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...
8y 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...
8y ago from Motorsport.com
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
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
Enea Bastianini ‘can’t explain’ KTM tyre...
Enea Bastianini admitted he “can’t explain why” he struggled to...
15h ago from MotorsportWeek.c...
What was behind Enea Bastianini's worst season in...
No description available...
18h ago from Motorsport.com
Fernando Alonso: No normal person could achieve what...
No description available...
1d ago from Motorsport.com
Motorsport Week's Top 10 MotoGP riders of 2025
The 2025 MotoGP season had it all. With 22 rounds and 44 races, the...
3d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Top five memorable drives of the 2025 IndyCar season
No description available...
14h ago from Motorsport.com
Race start times for 2026 IndyCar season announced
The NTT IndyCar Series has announced the race broadcast start times for...
1w ago from MotorsportWeek.c...
Chip Ganassi Racing completes four-car roster for 2026...
No description available...
1w ago from Motorsport.com
Popular On TotalWRC.com
Dakar 2026: Full route, schedule and marathon stage...
No description available...
2d ago from Motorsport.com
Why Hyundai expects to be stronger in WRC 2026
No description available...
5d ago from Motorsport.com
Red Bull co-owner Mark Mateschitz to enter Dakar...
No description available...
6d ago from Motorsport.com
Popular On GunnersToday.com
Arsenal vs Aston Villa Prediction and Betting Tips |...
The Premier League is back in action with another round of matches this...
10h ago from SportsKeeda.com
“There’s nothing special in our squad” - Arsenal...
Arsenal manager Mikel Arteta has admitted that the club are not ruling out...
13h ago from SportsKeeda.com
Can 'tactical genius' Emery get the better of Arteta...
Unai Emery says going to Arsenal on Tuesday night is Aston Villa's...
12h ago from SkySports.com
Antoine Semenyo informs Premier League club of his...
Antoine Semenyo has dominated the transfer news waves in recent weeks,...
15h ago from CaughtOffside.com
Comments
Hottest News
Oscar Piastri makes Lando Norris prediction after...
Oscar Piastri has laid out how he expects his... Read More »
20m ago from RacingNews365.com
Fernando Alonso goes public as F1 champion shares picture...
Aston Martin F1 star Fernando Alonso has finally... Read More »
8h ago from GPFans.com
Ford gives Max Verstappen good news as Ferrari take drastic...
Check out all the biggest stories of the day with... Read More »
8h ago from RacingNews365.com
