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Formula 1 Teams See Costs Increase Under Liberty Media Ownership
The first year of Liberty Media ownership left Formula 1 teams more out of pocket than under Bernie Ecclestone's leadership, numbers have revealed. Though not entirely unexpected – both teams and circuits have been complaining of increasing costs for some time – Liberty say the cost of relocating to London, additional staff, and expenditure on fan-related activities (among other things) has increased the cost for teams by more than reduced payments. As well as rising costs, teams will also be hit with reduced payments from Formula 1. A pot of roughly $324.5 million is shared between teams equally based on their classification over two of the last three years. This money was...
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7y ago from TheCheckeredFlag.co.uk
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