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
8y ago from Pitpass.com
Pirelli in-season testing schedule for teams
Pirelli have released a schedule of the in-season Formula 1 tyre testing...
8y 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...
8y 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...
8y ago from F1i.com
Elsewhere On The Network
Popular On MGPToday.com
Andrea Dovizioso: “Marc Marquez’s situation is...
No description available...
4h ago from Motorsport.com
Maverick Vinales undergoes shoulder surgery to remove...
No description available...
20h ago from Motorsport.com
Why Toprak Razgatlioglu isn’t satisfied with his...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Fast-paced schedule proving beneficial for IndyCar’s...
The NTT IndyCar Series recently completed its fourth racing weekend in...
21h ago from MotorsportWeek.c...
Winners and losers from IndyCar at Barber Motorsports...
No description available...
1d ago from Motorsport.com
Mick Schumacher: “I thought I was ready — but I...
No description available...
3d ago from Motorsport.com
Pato O’Ward left searching for answers after...
No description available...
2d ago from Motorsport.com
Popular On TotalWRC.com
Kalle Rovanpera returns to WRC with Subaru
Double WRC Champion Kalle Rovanpera is set to return to the WRC next year...
1d ago from MotorsportWeek.c...
Former FIA vice president and WRC boss Morrie Chandler...
No description available...
3d ago from Motorsport.com
Subaru teases new rally car for Japanese Championship
No description available...
1w ago from Motorsport.com
How Toyota’s new flying Finn is starting to make WRC...
No description available...
6d ago from Motorsport.com
Popular On GunnersToday.com
'It's not only harmony' – Ex-Arsenal goalkeeper Jens...
Former Arsenal goalkeeper Jens Lehmann has suggested Gunners manager Mikel...
48m ago from SportsKeeda.com
Arsenal interested in signing 19-year-old star with 65...
Bayer Leverkusen striker Christian Kofane's agent, Eric Depolo, has...
48m ago from SportsKeeda.com
Chelsea 'chasing' 70m attacker transfer despite...
Chelsea are reportedly one of the top clubs 'chasing' the potential...
2h ago from CaughtOffside.com
Paul Merson predicts Manchester City vs Liverpool and...
When I was growing up, the FA Cup was the biggest trophy. As a footballer...
2h ago from SportsKeeda.com
Comments
Hottest News
Williams sack James Vowles, sign Christian Horner and...
As many expected, James Vowles has been given his... Read More »
1d ago from GrandPrix247.com
F1 star got fired for telling his boss to ‘f*** off’
A former Red Bull F1 junior racer has revealed... Read More »
4h ago from GPFans.com
Kelly Piquet's Mum blasts F1 champion over Verstappen...
Max Verstappen's recent retirement threats have... Read More »
1h ago from GPFans.com
