News Details
Teams prize money drops $45m under Liberty
Latest results reveal that the teams will receive $45m less in prize money than before Liberty Media bought the sport last year. The figures reveal that in the period April - June the teams received $307m in prize money which is down 7% on the same period last year. However, as Forbes reveals, contrary to some media reports, the teams haven't taken a $23m hit on 2017 as Liberty's documents clearly state that 'team payments are recognized pro rata with the number of races'. With 21 races this year, as opposed to 20 in 2017, the pro rata payment has reversed and as a result the total amount of prize money will in fact rise. Indeed, the total prize money of $921m is a $2m increase on 2017......
Full Story »
Full Story »
5y ago from Pitpass.com
0
You May Also Be Interested In...
Why three teams could cost Force India more than $100m
Force India's fall into administration has been well documented over...
5y ago from MotorsportWeek.com
Is F1 'more fun' under Liberty Media?
Chase Carey says Formula 1 races have become "more fun" in 2018...
5y ago from GPFans.com
Liberty Media "on the right path" to improve...
Liberty Media CEO Chase Carey has said that although it's too early to...
5y ago from GPBlog.com
Chase Carey: F1 is more fun in Liberty era
Chase Carey believes that Formula One has become more "fun"...
5y ago from GPBlog.com
Elsewhere On The Network
Popular On MGPToday.com
Marquez: Pramac MotoGP 2025 move ‘not an option...
Gresini Ducati's Marc Marquez has stated that a switch to Pramac Ducati...
6h ago from MotorsportWeek.c...
Bagnaia defends himself after “showman” Marquez...
No description available...
8h ago from Motorsport.com
Marc Marquez “was looking for” current MotoGP...
No description available...
7h ago from Motorsport.com
MotoGP Italian GP: Bagnaia fastest in second practice,...
No description available...
9h ago from Motorsport.com
Popular On IndyCarToday.com
Vautier has ‘unfinished business’ in IndyCar after...
Tristan Vautier was behind the wheel of an IndyCar on Friday for the first...
1h ago from MotorsportWeek.c...
IndyCar Detroit: Palou leads O'Ward in opening practice
No description available...
3h ago from Motorsport.com
Palou fastest in opening IndyCar Detroit GP practice
The NTT IndyCar Series took to the streets of downtown Detroit Friday...
3h ago from MotorsportWeek.c...
Pietro Fittipaldi is fueled by 5-Hour Energy and lots...
No description available...
6h ago from Motorsport.com
Popular On TotalWRC.com
Ogier stars in Rally Italia Sardegna on Friday
Sébastien Ogier delivered a near-perfect performance to lead Hyundai...
4h ago from MotorsportWeek.c...
WRC Rally Sardinia: Ogier hangs onto lead as Fourmaux...
No description available...
6h ago from Motorsport.com
WRC drivers back “more intense” sprint format trial
No description available...
7h ago from Motorsport.com
WRC helmet camera in development to elevate TV...
No description available...
6h ago from Motorsport.com
Popular On GunnersToday.com
Papers: Man Utd considering Diomande move | Bayern...
The top stories and transfer rumours from Saturday's newspapers...
1h ago from SkySports.com
Arsenal approach 21-year-old Belgian ace over...
Arsenal have approached PSV Eindhoven star Johan Bakayoko over a...
1h ago from CaughtOffside.com
Arsenal dealt blow as transfer target prefers move to...
No description available...
2h ago from SportsKeeda.com
“Arsenal are good losers” - Emmanuel Petit claims...
No description available...
2h ago from SportsKeeda.com
Comments
Hottest News
Verstappen warning given as Red Bull statement released...
Red Bull chief advisor Helmut Marko has claimed... Read More »
2h ago from GPFans.com
Hamilton completes Ferrari signing in front of stunned Wolff
Lewis Hamilton stunned boss Toto Wolff after... Read More »
6h ago from GPFans.com
Leclerc blasts 'disaster' F1 24 game amid RETIREMENT...
Charles Leclerc has blasted a recent F1 decision... Read More »
3h ago from GPFans.com