News Details
Teams receive last of their 2013 prize money
Amidst talk of a cash advance to F1's struggling teams it has been revealed that the last of the 2013 prize money was only paid last week. F1 company documents reveal that “payments of the prize fund are made on the last business day in every month of the world championship season (March to November), with the final payment in respect of each year being made on the last business day of the following February.” With the start of the 2015 season just over a week away, this means that the teams received their final payment last Friday. In 2013 the prize fund totalled £518m and the final instalment is usually around 10 per cent, meaning that last week's pay out came to around...
Full Story »
Full Story »
10y ago from Pitpass.com
0
You May Also Be Interested In...
Ecclestone set to bring prize money release forward
Formula One supremo Bernie Ecclestone is set to bring forward a scheduled...
10y ago from Motorsport.com
Team to receive advance on prize money
It is understood that a number of teams are to be advanced their prize...
10y ago from Pitpass.com
Ecclestone to assist small teams with advance payment
Bernie Ecclestone has reportedly agreed to assist the financially...
10y ago from GrandPrixTimes.com
Force India Reports Bernie to Help Small Teams
The financial plight of the smaller teams may be eased throughout the...
10y ago from FormulaSpy.com
Elsewhere On The Network
Popular On MGPToday.com
Jorge Martin has no “regrets” after attempts to...
No description available...
6h ago from Motorsport.com
Jorge Martin confirms decision to remain with Aprilia...
Reigning MotoGP World Champion Jorge Martin has reversed his decision to...
8h ago from MotorsportWeek.c...
Yamaha V4 engine ‘two seconds slower' than...
Yamaha rider Alex Rins revealed that the manufacturer’s V4 project is...
11h ago from MotorsportWeek.c...
Yamaha's V4 MotoGP engine "not fast enough,”...
No description available...
10h ago from Motorsport.com
Popular On IndyCarToday.com
Kyle Kirkwood says people should appreciate Alex...
No description available...
4h ago from Motorsport.com
Arrow McLaren's Nolan Siegel cleared to race in Toronto
No description available...
6h ago from Motorsport.com
IndyCar Iowa – Race 1 Results
The first race of IndyCar’s double-header weekend from Iowa Speedway...
1d ago from MotorsportWeek.c...
Taylor Barnard rejected McLaren IndyCar and WEC offers...
Taylor Barnard has turned down the chance to race for Arrow McLaren in...
1d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Why Adrian Newey “goes to another office” to avoid...
No description available...
1d ago from Motorsport.com
Sebastien Ogier spurns WRC title fight despite flurry...
No description available...
1d ago from Motorsport.com
Sudden failure forces Adrien Fourmaux out of Rally...
No description available...
1d ago from Motorsport.com
Popular On GunnersToday.com
Joao Palhinha addresses Bayern Munich future amid...
Joao Palhinha has addressed his future at Bayern Munich amid speculation...
3h ago from SportsKeeda.com
Bayern Munich would prefer a move for Liverpool star...
Bayer Munich reportedly prefer to sign Luis Diaz from Liverpool over...
7h ago from SportsKeeda.com
Talks 'in London' taking place 'every single minute'...
Fabrizio Romano says that talks are still ongoing in London as Arsenal...
10h ago from CaughtOffside.com
'It's sad when fans are making a player's life...
Former Arsenal midfielder Anders Limpar has asserted that Noni Madueke is...
8h ago from SportsKeeda.com
Comments
Hottest News
Cadillac boss confirms Daniel Ricciardo decision on F1...
Cadillac F1 boss Graeme Lowdon has delivered a... Read More »
3h ago from GPFans.com
Ferrari considering radical McLaren step involving Fred...
The Italian media have claimed that a radical... Read More »
7h ago from RacingNews365.com
Ex-F1 driver claims Christian Horner and Jos Verstappen...
Former Formula 1 driver Ralf Schumacher has... Read More »
7h ago from MotorsportWeek.com
