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
Jorge Martin suffers fractures in test crash to cast...
t;li>Aprilia rider hit the track face first as his helmet...
10h ago from TheGuardian.com
Why Honda's biggest critic was smiling after...
No description available...
9h ago from Motorsport.com
Maverick Vinales: Sepang MotoGP test is about...
Maverick Vinales shared his number one goal for the Sepang MotoGP test as...
7h ago from MotorsportWeek.c...
What to expect from Yamaha in the 2025 MotoGP season
The 2025 MotoGP season is set to be an important campaign for Yamaha as...
8h ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Conor Daly thinks IndyCar should race in Mexico and...
No description available...
5h ago from Motorsport.com
Andretti Global shows off new liveries for 2025...
Andretti Global has revealed a trio of new liveries for the team’s cars...
2d ago from MotorsportWeek.c...
Penske President Tim Cindric to reduce leadership role
Team Penske announced on Friday afternoon that long-time President Tim...
5d ago from MotorsportWeek.c...
Zak Brown: IndyCar "should slipstream on the back...
No description available...
1w ago from Motorsport.com
Popular On TotalWRC.com
Fourmaux to keep ‘head on shoulders’ after...
No description available...
6d ago from Motorsport.com
Solberg handed penalty for drifting on Monaco GP...
No description available...
1w ago from Motorsport.com
The five big takeaways from the WRC Rally Monte Carlo
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Newcastle beat Arsenal to reach second Carabao Cup...
Newcastle reached the Carabao Cup final for the second time in three...
50m ago from SkySports.com
Gabriel Martinelli injury: How long could Arsenal...
Sports Mole looks at how long Gabriel Martinelli could be sidelined for...
30m ago from SportsMole.co.uk
Newcastle 2-0 Arsenal (4-0 agg): Gunners' Player...
No description available...
30m ago from SportsKeeda.com
Newcastle (4) 2-0 (0) Arsenal: Highlights, man of the...
Newcastle United claim a 2-0 second leg victory in their EFL Cup...
30m ago from SportsMole.co.uk
Comments
Hottest News
Leclerc admittedly faster than teammate Hamilton on second...
On Wednesday, Ferrari and McLaren completed a... Read More »
5h ago from GPBlog.com
F1 team hint BRITISH livery switch as new car announced
A Formula 1 team has hinted at a... Read More »
5h ago from GPFans.com
Many ambiguities, but this is what Hamilton's Ferrari test...
Lewis Hamilton was just faster than his teammate... Read More »
7h ago from GPBlog.com
