This week Liberty Media's shareholders voted to take over F1 in a move which many see as being a new dawn for the sport. It might not appeal to everyone however, including Ferrari, as Liberty is considering chopping the Italian marque's prize money according to an article by Christian Sylt in US business magazine Forbes. F1's eleven teams received £732.7m ($903.8m) of prize money in 2015, according to the sport's latest accounts, but it isn't distributed evenly. The eleventh-placed team gets as good as nothing which is what fuelled the recent collapse of Manor. In contrast, Ferrari gets the greatest share of the spoils and took home an estimated £139m ($172m) in 2015 even...
Full Story »