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
Can Aprilia dethrone Ducati in the 2026 MotoGP title...
The conclusion of the 2025 MotoGP season saw an unprecedented level of...
4h ago from MotorsportWeek.c...
VR46 an option for Pedro Acosta, but priority is a...
No description available...
2h ago from Motorsport.com
Aprilia Racing presents 2026 MotoGP livery
Aprilia Racing kicked off 2026 by unveiling its newest MotoGP livery in...
7h ago from MotorsportWeek.c...
Aprilia reveals 2026 MotoGP bike for Marco Bezzecchi...
No description available...
8h ago from Motorsport.com
Popular On IndyCarToday.com
Grand Prix of Long Beach set for leadership change
No description available...
1h ago from Motorsport.com
Pato O’Ward joined by F2 champion in McLaren F1...
McLaren has announced its driver development program lineup for 2026,...
2h ago from MotorsportWeek.c...
Long Beach to bring in new leadership for iconic event
Organizers of the annual Grand Prix of Long Beach event have announced...
15m ago from MotorsportWeek.c...
Kucharczyk set for 2026 Indy NXT run with HMD
No description available...
1d ago from Motorsport.com
Popular On TotalWRC.com
Dakar 2026, Stage 11: Mattias Ekstrom leads Ford...
No description available...
7h ago from Motorsport.com
Dakar 2026, Stage 10: Mathieu Serradori wins as Nasser...
No description available...
1d ago from Motorsport.com
Popular On GunnersToday.com
'I didn’t think he had it in him' - Jimmy Floyd...
Former Chelsea hitman Jimmy Floyd Hasselbaink has said that he had doubts...
15m ago from SportsKeeda.com
Lip reader spills what Declan Rice really said in...
Arsenal picked up a win over Chelsea in the Carabao Cup last night, and...
1h ago from CaughtOffside.com
Eking more out of the Arsenal attack
I listened with great interest to the half-season data review on the...
2h ago from Arseblog.com
Arsenal’s power statement shows this time they have...
st-leg victory at Stamford Bridge displayed the hallmarks of another...
5h ago from TheGuardian.com
Comments
Hottest News
New boss reveals team 'sick' of Lewis Hamilton saying
A new boss has revealed how he used the wise... Read More »
3h ago from GPFans.com
Hakkinen reveals the Schumacher edge that ‘really pissed...
Mika Hakkinen and Michael Schumacher — two... Read More »
4h ago from F1i.com
F1 2026: Which driver contracts expire this year?
2026 will see a new era of F1 ushered into the... Read More »
1h ago from GPFans.com
