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
Did the MotoGP Spanish GP signal a second coming of...
No description available...
5h ago from Motorsport.com
Marc Marquez “doesn’t understand” MotoGP Spanish...
No description available...
6h ago from Motorsport.com
Marc Marquez: ‘I don't understand' cause of...
Marc Marquez says he doesn't understand what led to his crash during the...
8h ago from MotorsportWeek.c...
MotoGP: Álex Márquez reigns in Spain to take title...
t;li>Álex leads Marc Márquez in title race after Jerez winFabio...
8h ago from TheGuardian.com
Popular On IndyCarToday.com
Takuma Sato reveals 94G impact in 233mph Indy 500...
No description available...
2d ago from Motorsport.com
Alex Palou tops busy final Indy 500 test day
The NTT IndyCar Series wrapped up a two day test session on Thursday,...
3d ago from MotorsportWeek.c...
Larson, Sato crash in high-boost Indy 500 test session
The second day of IndyCar’s Indy 500 open test opened with qualifying...
3d ago from MotorsportWeek.c...
Scott McLaughlin fastest as speeds top 232mph in Day 2...
No description available...
3d ago from Motorsport.com
Popular On TotalWRC.com
Even Sebastien Ogier was powerless to prevent Kalle...
No description available...
6h ago from Motorsport.com
Kalle Rovanpera ignites WRC season with Canary Islands...
No description available...
9h ago from Motorsport.com
Welcome to the championship fight – Kalle...
Kalle Rovanperä and Jonne Halttunen completed their domination of the...
9h ago from MotorsportWeek.c...
Kalle Rovanperä “close” to WRC perfection with 12...
No description available...
1d ago from Motorsport.com
Popular On GunnersToday.com
Man City 'handed boost' in Andrea Cambiaso transfer...
Manchester City reportedly receive a boost in their hopes of landing...
54m ago from SportsMole.co.uk
'I think it will have a positive impact' - Khvicha...
Khvicha Kvaratskhelia believes PSG playing against English sides in the...
1h ago from SportsKeeda.com
'Didn't want to win it there, I wanted it at Anfield'...
Liverpool winger Mohamed Salah admitted that he wanted to win the Premier...
4h ago from SportsKeeda.com
Mo Salah moves past Man City legend: Can you name...
Sports Mole challenges you to name every player to have scored 100 or more...
5h ago from SportsMole.co.uk
Comments
Hottest News
Lewis Hamilton US dreams open up as Ferrari driver tipped...
Lewis Hamilton may be struggling at Ferrari and... Read More »
1h ago from GPFans.com
Lewis Hamilton plans HUGE New York moment as Ferrari storm...
Lewis Hamilton may be struggling at Ferrari and... Read More »
4h ago from GPFans.com
Banned F1 circuit allowed to host races again after law...
A Formula 1 track notorious for being incredibly... Read More »
8h ago from GPFans.com
