News Details
$10m fund for 2010 new teams to end
By Editor on Monday, April 29, 2013 Bernie Ecclestone has said that Caterham and Marussia will no longer receive $10m on an annual basis.
The lump sum was paid to the three teams who joined the grid in 2010 but this has now ceased. Only the top 10 teams will receive money under the new proposed Concorde Agreement.
Marussia currently holds 10th place in the championship courtesy of Jules Bianchi's 13th place in Malaysia.
The two teams held unsuccessful merger talks over the winter.
Ecclestone also confirmed to The Daily Telegraph that he plans to float the sport on the Singapore stock exchange.
'We have agreed to do it. It will happen this year and it will be up and running. CVC is getting...
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12y ago from F1Zone.net
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