News Details
'11th team to lose prize money'
Bernie Ecclestone is shaking up F1's $698.5m prize fund as no longer will the 11th team be paid a cent.
At present the top ten teams in the Constructors' Championship split the prize fund. However, for the last three seasons those finishing outside the top ten have each received $10m as part of a deal.
Ecclestone, though, has brought that deal to an end.
While the payment clause for the $10m was included in the old Concorde Agreement, this season Ecclestone has signed separate commercial agreements with each team.
The only team that doesn't have a deal is Marussia, who finished 11th last season.
Speaking to the Daily Telegraph, the F1 supremo said "they don't have a commercial...
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12y ago from PlanetF1.com
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