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 »
8y ago from Motorsport.com 0
Share

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...
8y ago from Motorsport.com

Hulkenberg: Kubica "quite impressive" in...

Nico Hulkenberg says he was impressed by Robert Kubica completing over 140...
8y 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...
8y 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...
8y ago from Motorsport.com

Elsewhere On The Network

Popular On MGPToday.com

Joan Mir tops final Catalunya MotoGP practice session

Honda rider Joan Mir topped the timesheets in the second MotoGP practice...

Alex Marquez secures first pole this season in...

Gresini rider Alex Marquez secured his first pole position this season...
31m ago from MotorsportWeek.c...

Popular On IndyCarToday.com

Rinus VeeKay separates from Dale Coyne Racing

Rinus VeeKay will not race with Dale Coyne Racing next season after...

Colton Herta leaves IndyCar to pursue F1 with Cadillac...

The Cadillac F1 Team has announced that it has hired IndyCar star Colton...

Popular On TotalWRC.com

Popular On GunnersToday.com

Saturday round-up: Lost words, Gyokeres builds fitness

Morning. Apologies today's blog is a little later than usual. I woke up...
2h ago from Arseblog.com

Arsenal plot surprise decision after ‘smart...

Arsenal handed a new contract to Belgian attacker Leandro Trossard last...
20h ago from CaughtOffside.com

'Clause only for Liverpool' revealed as Reds have edge...

Liverpool have the edge over Premier League rivals such as Chelsea and...
1d ago from CaughtOffside.com

Sources: Tottenham to try again for 50m Arsenal target...

Tottenham are continuing to show a strong interest in a potential transfer...
1d ago from CaughtOffside.com

Comments

Hottest News

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.