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
Why 2026 is the right time for Ducati to field six...
No description available...
2h ago from Motorsport.com
Fabio Quartararo pushes for Yamaha V4, blames gap to...
No description available...
4h ago from Motorsport.com
Lap times revealed from Ducati's Balaton Park test...
No description available...
22h ago from Motorsport.com
Marc Marquez shares initial reaction to new MotoGP...
Marc Marquez shared his verdict on the new Balaton Park MotoGP circuit...
1d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Nolan Siegel predicts new Arrow McLaren shop will...
Arrow McLaren recently announced details for its new IndyCar race shop,...
3m ago from MotorsportWeek.c...
Alex Palou claims FOX’s investment will be...
No description available...
1d ago from Motorsport.com
How Palou can clinch his fourth IndyCar championship...
Alex Palou is the man of the moment in IndyCar, and currently holds a 121...
1d ago from MotorsportWeek.c...
FOX Corporation acquires one-third stake in IndyCar...
No description available...
1w ago from Motorsport.com
Popular On TotalWRC.com
Future second Asian/Pacific event behind WRC calendar...
No description available...
2d ago from Motorsport.com
Sebastien Ogier sets sights on WRC 2025 title push
No description available...
3d ago from Motorsport.com
Kalle Rovanpera relieved to finally achieve...
No description available...
3d ago from Motorsport.com
WRC Rally Finland: Kalle Rovanpera takes historic home...
No description available...
4d ago from Motorsport.com
Popular On GunnersToday.com
Alan Shearer predicts where Liverpool, Arsenal,...
Newcastle United legend Alan Shearer has predicted the finishing...
34m ago from SportsKeeda.com
Isak Liverpool, Eze Arsenal: 12 major transfer sagas...
Although the start of the new Premier League season doesn't coincide with...
1h ago from CaughtOffside.com
Real Madrid agree to sell Rodrygo to Arsenal if...
Real Madrid are reportedly ready to sell Rodrygo to Arsenal if they can...
2h ago from SportsKeeda.com
Ballon d'Or 2025 nominees confirmed: Liverpool,...
The nominations for this year's Ballon d'Or are in, with some big names at...
24m ago from CaughtOffside.com
Comments
Hottest News
Red Bull star backed to replace Lewis Hamilton in 'nasty'...
Bernie Ecclestone has forwarded two potential... Read More »
3h ago from RacingNews365.com
McLaren urged to hold serious discussion to avoid a...
Ralf Schumacher thinks Lando Norris and Oscar... Read More »
1h ago from RacingNews365.com
The tempting Lewis Hamilton F1 switch that could destroy...
Seven-time F1 champion Lewis Hamilton could be... Read More »
3h ago from GPFans.com
