News Details
Team payments drop by $47m in 2017
Formula 1 Group's fourth quarter results have revealed that teams were collectively paid $47million less in 2017, the first year of Liberty Media's tenure. Collective payment dropped from $966million to $919million, which is the first time that the figure has being reduced, and revenues also fell from $1,796m to $1,784m because of the reduced 20-race calendar last season. Bernie Ecclestone also agreed a reduced fee with the Brazilian Grand Prix hosts before he departed, while Liberty have undergone a big-money move to a London HQ with increased staffing levels – as well as hosting expensive live events. Liberty said: 'Cost of F1 revenue increased primarily due to spend on fan...
Full Story »
Full Story »
7y ago from PlanetF1.com
0
You May Also Be Interested In...
F1 teams to get $47-million less than Bernie gave them
Liberty Media today released the Fourth Quarter and Year End 2017...
7y ago from GrandPrix247.com
Liberty reports rise in F1 broadcast and sponsorship...
Liberty Media saw a rise in Formula 1’s revenue from broadcast partners...
7y ago from Crash.net
F1 team prize money takes $50m dip in 2017
Photo by: www.kymilman.com/F1 Autosport's leading sentence is, 'The 10...
7y ago from TheParcFerme.com
Formula 1: Who was your pick for the best-looking car...
The first BBC Sport F1 vote of the season has closed and the results are...
7y ago from BBC.co.uk
Elsewhere On The Network
Popular On MGPToday.com
Honda tops MotoGP’s Sepang Shakedown as Aleix...
No description available...
20h ago from Motorsport.com
Gresini Ducati launches 2026 MotoGP livery
Gresini Ducati has unveiled its 2026 MotoGP livery at its official team...
18h ago from MotorsportWeek.c...
How Alex Marquez overcame MotoGP doubts to finish...
Alex Marquez has revealed he previously questioned his ability to compete...
17h ago from MotorsportWeek.c...
Gresini unveils 2026 livery as Alex Marquez secures...
No description available...
19h ago from Motorsport.com
Popular On IndyCarToday.com
Will Power: Andretti “will be the best team in the...
No description available...
17h ago from Motorsport.com
Donald Trump signs executive order confirming IndyCar...
No description available...
1d ago from Motorsport.com
Cindric returns to Team Penske for 2026 as...
No description available...
2d ago from Motorsport.com
Popular On TotalWRC.com
New WRC winter tyre expected in 2027 after Monte Carlo...
No description available...
2d ago from Motorsport.com
Why Thierry Neuville struggled in “most difficult”...
No description available...
3d ago from Motorsport.com
More than 10 tuners interested in joining WRC under...
No description available...
5d ago from Motorsport.com
Rally USA return edges closer for 2027 as WRC plans...
No description available...
4d ago from Motorsport.com
Popular On GunnersToday.com
Report: Arsenal explore swap deal opportunity in...
Arsenal’s long-term attacking plans may be heading towards a crucial...
1h ago from CaughtOffside.com
Mikel Arteta provides Bukayo Saka injury update after...
Arsenal manager Mikel Arteta has spoken about the injury to Bukayo Saka...
1h ago from SportsKeeda.com
Arsenal board issue brutal ultimatum to Arteta after...
Arsenal manager Mikel Arteta is reportedly under pressure from the club...
22h ago from CaughtOffside.com
Player ratings: Leeds 0-4 Arsenal
Arsenal got back to winning ways in emphatic fashion with a 4-0 thrashing...
9h ago from FreshArsenal.com
Comments
Hottest News
Arvid Lindblad admits he doesn't know if he is ready for...
Racing Bulls driver and 2026 Formula 1 rookie... Read More »
54m ago from GrandPrix247.com
Lewis Hamilton issues Ferrari firm instruction after 'no...
Lewis Hamilton set the fastest time in the... Read More »
1h ago from RacingNews365.com
Lewis Hamilton admits life at Ferrari got off to a 'very...
Seven-time F1 champion Lewis Hamilton has spoken... Read More »
44m ago from GPFans.com
