News Details
Ecclestone admits F1 crisis 'probably my fault'
+ Bernie Ecclestone admits that Formula 1’s current revenue distribution system is broken and admits that he must take some of the blame for the sport's current financial crisis.
The Marussia and Caterham teams both entered administration in the last two weeks, slashing the grid for the United States Grand Prix down to just 18 cars, and prompting Force India, Lotus and Sauber to demand a review of the way F1’s revenue is split, as costs continue to escalate.
Ecclestone, in a surprise confession, admitted that the way the sport’s money is distributed simply has to change.
“The problem is there is too much money probably being distributed badly, [it's] probably my fault,” he said on...
Full Story »
Full Story »
11y ago from RichlandF1.com
0
You May Also Be Interested In...
Ecclestone: F1 issues probably my fault
Bernie Ecclestone admits that the current issues in F1 stems from the...
11y ago from Crash.net
Lotus denies it plans to boycott race over finances
The Lotus F1 Team has denied it will boycott the United States Grand Prix...
11y ago from TheF1Times.com
'I don’'t know how to fix F1 finances'
Formula 1 boss Bernie Ecclestone says he is to blame for the financial...
11y ago from BBC.co.uk
Crisis? What crisis? F1 digs head in the sand
Formula 1 is a money drain
Talk of financial crisis in Formula 1 is...
11y ago from GrandPrix247.com
Elsewhere On The Network
Popular On MGPToday.com
Fabio Quartararo completes Honda switch for 2027...
Fabio Quartararo has signed a deal to join Honda for the 2027 MotoGP...
1d ago from MotorsportWeek.c...
Honda announces David Alonso to join MotoGP setup on...
Honda HRC has confirmed its signing of current Moto2 star David Alonso on...
1d ago from MotorsportWeek.c...
Honda signs David Alonso for 2027 without confirming...
No description available...
1d ago from Motorsport.com
Honda confirms Fabio Quartararo signing on a two-year...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Alex Palou ‘not confident at all’ tire choice...
Alex Palou was the winner of Monday’s Music City Grand Prix, but he was...
12h ago from MotorsportWeek.c...
Winners and losers from the IndyCar race in Nashville
No description available...
15h ago from Motorsport.com
Mick Schumacher secures career-best IndyCar finish of...
No description available...
18h ago from Motorsport.com
“Give me one more,” David Malukas describes...
David Malukas crossed the line in Monday’s IndyCar race from Nashville...
14h ago from MotorsportWeek.c...
Popular On TotalWRC.com
The important lesson Oliver Solberg put into practice...
No description available...
1d ago from Motorsport.com
What a maiden WRC win in Estonia means to Sami Pajari
No description available...
2d ago from Motorsport.com
WRC Estonia: Sami Pajari claims sensational maiden WRC...
No description available...
2d ago from Motorsport.com
Sami Pajari and Marko Salminen triumph on Rally Estonia
The next generation of WRC stars continued to shine in Estonia as Sami...
2d ago from MotorsportWeek.c...
Popular On GunnersToday.com
Morgan Rogers has made the wrong decision, and...
Arsenal may have made a mess of the Morgan Rogers transfer, but they can,...
1h ago from CaughtOffside.com
Excl: Newcastle working to replace Arsenal transfer...
Arsenal's pursuit of Bruno Guimaraes may have been handed a boost by the...
1h ago from CaughtOffside.com
£64m bid rejected: Chelsea fail with offer for...
Chelsea have reportedly had a £64m transfer bid rejected for Alex Scott...
4h ago from CaughtOffside.com
Market value
Morning everyone. There's a long section on transfers in the new Arsecast...
2h ago from Arseblog.com
Comments
Hottest News
Audi F1 confirm reshuffle after shock team principal exit
A key member of the Audi F1 team has unpicked... Read More »
3h ago from GPFans.com
How Jos Verstappen's 'pushy parenting' created F1 superstar...
A journalist who spent an entire season following... Read More »
1h ago from GPFans.com
Formula E co-founder opens up on plans for long-awaited...
Formula E has been without a support series since... Read More »
1h ago from RacingNews365.com
