News Details
Team payments drop by $47m in 2017
Formula 1 Group's fourth quarter results have revealed that teams were collectively paid $47million less in 2017, the first year of Liberty Media's tenure. Collective payment dropped from $966million to $919million, which is the first time that the figure has being reduced, and revenues also fell from $1,796m to $1,784m because of the reduced 20-race calendar last season. Bernie Ecclestone also agreed a reduced fee with the Brazilian Grand Prix hosts before he departed, while Liberty have undergone a big-money move to a London HQ with increased staffing levels – as well as hosting expensive live events. Liberty said: 'Cost of F1 revenue increased primarily due to spend on fan...
Full Story »
Full Story »
7y ago from PlanetF1.com
0
You May Also Be Interested In...
F1 teams to get $47-million less than Bernie gave them
Liberty Media today released the Fourth Quarter and Year End 2017...
7y ago from GrandPrix247.com
Liberty reports rise in F1 broadcast and sponsorship...
Liberty Media saw a rise in Formula 1’s revenue from broadcast partners...
7y ago from Crash.net
F1 team prize money takes $50m dip in 2017
Photo by: www.kymilman.com/F1 Autosport's leading sentence is, 'The 10...
7y ago from TheParcFerme.com
Formula 1: Who was your pick for the best-looking car...
The first BBC Sport F1 vote of the season has closed and the results are...
7y ago from BBC.co.uk
Elsewhere On The Network
Popular On MGPToday.com
Marc Marquez ‘at peace' after securing 2025...
Factory Ducati rider Marc Marquez was lost for words after clinching his...
16h ago from MotorsportWeek.c...
"No one knows how much he has cried" - An...
No description available...
11h ago from Motorsport.com
Fabio Quartararo hails Marc Marquez as a legend as...
No description available...
17h ago from Motorsport.com
Francesco Bagnaia “didn’t recognise himself”...
No description available...
18h ago from Motorsport.com
Popular On IndyCarToday.com
Mick Schumacher to make IndyCar test debut with Rahal...
No description available...
2d ago from Motorsport.com
Mick Schumacher set for IndyCar test with RLL
Rahal Letterman Lanigan Racing has announced that it will bring in Mick...
2d ago from MotorsportWeek.c...
Andretti hires ex-Penske director Ron Ruzewski as...
Andretti Global announced on Wednesday that it has hired Ron Ruzewski as...
4d ago from MotorsportWeek.c...
Andretti Global signs ex-Penske Ron Ruzewski as team...
No description available...
4d ago from Motorsport.com
Popular On TotalWRC.com
Hyundai WRT on the attack
Hyundai Shell Mobis World Rally Team is not taking their 2025 drubbing at...
2d ago from MotorsportWeek.c...
Mandated rest periods at WRC rallies to face FIA vote
No description available...
4d ago from Motorsport.com
Hyundai call set to boost Ott Tanak’s WRC title...
No description available...
5d ago from Motorsport.com
WRC swaps Sardinia for Rome as home of Rally Italy...
No description available...
5d ago from Motorsport.com
Popular On GunnersToday.com
Newcastle 1-2 Arsenal: Premier League – live reaction
enal moved up to second after late headers from Mikel Merino and Gabriel...
8h ago from TheGuardian.com
Newcastle v Arsenal: Premier League – live
️ Premier League updates from 4.30pm BST<br>⚽️ <a...
12h ago from TheGuardian.com
Arteta hails Arsenal after ‘remarkable’ comeback...
t;li>Arsenal recover from 1-0 down to bolster title credentialsArteta:...
6h ago from TheGuardian.com
'I didn't like it' | Woltemade left disgruntled over...
Newcastle striker Nick Woltemade shares his thoughts on his altercation...
7h ago from SkySports.com
Comments
Hottest News
“They made me cry at the end of the day,' claims Grosjean...
Former Formula One driver Romain Grosjean made a... Read More »
2h ago from F1Technical.net
Adrian Newey summoned for exclusive Ferrari launch
F1 design legend Adrian Newey was summoned to an... Read More »
5h ago from GPFans.com
Brundle shares ‘tricky decision’ as statement confirms...
F1 legend Martin Brundle has been forced to... Read More »
17h ago from GPFans.com
