News Details
Carey’s salary based on F1’s financial results, says Liberty
Formula 1 CEO Chase Carey’s remuneration is heavily tied to the financial performance of the organisation he runs, Liberty Media has confirmed. The news comes as Liberty’s overall results showed that in April to June F1 earned revenues of $616m, up 3 percent on the equivalent period last year, when Bernie Ecclestone was still in charge. However, operating income fell from $90m to $45m, a drop of 50 percent, as operating expenses and others costs rose. Expanding on Carey’s arrangements Liberty boss Greg Maffei noted: “We don’t plan to publish his contract, but I did want to share with you the fact that the substantial majority of Chase’s compensation is performance related, and...
Full Story »
Full Story »
7y ago from Motorsport.com
0
You May Also Be Interested In...
Mazepin very much on Force India’s watchlist
It looks like Russian Nikita Mazepin will continue to be associated with...
7y ago from Motorsport.com
Hulkenberg: Kubica "quite impressive" in...
Nico Hulkenberg says he was impressed by Robert Kubica completing over 140...
7y ago from Motorsport.com
F1 has a ‘5-year-plan’ for United States – Chase...
Chase Carey says he will not rush to set up a second race in the United...
7y ago from ThisIsF1.com
Haas: Right approach to 2016 prevented sophomore slump
The Haas Formula 1 team says its 2017 results show its tactic of an early...
7y ago from Motorsport.com
Elsewhere On The Network
Popular On MGPToday.com
How Aprilia and KTM are closer to Yamaha and Honda...
No description available...
11h ago from Motorsport.com
MotoGP bans 2027-spec bike tests until conclusion of...
No description available...
1d ago from Motorsport.com
Marc Marquez cruises to MotoGP Sprint victory at Jerez
Ducati’s Marc Marquez cantered to a record-equalling fifth consecutive...
2d ago from MotorsportWeek.c...
MotoGP teams agree on new rule for riders returning...
No description available...
2d ago from Motorsport.com
Popular On IndyCarToday.com
Robert Shwartzman still working to understand ‘very...
Robert Shwartzman is one of rookie three drivers racing in IndyCar this...
14h ago from MotorsportWeek.c...
Arrow McLaren extends partnership with RJ Reynolds
Arrow McLaren announced on Tuesday that it has extended its Primary...
1d ago from MotorsportWeek.c...
Scott McLaughlin on Alex Palou's supreme form:...
No description available...
1d ago from Motorsport.com
The game-changing decision that put Christian...
No description available...
2d ago from Motorsport.com
Popular On TotalWRC.com
Who is potential FIA presidential candidate Carlos...
No description available...
12h ago from Motorsport.com
Exclusive: Carlos Sainz Sr explains why “now is the...
No description available...
10h ago from Motorsport.com
Exclusive: Carlos Sainz Sr considering run for FIA...
No description available...
15h ago from Motorsport.com
WRC fan experience to be improved via service park...
No description available...
16h ago from Motorsport.com
Popular On GunnersToday.com
PSG (3) 2-1 (1) Arsenal: Lighthearted Luis Enrique...
Luis Enrique jokes that his Paris Saint-Germain side come from the 'league...
3h ago from SportsMole.co.uk
PSG (3) 2-1 (1) Arsenal: Gunners set new unwanted club...
Arsenal set a new unwanted club record following their elimination from...
3h ago from SportsMole.co.uk
Video: Ally McCoist left speechless after crucial...
Arsenal crashed out of the Champions League on Wednesday after a 2-1...
5h ago from CaughtOffside.com
The Verdict: What is next for Arsenal after yet...
Sky Sports' Gary Cotterill is joined by The Independent's Miguel Delaney...
3h ago from SkySports.com
Comments
Hottest News
Horner rumours follow Oakes' Alpine resignation
May 7 Rumours are already swirling after Alpine... Read More »
13h ago from OneStopStrategy.com
F1 Today: Lewis Hamilton heading for Ferrari crisis as team...
Lewis Hamilton’s dream F1 marriage with Ferrari... Read More »
22h ago from GPFans.com
McLaren F1 star's grand prix celebration criticised... by...
Oscar Piastri's victory celebrations at the Miami... Read More »
5h ago from GPFans.com
