News Details

All Formula 1 teams ‘on the verge' of being profitable

Toto Wolff said he thinks all 10 Formula 1 teams could be 'on the verge' of turning a profit, and hopes that will become the case soon. With expenditure in the sport decreasing and teams adjusting their structures accordingly, the Mercedes boss thinks that the whole grid could be in a position to begin making money as organisations in the near future. Wolff credits F1 CEO Stefano Domenicali and sport owners Liberty Media for their work in bringing the finances of the sport under control, and believes the business model now in place in the sport makes it a positive environment in which teams can succeed. “We are in a very good moment in time for Formula 1 because the audiences are...
Full Story »
4y ago from PlanetF1.com 0
Share

You May Also Be Interested In...

Leclerc Refuses To Share Opinion On Driver Salary Cap

Ferrari driver Charles Leclerc has refused to publicly voice his views on...
4y ago from Formula1News.co.uk

Mercedes had an unrealistic picture with traffic for...

Mercedes has indicated that a faster engine mode was used during the...
4y ago from GPBlog.com

"Verstappen can be optimistic for upcoming...

In FP1 of the United States Grand Prix, Red Bull Racing seemed to be no...
4y ago from GPBlog.com

Hughes wavers 'scary' lead Mercedes: "Just a...

In FP1 of the United States Grand Prix, Red Bull Racing seemed to be no...
4y ago from GPBlog.com

Elsewhere On The Network

Popular On MGPToday.com

Popular On IndyCarToday.com

Alex Palou delivers takedown of McLaren F1 drivers...

IndyCar champion Alex Palou has delivered a takedown of both McLaren...

Will Power turns first IndyCar laps with Andretti at...

IndyCar veteran Will Power completed his first test laps with his new...

Popular On TotalWRC.com

Popular On GunnersToday.com

Papers: Arsenal join the race to sign Guehi

The top stories and transfer rumours from Friday's newspapers...
1h ago from SkySports.com

Papers: Arsenal and Man City to battle for Livramento...

The top stories and transfer rumours from Saturday's newspapers...
1h ago from SkySports.com

Player ratings: Portsmouth 1-4 Arsenal

Arsenal progressed to the fourth round of the FA Cup with a 4-1 victory at...
37m ago from FreshArsenal.com

Szoboszlai: Arsenal aren't champions yet, you don't...

It is still too early to crown Arsenal Premier League champions, says...
1h ago from SkySports.com

Comments

Hottest News

Aston Martin bends knee to Adrian Newey F1 demand

Aston Martin has hired ex-Red Bull simulation... Read More »
2h ago from MotorsportWeek.com

Sergio Perez confirms F1 retirement plan

Sergio Perez has confirmed when he will retire... Read More »
4h ago from GPFans.com

Ferrari 2026 changes address Lewis Hamilton concerns

Details coming out of Italy have revealed that... Read More »
47m ago from GPFans.com

Recent News


2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.