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Liberty tells teams "no free lunches" over $43m income drop
Formula 1 chairman Chase Carey says teams must understand that there are "no free lunches" when it comes to making the sport bigger, amid unease about a $43 million fall in their prize money pot. A number of outfits have expressed concern about an unprecedented drop in the commercial rights income for the most recent quarter. In recent financial documents, the pool of income to be shared out among teams will be $273 million (USD), which is 13 percent lower than the same period last year, when it came in at $316 million. Carey is well aware that such a fall is not what teams want in the short term, but he insists that without investing in the sport, there is no way that Liberty...
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7y ago from Motorsport.com
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