsport. It doesn’t unfold on pristine...

Popular On GunnersToday.com

5 replacements for Thomas Partey that Arsenal could...

The Athletic reported today that Arsenal will definitely seek a...
5h ago from FreshArsenal.com

Revealed: Jose Mourinho has spoken with Man Utd star...

Fenerbahce have made an offer to Manchester United attacking midfielder...
8h ago from CaughtOffside.com

2x Champions League winner to complete Arsenal...

Arsenal are reportedly closing in on the final details of the Kepa...
10h ago from CaughtOffside.com

'Heartbroken' Arsenal target has informed club of...

Transfer journalist Fabrizio Romano has provided an update on the...
10h ago from CaughtOffside.com

Comments

Hottest News

I was an F1 star and I won Le Mans six times, but I just...

Jacky Ickx is a name that belongs in the list of... Read More »
1h ago from GPFans.com

Mercedes edge towards Max Verstappen decision after George...

George Russell has given his verdict on rumours... Read More »
1h ago from GPFans.com

Aston Martin STUNNED by Adrian Newey methods

2016 F1 world champion Nico Rosberg has suggested... Read More »
9h ago from GPFans.com

Recent News


2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.