News Details
As revenues fall, Liberty offers teams interest-free advances
As previously reported, in the nine months to September, the prize money paid to the F1 teams fell by £31m with the prediction that the trend would continue for some time yet. There are various reasons for this, including the reduction in the number of races this year compared to 2016, however, new owners Liberty Media's failure to secure new sponsors combined with its spending on new offices, staff, promotions such as the London event, investment in the sport’s infrastructure and Ross Brawn's technical team have all had an impact. Rapidly becoming Liberty Media's 'teacher's pet', Red Bull's Christian Horner accepts the downturn in prize money - his team can afford it -...
Full Story »
Full Story »
7y ago from Pitpass.com
0
You May Also Be Interested In...
F1 to reveal brand new logo in Abu Dhabi
Formula One will reveals a new logo after Sunday’s season-ending Abu...
7y ago from ThisIsF1.com
F1 shark fins banned for 2018
Formula 1 cars are set to lose their prominent ‘shark fins’ style...
7y ago from GrandPrix247.com
Analysis: Why F1's $43 million prize money drop has...
As their prize money income takes a major hit for the first time in recent...
7y ago from Motorsport.com
Horner wants McLaren to reverse F1 veto on fin for 2018
Red Bull team principal Christian Horner is eager to persuade McLaren to...
7y ago from Crash.net
Elsewhere On The Network
Popular On MGPToday.com
Honda unveils all-new 2025 MotoGP livery after Repsol...
No description available...
14h ago from Motorsport.com
Honda exhibits 2025 MotoGP livery
Honda Racing Corporation is the latest team to exhibit its 2025 MotoGP...
14h ago from MotorsportWeek.c...
Yamaha and Pramac unveil 2025 MotoGP bikes in Kuala...
No description available...
1d ago from Motorsport.com
Yamaha and Pramac display 2025 MotoGP liveries
On Friday, Yamaha and its satellite team, Pramac Racing, displayed its...
1d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Penske President Tim Cindric to reduce leadership role
Team Penske announced on Friday afternoon that long-time President Tim...
1d ago from MotorsportWeek.c...
Team Penske's Tim Cindric steps back from his...
No description available...
1d ago from Motorsport.com
Zak Brown: IndyCar "should slipstream on the back...
No description available...
3d ago from Motorsport.com
PREMA completes first on-track IndyCar test session
PREMA Racing conducted its first on-track test session in IndyCar earlier...
2d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Fourmaux to keep ‘head on shoulders’ after...
No description available...
2d ago from Motorsport.com
The five big takeaways from the WRC Rally Monte Carlo
No description available...
5d ago from Motorsport.com
Solberg handed penalty for drifting on Monaco GP...
No description available...
6d ago from Motorsport.com
Popular On GunnersToday.com
Arsenal, Man United suffer fatal transfer blow as...
Wolverhampton Wanderers confirm that Arsenal and Manchester United-linked...
48m ago from SportsMole.co.uk
Premier League all time top scorers: Mo Salah...
Sports Mole lists the all-time leading goalscorers of the Premier League...
1h ago from SportsMole.co.uk
Bayern Munich provide Mathys Tel update after Man...
Bayern Munich sporting director Christoph Freund explains why Manchester...
5h ago from SportsMole.co.uk
Team News: Arsenal vs. Manchester City injury,...
Sports Mole rounds up all of the latest injury and suspension news ahead...
7h ago from SportsMole.co.uk
Comments
Hottest News
Horner breaks silence after SHOCK F1 axe
Christian Horner has broken his silence after the... Read More »
5h ago from GPFans.com
Ricciardo makes stunning announcement as F1 star’s...
Former Formula 1 star Daniel Ricciardo has... Read More »
1h ago from GPFans.com
Ricciardo reveals NEW destination in stunning season...
Former Formula 1 star Daniel Ricciardo has... Read More »
3h ago from GPFans.com
