News Details
Carey: 'No free lunches' as F1 invests to overcome short-termism
New Formula 1 CEO Chase Carey says that he's focussed on long-term expansion plans and warned teams of tougher times ahead, saying that there will be 'no free lunches'. Carey was quoted in an official Formula 1 interview after it emerged that this year's total prize fund was down £31m compared to 2016. The downturn is a result of increased investment in staff, infrastructure and promotional activities since Liberty Media's takeover. "We were clear that really in the short-term we're investing in building the sport for the longer-term," Carey explained. "I've said it before: I think the sport has been underserved by a continual short-term focus [under Bernie Ecclestone]. I...
Full Story »
Full Story »
You May Also Be Interested In...
F1 hurt by previous short-term focus – Carey
Formula 1 CEO Chase Carey says overhauling the sport’s approach and...
8y ago from Crash.net
Carey: There are no free lunches
Amid reports that Ferrari and Mercedes are not terribly impressed with...
8y ago from GrandPrix247.com
Formula 1 to introduce new logo on Sunday
Formula 1 CEO Chase Carey has revealed that the sport will unveil its new...
8y ago from F1i.com
Carey: New F1 logo to provide a fresh energy
Formula 1 will unveil a new logo after Sunday's season finale Abu Dhabi...
8y ago from GrandPrix247.com
Elsewhere On The Network
Popular On MGPToday.com
MotoGP Sepang test: Alex Marquez fastest on final day...
No description available...
18m ago from Motorsport.com
Breakthrough or false dawn? Francesco Bagnaia finds...
No description available...
21h ago from Motorsport.com
MotoGP Sepang test: Honda leads rain-hit Day 2 as...
No description available...
1d ago from Motorsport.com
Yamaha halts Sepang MotoGP running while investigating...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Arrow McLaren unveils liveries for 2026 IndyCar...
Arrow McLaren has taken the wraps off its trio of challengers for the...
11h ago from MotorsportWeek.c...
"It's fun," says Mick Schumacher after his...
No description available...
13h ago from Motorsport.com
Mick Schumacher found the limit “pretty early” in...
No description available...
11h ago from Motorsport.com
Felix Rosenqvist: Modern IndyCar demands driving...
Felix Rosenqvist has commented about how IndyCar drivers have to push...
21h ago from MotorsportWeek.c...
Popular On TotalWRC.com
Iconic Ouninpohja stage dropped from 2026 WRC Rally...
No description available...
1d ago from Motorsport.com
WRC Monte Carlo: Oliver Solberg continues domination...
No description available...
1w ago from Motorsport.com
More than 10 tuners interested in joining WRC under...
No description available...
1w ago from Motorsport.com
Why Thierry Neuville struggled in “most difficult”...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Bayern Munich have eyes on Arsenal attacker rated...
Kai Havertz could find himself at the centre of another major transfer...
48m ago from CaughtOffside.com
Sources: Arsenal 'firmly' in race to sign Chelsea...
Arsenal have had some initial talks over signing one of the hottest...
1h ago from CaughtOffside.com
Hey, those things don't apply to *us*!
Morning all. Now we know that it's going to be Man City in the Carabao Cup...
2h ago from Arseblog.com
'We will try' – Pep Guardiola will seek rule...
Manchester City manager Pep Guardiola has made it clear that the club will...
3h ago from CaughtOffside.com
Comments
Hottest News
F1: Horner reacts to engine cheat claims
'You've got to be pushing the envelope,' says... Read More »
38m ago from Pitpass.com
Honda hail 'pivotal' test as fresh Aston Martin targets...
Aston Martin's short outing in the Barcelona test... Read More »
1h ago from RacingNews365.com
Martin Brundle reveals genius last-minute Mercedes strategy...
Sky Sports F1 pundit Martin Brundle has revealed... Read More »
1h ago from GPFans.com
