News Details
Liberty set to offer teams advance on payments after revenue drop
Liberty Media is set to offer Formula 1 teams an advance on payments in order to make up for a recent revenue shortfall, according to Red Bull chief Christian Horner. Sunday's Abu Dhabi Grand Prix marks the last race of Liberty's first full season running F1, having completed its $8.8 billion takeover in January. Investment from Liberty in areas such as infrastructure and marketing has resulted in a drop of revenue that was confirmed to investors earlier this month, leading to reduce pay-out to teams as a result. Related Articles LIVE: Abu Dhabi Grand Prix - FP3 Russell eager to keep working with Force India alongside F2 in 2018 Horner wants McLaren to reverse F1 veto on fin for 2018...
Full Story »
Full Story »
You May Also Be Interested In...
Liberty Media offer cash advances to cushion blow to...
Commercial rights holder Liberty Media has offered Formula 1 teams cash...
7y ago from GrandPrix247.com
As revenues fall, Liberty offers teams interest-free...
As previously reported, in the nine months to September, the prize money...
7y ago from Pitpass.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
What Trackhouse saw in Ogura that made him a surprise...
No description available...
2h ago from Motorsport.com
KTM compares Pedro Acosta's MotoGP approach to...
KTM Motorsport Director Pit Beirer compared Pedro Acosta's approach to...
3h ago from MotorsportWeek.c...
Three Ducati riders rode with ‘updated’ 2025...
A spokesperson for Ducati has revealed three of its riders raced at the...
2d ago from MotorsportWeek.c...
How Marc Marquez and Valentino Rossi share similar...
TNT Sports pundit Neil Hodgson says Marc Marquez can “manipulate”...
3d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
FOX working to bring Kentucky Derby-style betting to...
This past weekend FOX produced its first IndyCar broadcast of a new...
2d ago from MotorsportWeek.c...
Ticket design for 109th Indianapolis 500 revealed
Indianapolis Motor Speedway has pulled back the curtain on the ticket...
3d ago from MotorsportWeek.c...
IndyCar’s FOX network debut increased viewership by...
FOX Sports has released viewership numbers for the opening round of the...
5d ago from MotorsportWeek.c...
The winners and losers of 2025’s IndyCar season...
No description available...
1w ago from Motorsport.com
Popular On TotalWRC.com
FIA steps in after WRC fuel supplier goes into...
No description available...
1h ago from Motorsport.com
Meet Claire Schonborn, the engineer turned WRC...
No description available...
2d ago from Motorsport.com
WRC drivers follow F1 in statement to FIA president
World Rally Championship drivers have penned a strongly-worded statement...
2w ago from MotorsportWeek.c...
WRC drivers call on FIA president for “urgent...
No description available...
2w ago from Motorsport.com
Popular On GunnersToday.com
Andrea Berta set to join Arsenal as club’s new...
t;li>53-year-old Italian left Atlético Madrid in JanuaryBerta has vast...
58m ago from TheGuardian.com
Player ratings: Man Utd 1-1 Arsenal
Arsenal fought back to draw at Manchester United on Sunday, but the...
4h ago from FreshArsenal.com
Report: Liverpool target ‘intelligent' forward...
Liverpool are reportedly setting their sights on bolstering their...
4h ago from CaughtOffside.com
Comments
Hottest News
Esteban Ocon recalls ‘initial shock' with Ferrari F1...
Esteban Ocon has recounted how he experienced an... Read More »
3h ago from MotorsportWeek.com
Gary Anderson sounds alarm on Ferrari’s SF-25
ormer F1 designer Gary Anderson has cast doubt on... Read More »
2h ago from F1i.com
Newey admits taking race winning designs to new F1 team
Formula 1 design legend Adrian Newey has admitted... Read More »
1h ago from GPFans.com
