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
The consequences of Toprak Razgatlioglu's arrival in...
No description available...
13h ago from Motorsport.com
Joan Mir will ‘go to bed satisfied' after...
Joan Mir admitted that he will "go to bed satisfied" after...
16h ago from MotorsportWeek.c...
Superbike legend Toprak Razgatlioglu signs with Pramac...
No description available...
1d ago from Motorsport.com
WorldSBK champion Toprak Razgatlioglu switches to...
After years of speculation, two-time WorldSBK champion Toprak...
1d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Louis Foster gains new sponsor for rest of IndyCar...
Rahal Letterman Lanigan Racing rookie Louis Foster will sport a new look...
1d ago from MotorsportWeek.c...
AJ Foyt Racing fined $25K, lose championship points...
No description available...
1w ago from Motorsport.com
Santino Ferrucci issued post-race penalty but keeps...
The NTT IndyCar Series has issued a penalty to the #14 entry of Santino...
1w ago from MotorsportWeek.c...
Louis Foster reveals likely cause of scary 180MPH...
On lap 84 of Sunday’s Detroit Grand Prix, Louis Foster was involved in...
1w ago from MotorsportWeek.c...
Popular On TotalWRC.com
FIA approves updated bodywork rules for WRC 2027...
No description available...
1d ago from Motorsport.com
Sebastien Ogier stays aloof from WRC title fight...
No description available...
3d ago from Motorsport.com
Amid losing streak, Hyundai accepts “consequences”...
No description available...
4d ago from Motorsport.com
Popular On GunnersToday.com
Real Madrid Transfer News Roundup: Arsenal want...
Real Madrid are looking ahead to the FIFA Club World Cup, which starts on...
57m ago from SportsKeeda.com
Arsenal looking to leapfrog Manchester United in bid...
Arsenal are actively looking to beat Manchester United and other...
11h ago from SportsKeeda.com
Arsenal target rejected chance to join Saudi club...
Benjamin Sesko has reportedly turned down a move to the Saudi Pro League...
15h ago from SportsKeeda.com
No offers received for Gyokeres, says Sporting...
Sporting have not received any offers for Viktor Gyokeres and the striker...
16h ago from SkySports.com
Comments
Hottest News
The penalty tightrope Verstappen now walks to avoid race ban
This weekend's Canadian Grand Prix marks the... Read More »
57m ago from SkySports.com
Start time of 2025 F1 Canadian GP
F1 heads to North America for Round 10 of the... Read More »
2h ago from RacingNews365.com
Lando Norris makes firm Oscar Piastri claim as title fight...
The McLaren driver has explained about his... Read More »
36m ago from RacingNews365.com