News Details
Liberty Media offer cash advances to cushion blow to teams
Commercial rights holder Liberty Media has offered Formula 1 teams cash advances to cushion the blow of reduced revenues caused by increased investment in the sport, Red Bull team boss Christian Horner revealed on Friday in Abu Dhabi. US-based Liberty took over Formula 1 in January and has been spending on infrastructure and putting a marketing operation in place. Horner told reporters at the season-ending Abu Dhabi Grand Prix that the rights holder had made 'a very generous offer, to those teams that want to take it.' He said Liberty would 'effectively advance monies to ensure that the money next year available to the teams is the same as this year…on an interest-free basis.'...
Full Story »
Full Story »
8y ago from GrandPrix247.com
0
You May Also Be Interested In...
As revenues fall, Liberty offers teams interest-free...
As previously reported, in the nine months to September, the prize money...
8y ago from Pitpass.com
F1 shark fins banned for 2018
Formula 1 cars are set to lose their prominent ‘shark fins’ style...
8y ago from GrandPrix247.com
Liberty eyes F1 track changes to improve racing
Max Verstappen does not think Liberty Media should push for fundamental...
8y ago from ThisIsF1.com
Carey: New F1 logo to provide a fresh energy
Formula 1 will unveil a new logo after Sunday's season finale Abu Dhabi...
8y ago from GrandPrix247.com
Elsewhere On The Network
Popular On MGPToday.com
Aleix Espargaro quits pro cycling after injuries...
No description available...
11h ago from Motorsport.com
FBI seizes $40m collection, including MotoGP bikes,...
No description available...
1d ago from Motorsport.com
Brad Binder reveals why he is optimistic he can bounce...
Factory KTM rider Brad Binder has admitted that his 2025 MotoGP season...
1d ago from MotorsportWeek.c...
Jorge Martin never thought ‘Why is this happening to...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Scott Dixon awarded prestigious New Zealand honor
To close out 2025, one of IndyCar’s most decorated drivers was awarded...
8h ago from MotorsportWeek.c...
Exclusive: Nolan Siegel on hot seat entering contract...
No description available...
1d ago from Motorsport.com
Top five memorable drives of the 2025 IndyCar season
No description available...
2d ago from Motorsport.com
Popular On TotalWRC.com
Sebastien Ogier pays tribute to WRC rival that...
No description available...
12h ago from Motorsport.com
Dakar 2026: Full route, schedule and marathon stage...
No description available...
4d ago from Motorsport.com
Red Bull co-owner Mark Mateschitz to enter Dakar...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Jamie Carragher labels Arsenal star as ‘most...
Liverpool legend Jamie Carragher has named Arsenal defender Gabriel...
12h ago from SportsKeeda.com
Martin Ødegaard relocates his missing rhythm to...
uvenated by his goal on Saturday and free from injuries that have...
14h ago from TheGuardian.com
January transfer window 2026: what every Premier...
on Villa have a decision to make about Harvey Elliott, Brentford have...
14h ago from TheGuardian.com
Arsenal and Chelsea plotting move for Ligue 1's new...
Arsenal and Chelsea are interested in signing the Marseille attacker...
18h ago from CaughtOffside.com
Comments
Hottest News
RacingNews365 wishes you a happy and healthy 2026!
The entire editorial staff at RacingNews365... Read More »
2h ago from RacingNews365.com
Lewis Hamilton team-mate snubbed because of 'BIG NOSE'
A behind the scenes insight into Lewis Hamilton's... Read More »
4h ago from GPFans.com
Honda make noisy F1 return as Valtteri Bottas strips to his...
It's our final review of 2025, so catch up with... Read More »
5h ago from RacingNews365.com
