News Details
Carey: 'No free lunches' as F1 invests to overcome short-termism
New Formula 1 CEO Chase Carey says that he's focussed on long-term expansion plans and warned teams of tougher times ahead, saying that there will be 'no free lunches'. Carey was quoted in an official Formula 1 interview after it emerged that this year's total prize fund was down £31m compared to 2016. The downturn is a result of increased investment in staff, infrastructure and promotional activities since Liberty Media's takeover. "We were clear that really in the short-term we're investing in building the sport for the longer-term," Carey explained. "I've said it before: I think the sport has been underserved by a continual short-term focus [under Bernie Ecclestone]. I...
Full Story »
Full Story »
You May Also Be Interested In...
F1 hurt by previous short-term focus – Carey
Formula 1 CEO Chase Carey says overhauling the sport’s approach and...
8y ago from Crash.net
Carey: There are no free lunches
Amid reports that Ferrari and Mercedes are not terribly impressed with...
8y ago from GrandPrix247.com
Formula 1 to introduce new logo on Sunday
Formula 1 CEO Chase Carey has revealed that the sport will unveil its new...
8y ago from F1i.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
Michelin reveals what caused Marc Marquez’s dramatic...
No description available...
4h ago from Motorsport.com
From Switzerland to Buriram: the helmet drama that hit...
No description available...
2h ago from Motorsport.com
Marco Bezzecchi reveals why Sprint crash presented...
Marco Bezzecchi admits he faced “a lot of difficulties” in order to...
2h ago from MotorsportWeek.c...
Winners and losers from MotoGP’s season-opening...
No description available...
4h ago from Motorsport.com
Popular On IndyCarToday.com
Watch: Mick Schumacher taken out on opening lap of...
Fans of Mick Schumacher could switch off early after his IndyCar debut at...
1h ago from MotorsportWeek.c...
Mick Schumacher's IndyCar debut ends in Lap 1 crash
No description available...
18h ago from Motorsport.com
How Mick Schumacher's IndyCar debut ended in messy Lap...
No description available...
16h ago from Motorsport.com
Alex Palou wins season opener with largest St. Pete...
No description available...
17h ago from Motorsport.com
Popular On TotalWRC.com
Lancia rally legend Sandro Munari passes away aged 85
No description available...
1d ago from Motorsport.com
Why Esapekka Lappi was so happy at WRC Rally Sweden
No description available...
4d ago from Motorsport.com
Acropolis Rally's Thursday parc ferme will be on a boat
No description available...
5d ago from Motorsport.com
Popular On GunnersToday.com
Important goals and big saves: Who were the weekend's...
Matchweek 28 gave us heroics by the bucketload. Sky Sports picks out the...
3h ago from SkySports.com
Arsecast Extra Episode 684 – 02.03.2026
Welcome to another Arsecast Extra, the Arsenal podcast, with myself and...
8m ago from Arseblog.com
Player ratings: Arsenal 2-1 Chelsea
Arsenal made it back to back London derby wins with a crucial 2-1 victory...
8m ago from FreshArsenal.com
Sources: Liverpool face Arsenal competition to sign...
Alessandro Bastoni has long been regarded as one of Europe’s most...
6h ago from CaughtOffside.com
Comments
Hottest News
Martin Brundle hints at potential shocks in F1 2026:...
Sky Sports pundit Martin Brundle has stated that... Read More »
2h ago from MotorsportWeek.com
Ferrari's radical 'Macarena' design could be a crafty trick...
A former F1 star has suggested that Ferrari's... Read More »
1h ago from GPFans.com
The Lewis Hamilton sign that means he will be 'fast' at...
Broadcasting legend Martin Brundle has given the... Read More »
3h ago from GPFans.com
