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
Francesco Bagnaia explains why it's ‘impossible'...
After failing to secure a podium at his Grand Prix at Mugello, Francesco...
1d ago from MotorsportWeek.c...
Aprilia to run “special test” for Jorge Martin...
No description available...
1d ago from Motorsport.com
Watch: “Feels like yesterday” - Alex Criville...
No description available...
1d ago from Motorsport.com
Francesco Bagnaia admits it is impossible to think...
No description available...
3d ago from Motorsport.com
Popular On IndyCarToday.com
Malukas’ recovery drive secures Foyt’s best team...
During Sunday’s IndyCar race at Road America, David Malukas was the...
1d ago from MotorsportWeek.c...
Winners and Losers from IndyCar’s Road America...
No description available...
3d ago from Motorsport.com
How a “grumpy” Alex Palou ended up thankful for...
No description available...
2d ago from Motorsport.com
IndyCar Road America – Race Results
Road America was the scene of this weekend’s IndyCar event, and high...
3d ago from MotorsportWeek.c...
Popular On TotalWRC.com
How Carlos Sainz Sr's withdrawal will impact the FIA...
No description available...
12m ago from Motorsport.com
Rallies around the world: The ones not to miss – and...
Rallying is unlike any other motorsport. It doesn’t unfold on pristine...
1w ago from MotorsportWeek.c...
Malcolm Wilson appointed as FIA Deputy president for...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Collymore's column: Alejandro Garnacho disrespected...
In his exclusive column for CaughtOffside, former Liverpool and England...
3h ago from CaughtOffside.com
Real Madrid Transfer News Roundup: Los Blancos yet to...
Real Madrid travel to the Lincoln Financial Field on Thursday, June 26, to...
3h ago from SportsKeeda.com
Norgaard in, Partey out?
Morning all. Wherever you are in the world, I hope you're doing ok today....
2h ago from Arseblog.com
Liverpool make surprise move to sign Arsenal and...
Liverpool have reportedly entered the race to sign Arsenal and Manchester...
8h ago from SportsKeeda.com
Comments
Hottest News
Rosberg hints at reason behind Mercedes’ delay with...
As the 2025 Formula 1 season nears the end of its... Read More »
1h ago from F1i.com
Ferrari reveal secret behind significant F1 improvement
Ferrari has been transformed in a crucial F1 area... Read More »
1h ago from RacingNews365.com
Sergio Perez takes aim at Red Bull as axed F1 star lets...
Sergio Perez has spoken out about his Red Bull... Read More »
52m ago from GPFans.com
