News Details
Liberty tells teams "no free lunches" over $43m income drop
Formula 1 chairman Chase Carey says teams must understand that there are "no free lunches" when it comes to making the sport bigger, amid unease about a $43 million fall in their prize money pot. A number of outfits have expressed concern about an unprecedented drop in the commercial rights income for the most recent quarter. In recent financial documents, the pool of income to be shared out among teams will be $273 million (USD), which is 13 percent lower than the same period last year, when it came in at $316 million. Carey is well aware that such a fall is not what teams want in the short term, but he insists that without investing in the sport, there is no way that Liberty...
Full Story »
Full Story »
7y ago from Motorsport.com
0
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
Teams get advance payment from Liberty after revenue...
Formula 1's owners will provide teams with an advance on their prize...
7y ago from F1i.com
Haas needs to raise the lower bar in 2018 - Magnussen
Kevin Magnussen says Haas should target improved consistency for next...
7y ago from F1i.com
Hulkenberg's sixth-place worth $8.5-million to Renault
Nico Hulkenberg gave Renault a multi-million-dollar boost for next year...
7y ago from GrandPrix247.com
Elsewhere On The Network
Popular On MGPToday.com
Why MotoGP riders miss having Marc Marquez on the grid
No description available...
9h ago from Motorsport.com
Yamaha to race new V4 frame at Valencia MotoGP
No description available...
13h ago from Motorsport.com
Jorge Martin hit with penalty for planned MotoGP...
No description available...
15h ago from Motorsport.com
Popular On IndyCarToday.com
Ryan Hunter-Reay joins Arrow McLaren for 2026...
No description available...
11h ago from Motorsport.com
Ryan Hunter-Reay joins Arrow McLaren for 2026 Indy 500
Arrow McLaren has announced that veteran Ryan Hunter-Reay will join the...
11h ago from MotorsportWeek.c...
RLL locks in Louis Foster with extended IndyCar...
Rahal Letterman Lanigan Racing has announced an extension to its contract...
1d ago from MotorsportWeek.c...
AJ Foyt Racing expands veteran support program to full...
AJ Foyt Racing has announced that its successful Homes For Our Troops...
2d ago from MotorsportWeek.c...
Popular On TotalWRC.com
What Toyota expects from 2026 WRC signing Oliver...
No description available...
3d ago from Motorsport.com
Hyundai already working on “Plan B” for 2026 WRC...
No description available...
4d ago from Motorsport.com
Oliver Solberg lands factory Toyota Rally1 drive
We called it after Oliver Solberg clinched his WRC2 title in Chile....
3d ago from MotorsportWeek.c...
Popular On GunnersToday.com
'We're talking about…': Arsenal player opens up...
Arsenal striker Gabriel Jesus has been linked with a move away from the...
5h ago from CaughtOffside.com
Arsenal, Liverpool join auction for star with just 452...
Real Madrid attacker Rodrygo Goes has been linked with a move away from...
9h ago from CaughtOffside.com
Chelsea legend Didier Drogba accepts challenge set by...
Chelsea icon Didier Drogba has accepted a challenge set by Arsenal legend...
10h ago from SportsKeeda.com
Report: Arsenal ready to sell star to Euro giants if...
Arsenal would reportedly be ready to sanction the surprise sale of...
11h ago from CaughtOffside.com
Comments
Hottest News
Perez tests black Ferrari ahead as part of Cadillac...
Sergio Perez is back in Formula 1 machinery for... Read More »
2h ago from GrandPrix247.com
Hulkenberg only driver to skip Vettel's tree project
Nov.13 Only one of the 20 Formula 1 drivers took... Read More »
1h ago from OneStopStrategy.com
Guenther Steiner says this F1 star should replace Lewis...
Former Haas F1 team principal Guenther Steiner... Read More »
6h ago from GPFans.com
