News Details
As revenues fall, Liberty offers teams interest-free advances
As previously reported, in the nine months to September, the prize money paid to the F1 teams fell by £31m with the prediction that the trend would continue for some time yet. There are various reasons for this, including the reduction in the number of races this year compared to 2016, however, new owners Liberty Media's failure to secure new sponsors combined with its spending on new offices, staff, promotions such as the London event, investment in the sport’s infrastructure and Ross Brawn's technical team have all had an impact. Rapidly becoming Liberty Media's 'teacher's pet', Red Bull's Christian Horner accepts the downturn in prize money - his team can afford it -...
Full Story »
Full Story »
8y ago from Pitpass.com
0
You May Also Be Interested In...
F1 to reveal brand new logo in Abu Dhabi
Formula One will reveals a new logo after Sunday’s season-ending Abu...
8y ago from ThisIsF1.com
F1 shark fins banned for 2018
Formula 1 cars are set to lose their prominent ‘shark fins’ style...
8y ago from GrandPrix247.com
Analysis: Why F1's $43 million prize money drop has...
As their prize money income takes a major hit for the first time in recent...
8y ago from Motorsport.com
Horner wants McLaren to reverse F1 veto on fin for 2018
Red Bull team principal Christian Horner is eager to persuade McLaren to...
8y ago from Crash.net
Elsewhere On The Network
Popular On MGPToday.com
Why MotoGP’s ‘Concorde Agreement’ remains...
No description available...
17h ago from Motorsport.com
Pedro Acosta says teaming up with Marc Marquez would...
No description available...
21h ago from Motorsport.com
Aprilia’s MotoGP advantage not due to special rear...
No description available...
1d ago from Motorsport.com
Why WorldSBK leader Nicolo Bulega could miss out on a...
Rumours surrounding Nicolo Bulega and a possible move to MotoGP in 2027...
1d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Feature: RLL’s split fortunes in Barber highlight...
At the most recent IndyCar race from Barber Motorsports Park, Graham...
13h ago from MotorsportWeek.c...
IndyCar: A closer look at Mick Schumacher's true pace
No description available...
1d ago from Motorsport.com
Will Power's father okay after wrestling with armed...
No description available...
1d ago from Motorsport.com
Mick Schumacher: “I thought I was ready — but I...
No description available...
1w ago from Motorsport.com
Popular On TotalWRC.com
Motorsport Week is hiring – Rally and Sportscar...
Motorsport Media Services are looking to expand its coverage, and in...
9h ago from MotorsportWeek.c...
How Takamoto Katsuta’s maiden WRC win is impacting...
No description available...
22h ago from Motorsport.com
Hyundai continues to honour Craig Breen's memory
Hyundai Shell Mobis World Rally Team will run a special livery at this...
1d ago from MotorsportWeek.c...
Hyundai unveils Craig Breen tribute livery for WRC...
No description available...
1d ago from Motorsport.com
Popular On GunnersToday.com
7 shots, 93% pass accuracy: Arsenal transfer target...
Khvicha Kvaratskhelia has been linked with Arsenal recently and his...
47m ago from CaughtOffside.com
A European trip
Good morning. Here's a really quick blog for you because I'm heading back...
1h ago from Arseblog.com
Chelsea lead race for £70m wide man but Arsenal could...
Chelsea and Arsenal are interested in signing the Newcastle United...
11h ago from CaughtOffside.com
White-out: 4 replacements Arsenal are targeting to...
Arsenal’s search for right-back depth has taken on extra intrigue after...
15h ago from FreshArsenal.com
Comments
Hottest News
Breaking: Max Verstappen loses right-hand man Gianpiero...
A major blow for Red Bull, which is once again... Read More »
1h ago from RacingNews365.com
FIA weighing up rule changes to save the 2026 Formula 1...
Plans are being made to fix the shambolic 2026... Read More »
57m ago from GrandPrix247.com
Red Bull to lose Max Verstappen ally in major McLaren...
Red Bull has been braced for a major personnel... Read More »
1h ago from MotorsportWeek.com
