News Details
Formula 1 Teams See Costs Increase Under Liberty Media Ownership
The first year of Liberty Media ownership left Formula 1 teams more out of pocket than under Bernie Ecclestone's leadership, numbers have revealed. Though not entirely unexpected – both teams and circuits have been complaining of increasing costs for some time – Liberty say the cost of relocating to London, additional staff, and expenditure on fan-related activities (among other things) has increased the cost for teams by more than reduced payments. As well as rising costs, teams will also be hit with reduced payments from Formula 1. A pot of roughly $324.5 million is shared between teams equally based on their classification over two of the last three years. This money was...
Full Story »
Full Story »
8y ago from TheCheckeredFlag.co.uk
0
You May Also Be Interested In...
F1 cost cap needs to be a joint Liberty, FIA solution...
McLaren executive director Zak Brown says if Formula 1 can install a cost...
8y ago from Crash.net
Liberty Media braced for bumpy road ahead
Liberty Media enjoyed plenty of goodwill from fans and across the paddock...
8y ago from GrandPrix247.com
Liberty facing bumpy road ahead
Liberty Media enjoyed plenty of goodwill after taking over Formula One...
8y ago from SuperSport.com
Liberty Media rule out 2019 Formula 1 calendar revamp
Liberty Media has abandoned plans to revamp the Formula 1 calendar for...
8y ago from TheCheckeredFlag....
Elsewhere On The Network
Popular On MGPToday.com
Adelaide MotoGP circuit layout unveiled as 60 million...
No description available...
3h ago from Motorsport.com
Fabio Quartararo knew Yamaha engine was going to blow...
No description available...
17h ago from Motorsport.com
Marc Marquez claims dominant Aragon MotoGP Sprint...
Marc Marquez led every single lap as he secured a dominant victory in his...
20h ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Rain places IndyCar race from Milwaukee Mile on hold
Update: Cars have returned to the grid and the series will attempt to...
14h ago from MotorsportWeek.c...
IndyCar Milwaukee Race 1 suspended by rain, will...
No description available...
9h ago from Motorsport.com
IndyCar moves second portion of Milwaukee race to...
The final portion of the first race of IndyCar’s double-header from...
9h ago from MotorsportWeek.c...
IndyCar Milwaukee – Qualifying Results
Qualifying on the historic Milwaukee Mile was a single-run format, but...
16h ago from MotorsportWeek.c...
Popular On TotalWRC.com
WRC Paraguay: Adrien Fourmaux wins five stages as Sami...
No description available...
9h ago from Motorsport.com
What WRC’s new owners plan to change – and what...
No description available...
13h ago from Motorsport.com
WRC Paraguay: Sami Pajari extends lead as storm...
No description available...
17h ago from Motorsport.com
High tyre wear blamed for WRC Paraguay punctures and...
No description available...
1d ago from Motorsport.com
Popular On GunnersToday.com
Exclusive: Arsenal not pursuing Liverpool transfer...
Despite the rumours in the recent days, Arsenal are not working on a deal...
42m ago from CaughtOffside.com
Manchester United face late transfer decision due to...
Joshua Zirkzee has been linked with a move away from Manchester United...
1h ago from CaughtOffside.com
A Sunday hot take (sort of, but not really)
Morning all. As I was waking up this morning, I was thinking of inflicting...
3h ago from Arseblog.com
Sources: Arsenal explore shock move for...
Arsenal have accelerated their search for a world-class striker in the...
3h ago from CaughtOffside.com
Comments
Hottest News
F1, IndyCar, NASCAR all share incredible joint statistic
RacingNews365 takes a look at which series in... Read More »
51m ago from RacingNews365.com
F1 News Today: Christian Horner return blow as Lando Norris...
Christian Horner just can't catch a break. Read More »
1h ago from GPFans.com
Monaco Grand Prix given major change as 1960s look restored
The Monaco Grand Prix may not be the most popular... Read More »
1h ago from GPFans.com
