News Details
F1 income drop impacts teams to the tune of $47m
Formula One suffered a decrease in its earnings in 2017 which has led to a smaller prize fund distributed to the sport's ten teams. The Formula One Group released its full results for fiscal year 2017 which saw a decline in revenue of $12m from $1,796m to $1,784m. The revenue drop was the result of 20 races taking place in 2017, one less than the previous year, a lower franchise fee associated with the Brazilian Grand Prix and a shortfall in sponsorship revenue following the loss of commercial partners UBS and Allianz. With regard to earnings, profits eroded in 2017 as Liberty Media ramped up its corporate expenses, relocating to new offices in London and significantly increasing...
Full Story »
Full Story »
You May Also Be Interested In...
F1 prize money drops by £35m in 2017
The first year of F1 under its new ownership saw prize money fall by £35m
6y ago from Pitpass.com
Pirelli in-season testing schedule for teams
Pirelli have released a schedule of the in-season Formula 1 tyre testing...
6y ago from GrandPrix247.com
FIA act on leveling playing field for customer teams
It has long been suspected that the engine manufacturers who run Formula...
6y ago from GrandPrix247.com
Brawn: 'F1 teams could run on half the money they...
Formula 1 sporting manager Ross Brawn believes teams could thrive on half...
6y ago from F1i.com
Elsewhere On The Network
Popular On MGPToday.com
Rins: Leg injury not the reason for poor results
No description available...
16h ago from Motorsport.com
How MotoGP’s new star is snatching the show from a...
No description available...
1d ago from Motorsport.com
Fabio Di Giannantonio provides an update on injured...
Fabio Di Giannantonio will go back to Europe for an 'important...
1d ago from MotorsportWeek.c...
Marc Marquez bemoans ‘boring' MotoGP Japanese GP...
Marc Marquez admits that this weekend’s Motegi MotoGP race was “a...
2d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
IndyCar’s Arlington circuit layout will leave...
No description available...
6h ago from Motorsport.com
Indy NXT champion Foster signs multi-year deal with...
No description available...
12h ago from Motorsport.com
IndyNXT champion Louis Foster joins IndyCar with RLL
Rahal Letterman Lanigan Racing announced Wednesday that it has signed...
12h ago from MotorsportWeek.c...
Motorsport Picks: The top 10 IndyCar drivers of 2024
No description available...
1d ago from Motorsport.com
Popular On TotalWRC.com
Skoda reveals Rally2-inspired EV race car concept
No description available...
9h ago from Motorsport.com
FIA: EV, hybrid, ICE power on the table for WRC 2027
No description available...
14h ago from Motorsport.com
Ducati MotoGP star to pilot Group B WRC rally car
No description available...
2d ago from Motorsport.com
Popular On GunnersToday.com
'It wouldn't surprise me' - Alan Shearer backs Arsenal...
No description available...
2h ago from SportsKeeda.com
Real Madrid 'make contact' with Arsenal star...
Real Madrid reportedly make contact with the entourage of a star Arsenal...
3h ago from SportsMole.co.uk
'If you say 'no' to Barca, it's because you don't have...
No description available...
6h ago from SportsKeeda.com
Man United need another forward in 2025 and should not...
Sports Mole discusses why Manchester United should sign Lille forward...
7h ago from SportsMole.co.uk
Comments
Hottest News
F1 team announce driver REPLACEMENT at Mexican Grand Prix
A Formula 1 team have announced that a... Read More »
8h ago from GPFans.com
Ricciardo future update emerges as Hamilton Ferrari debut...
A huge Daniel Ricciardo Formula 1 bombshell has... Read More »
4h ago from GPFans.com
Hamilton's celebrity love revealed in US election SHOCK
Formula 1 star Lewis Hamilton has become... Read More »
5h ago from GPFans.com
