News Details
11th placed team set to lose constructors' prize money
Formula One is set to undergo a dramatic change in the awarding of prize money ahead of the sport's flotation on the Singapore stock exchange.
As reported by The Telegraph, Bernie Ecclestone is set to make the changes as the sport looks to prevent costs from spiralling. For 2013, a new pay-out system has been instigated which has seen prize money rise from 50 per cent to 63 per cent of the sport's operating profit.
Following the entry of Team Lotus (now Caterham), Virgin (now Marussia) and HRT (now defunct) to the sport in 2010, then-FIA president Max Mosley agreed a deal that would see the two teams that finished outside of the top ten receive a base $10m prize at the end of the...
Full Story »
Full Story »
12y ago from RichlandF1.com
0
You May Also Be Interested In...
Bahrain GP stupid - Ecclestone
Formula 1 boss Bernie Ecclestone believes the Bahrain government were...
12y ago from BBC.co.uk
Briatore: 'No reason for me to return to F1'
Former team principal Flavio Briatore says he sees no reason to return to...
12y ago from TheF1Times.com
Tyre talk dominating 2013 season
Amid all the noise and criticism surrounding Pirelli's approach to formula...
12y ago from GrandPrix.com
Elsewhere On The Network
Popular On MGPToday.com
The key challenges MotoGP teams will face in the 2027...
No description available...
35m ago from Motorsport.com
VR46 looking for mix of experience and youth in 2027...
No description available...
18h ago from Motorsport.com
Dani Pedrosa reveals the ‘crazy’ training that...
No description available...
1d ago from Motorsport.com
MotoGP announces Qatar round postponed until November
MotoGP has confirmed that Qatar's 10-12 April slot will be moved to 6-8...
2d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Kyle Kirkwood’s surprise lunge on Alex Palou...
Kyle Kirkwood took victory in the inaugural Grand Prix of Arlington on...
23h ago from MotorsportWeek.c...
Official race results: 2026 IndyCar Grand Prix of...
No description available...
1d ago from Motorsport.com
Rough and tumble weekend dampens Josef Newgarden’s...
Josef Newgarden came into IndyCar's Arlington GP weekend on a high,...
1d ago from MotorsportWeek.c...
Kirkwood "currently the biggest threat" to...
No description available...
1d ago from Motorsport.com
Popular On TotalWRC.com
WRC Rally Scotland brings top tier rallying back to...
The 2027 WRC calendar should have an exciting new event on the calendar:...
20h ago from MotorsportWeek.c...
WRC to return to GB in 2027 as Scotland secures...
No description available...
20h ago from Motorsport.com
Why Takamoto Katsuta’s long-awaited first WRC win...
No description available...
1d ago from Motorsport.com
“Proud” Ott Tanak, Kalle Rovanpera lead praise of...
No description available...
1d ago from Motorsport.com
Popular On GunnersToday.com
“Just not normal in football” - Kyle Walker on...
Burnley defender Kyle Walker has admitted it is horrific to play against...
3h ago from SportsKeeda.com
Frontrunners Arsenal face intense battle to sign...
According to Calciomercato, AC Milan and Inter Milan are actively...
3h ago from CaughtOffside.com
Sources: Premier League clubs consider move for...
Arsenal youngster Myles Lewis-Skelly is approaching a pivotal moment in...
6h ago from CaughtOffside.com
‘We were all so happy’: Arsenal bid to harness...
cardo Calafiori reflects on Max Dowman’s impact as Mikel Arteta’s side...
5h ago from TheGuardian.com
Comments
Hottest News
Toto Wolff reveals real reason why Aston Martin dumped...
Toto Wolff has revealed why Aston Martin ended... Read More »
3h ago from MotorsportWeek.com
Wolff's Mercedes heritage flight for past and present stars
Once a Mercedes driver, always a Mercedes driver... Read More »
1h ago from F1i.com
McLaren to hold talks with Mercedes after engine failure at...
McLaren will hold talks with F1 power unit... Read More »
1h ago from GPFans.com
