News Details
Liberty tells teams "no free lunches" over $43m income drop
Formula 1 chairman Chase Carey says teams must understand that there are "no free lunches" when it comes to making the sport bigger, amid unease about a $43 million fall in their prize money pot. A number of outfits have expressed concern about an unprecedented drop in the commercial rights income for the most recent quarter. In recent financial documents, the pool of income to be shared out among teams will be $273 million (USD), which is 13 percent lower than the same period last year, when it came in at $316 million. Carey is well aware that such a fall is not what teams want in the short term, but he insists that without investing in the sport, there is no way that Liberty...
Full Story »
Full Story »
8y ago from Motorsport.com
0
You May Also Be Interested In...
Liberty set to offer teams advance on payments after...
Liberty Media is set to offer Formula 1 teams an advance on payments in...
8y ago from Crash.net
Teams get advance payment from Liberty after revenue...
Formula 1's owners will provide teams with an advance on their prize...
8y ago from F1i.com
Haas needs to raise the lower bar in 2018 - Magnussen
Kevin Magnussen says Haas should target improved consistency for next...
8y ago from F1i.com
Hulkenberg's sixth-place worth $8.5-million to Renault
Nico Hulkenberg gave Renault a multi-million-dollar boost for next year...
8y ago from GrandPrix247.com
Elsewhere On The Network
Popular On MGPToday.com
Pierre Gasly buys shares in the Tech3 MotoGP team
No description available...
5h ago from Motorsport.com
Pedro Acosta to race for Ducati in 2027 alongside Marc...
No description available...
9h ago from Motorsport.com
Toprak Razgatlioglu: MotoGP's newest superstar
On one fateful day, June 10, 2025, news finally broke that would mark one...
10h ago from MotorsportWeek.c...
Has Yamaha ditched its triplane aero for Ducati-style...
No description available...
11h ago from Motorsport.com
Popular On IndyCarToday.com
Donald Trump signs executive order confirming IndyCar...
No description available...
3h ago from Motorsport.com
Cindric returns to Team Penske for 2026 as...
No description available...
22h ago from Motorsport.com
Tim Cindric returns to Penske in race strategist role
Team Penske has announced the strategist line-up for its 2026 IndyCar...
22h ago from MotorsportWeek.c...
Popular On TotalWRC.com
New WRC winter tyre expected in 2027 after Monte Carlo...
No description available...
1d ago from Motorsport.com
Why Thierry Neuville struggled in “most difficult”...
No description available...
2d ago from Motorsport.com
More than 10 tuners interested in joining WRC under...
No description available...
4d ago from Motorsport.com
Rally USA return edges closer for 2027 as WRC plans...
No description available...
3d ago from Motorsport.com
Popular On GunnersToday.com
Report: Arsenal could sacrifice duo to land 40-goal...
Arsenal are interested in signing the Atletico Madrid striker Julian...
37m ago from CaughtOffside.com
Arsenal’s terminally online Premier League title...
obotic team fuelled by data and scrutinised relentlessly in a climate of...
27m ago from TheGuardian.com
Real Madrid ready to cash in, 70m star sparks Arsenal...
Eduardo Camavinga could be on his way out of Real Madrid at the end of the...
2h ago from CaughtOffside.com
'He's taking the best from everybody' - Lisandro...
Manchester United centre-back Lisandro Martinez has said that interim boss...
1h ago from SportsKeeda.com
Comments
Hottest News
F1: Shakedown Times: Day 5 (Friday)
Friday's unofficial times from Barcelona. Read More »
2h ago from Pitpass.com
2026 F1 Barcelona Pre-Season Test - Day 5 morning results
Check out the morning results from the final day... Read More »
8h ago from RacingNews365.com
Aston Martin ‘struggle with F1 speed limit’ at...
Aston Martin are reportedly struggling with the... Read More »
7h ago from GPFans.com
