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Teams get advance payment from Liberty after revenue drop
Formula 1's owners will provide teams with an advance on their prize money payment as compensation for the sport's drop in profit in 2017. As it concludes its first year at the helm of F1, Liberty Media continues to invest in several areas of the sport, boosting its staff, building or improving its infrastructure and undertaking large promotional events. The various investments have led to a short-fall in revenue for the teams, with prize money falling by £31m this year compared to 2016. Red Bull Racing's Christian Horner accepts Liberty Media's investment approach and the temporary drop in revenue it entails for the teams. "The model that they have, compared to the previous...
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