News Details
'£100 million offered to teams'
Formula 1's controlling shareholder is set to hand smaller teams a £100 million payment in an attempt to ward off the sport's financial crisis, it was reported on Tuesday.Three cash-strapped teams, Force India, Sauber and Lotus, had threatened to withdraw from Sunday's U.S. GP in protest at the way F1's revenues are divided, with the reports stating that the boycott was only averted after an intervention from CVC Capital Partners.According to The Times, ‘the boycott was only averted after Donald Mackenzie, chairman of CVC Capital Partners, the controlling shareholders, telephoned Gerard Lopez, the Lotus owner, in Austin to offer a compromise. Bob Fernley of Force India believes...
Full Story »
Full Story »
10y ago from SkySports.com
0
You May Also Be Interested In...
Sutil expects costs reaction
Sauber's Adrian Sutil has expressed surprise that it took so long for...
10y ago from SkySports.com
Lopez: Survival of small F1 teams requires a bit of...
Gerard Lopez seeks an amicable resolution to the cash crisis in F1
Formula...
10y ago from GrandPrix247.com
Ecclestone takes blame for F1 financial crisis
Formula 1 boss Bernie Ecclestone has admitted fault for the sport’s...
10y ago from SpeedCafe.com
Formula 1's midfield teams demand change to sport's...
+ Formula 1’s midfield teams have called for substantial and immediate...
10y ago from RichlandF1.com
Elsewhere On The Network
Popular On MGPToday.com
Why Alex Rins can't wait for Yamaha's V4 engine
No description available...
1d ago from Motorsport.com
Brazil replaces Argentina as 2026 MotoGP calendar...
The 2026 MotoGP calendar has officially been released and the new season...
2d ago from MotorsportWeek.c...
Brazilian GP replaces Argentina in 2026 MotoGP calendar
No description available...
3d ago from Motorsport.com
Luca Marini gets new Honda MotoGP deal for 2026
No description available...
6d ago from Motorsport.com
Popular On IndyCarToday.com
IndyCar Laguna Seca – Qualifying Results
IndyCar traveled to the West Coast for a round at the historic Laguna...
16h ago from MotorsportWeek.c...
Alex Palou grabs IndyCar pole at Laguna Seca
IndyCar headed out for qualifying at Laguna Seca just before noon local...
16h ago from MotorsportWeek.c...
Foggy conditions at Laguna Seca delay IndyCar’s...
The NTT IndyCar Series was set to hit the track early Saturday morning...
20h ago from MotorsportWeek.c...
Marcus Armstrong: ‘No magic potion’ that accounts...
Meyer Shank Racing is in the middle of its best IndyCar season since...
22h ago from MotorsportWeek.c...
Popular On TotalWRC.com
How Oliver Solberg’s rapid WRC return shakes up...
No description available...
1w ago from Motorsport.com
Monaco GP circuit stage in frame for WRC comeback in...
No description available...
1d ago from Motorsport.com
Oliver Solberg stuns WRC field to lead Rally Estonia...
No description available...
1w ago from Motorsport.com
How WRC rivals reacted to Oliver Solberg's first...
No description available...
6d ago from Motorsport.com
Popular On GunnersToday.com
Real Madrid Transfer News Roundup: Los Blancos...
Real Madrid are expected to add further reinforcements to their squad...
40m ago from SportsKeeda.com
Why Arsenal rejected chance to sign Benjamin Sesko?...
A recent report from The Athletic has outlined why Arsenal opted to sign...
40m ago from SportsKeeda.com
Deal Imminent? Arsenal working on clever plan to sign...
Arsenal are looking to sign the Crystal Palace attacker Eberechi Eze...
4h ago from CaughtOffside.com
Comments
Hottest News
Marko confirms the real reason why Red Bull sacked...
Red Bull Racing’s decision to sack team... Read More »
3h ago from GPFans.com
FIA announce Lewis Hamilton PENALTY at Belgian Grand Prix
Lewis Hamilton's Belgian Grand Prix weekend has... Read More »
1h ago from GPFans.com
Hamilton and Alonso join Antonelli in pitlane start at Spa
Lewis Hamilton and Fernando Alonso will join... Read More »
50m ago from F1i.com
