News Details
Teams get advance payment from Liberty after revenue drop
Formula 1's owners will provide teams with an advance on their prize money payment as compensation for the sport's drop in profit in 2017. As it concludes its first year at the helm of F1, Liberty Media continues to invest in several areas of the sport, boosting its staff, building or improving its infrastructure and undertaking large promotional events. The various investments have led to a short-fall in revenue for the teams, with prize money falling by £31m this year compared to 2016. Red Bull Racing's Christian Horner accepts Liberty Media's investment approach and the temporary drop in revenue it entails for the teams. "The model that they have, compared to the previous...
Full Story »
Full Story »
You May Also Be Interested In...
Liberty set to offer teams advance on payments after...
Liberty Media is set to offer Formula 1 teams an advance on payments in...
7y ago from Crash.net
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
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
Carey: New F1 logo to provide a fresh energy
Formula 1 will unveil a new logo after Sunday's season finale Abu Dhabi...
7y ago from GrandPrix247.com
Elsewhere On The Network
Popular On MGPToday.com
KTM will continue with MotoGP in 2027 “if we can...
No description available...
6h ago from Motorsport.com
Francesco Bagnaia must “stop the bleeding” of...
No description available...
11h ago from Motorsport.com
Luca Marini injured in Suzuka fall, Ai Ogura undergoes...
No description available...
10h ago from Motorsport.com
Marc Marquez admits he ‘needs to work on mistakes’...
Marc Marquez admits he and younger brother Alex Marquez "were the...
1d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Andretti Global belatedly accepts Indy 500 post-race...
Two Andretti Global entries were among the cars that received post-race...
6h ago from MotorsportWeek.c...
Veteran engineer Michael Cannon returns to Dale Coyne...
Dale Coyne Racing has announced that it has re-hired expert engineer...
2d ago from MotorsportWeek.c...
Three drivers lose Indy 500 finishing positions after...
The NTT IndyCar Series has penalized three drivers following the...
3d ago from MotorsportWeek.c...
Andretti Global, Prema Racing issued suspensions and...
No description available...
4d ago from Motorsport.com
Popular On TotalWRC.com
WRC: Sebastien Ogier confirms entry to the Acropolis...
No description available...
2h ago from Motorsport.com
Co-driver dies after crash during Jim Clark rally in...
Roberts, 39, was pronounced dead at the scene near Duns in the Scottish...
6d ago from TheGuardian.com
Rally Portugal criticism causes WRC, FIA to address...
No description available...
1w ago from Motorsport.com
WRC signs new deal to race in Portugal until at least...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Joan Garcia: Arsenal can repeat Liverpool transfer...
Arsenal may struggle to win the race for Espanyol goalkeeper Joan Garcia...
7h ago from SportsMole.co.uk
Leroy Sane latest: Arsenal, Spurs suffer transfer...
Arsenal and Tottenham Hotspur are dealt a blow in their pursuit of Bayern...
3h ago from SportsMole.co.uk
Arsenal and Man United suffer free transfer blow as...
Lille striker Jonathan David is supposedly close to an agreement on...
5h ago from SportsMole.co.uk
Manchester United rival Liverpool & Arsenal for...
Manchester United are reportedly ready to rival Liverpool, Arsenal and...
7h ago from CaughtOffside.com
Comments
Hottest News
Helmut Marko issues pecking order verdict after Spanish...
The first day of running since the introduction... Read More »
2h ago from RacingNews365.com
2025 F1 Spanish Grand Prix - Free Practice 2 results
Check out the full, all-important results from... Read More »
4h ago from RacingNews365.com
Lewis Hamilton hints at problem exacerbating Ferrari...
A frustrated Lewis Hamilton hinted at... Read More »
2h ago from MotorsportWeek.com
