News Details

Lopez: Smaller teams to get base payment

– Lotus boss Gérard Lopez says the smaller teams in Formula 1 are to get a "base payment" to ensure their survival.The news comes after Lotus, Force India and Sauber threatened a boycott ahead of the United Sates Grand Prix, unhappy with the unequal distribution of the prize money.That threat followed the demise of minnows Caterham and Marussia, with both recently placed into administration."I think there is a way to solve this crisis, probably even to get to a proposal before Brazil, in which case I do not see the point in doing anything drastic," Lopez told reporters."I know CVC [Formula 1's owners] and Bernie [Ecclestone] have been looking at this. It is...
Full Story »
10y ago from GPUpdate.net 0
Share

You May Also Be Interested In...

Lopez: Survival of small F1 teams requires a bit of...

Gerard Lopez seeks an amicable resolution to the cash crisis in F1 Formula...
10y ago from GrandPrix247.com

Smaller teams closing on revenue break, but big...

+ Formula 1’s smaller teams could be set for a ‘base payment’ to...
10y ago from RichlandF1.com

Smaller F1 teams to get ‘base payment’

Lotus team principal Gerard Lopez says smaller teams are set to receive a...
10y ago from Crash.net

F1 in talks over resolution to financial crisis

A deal to help safeguard the future of Formula 1’s smaller operations...
10y ago from SpeedCafe.com

Elsewhere On The Network

Popular On MGPToday.com

Joan Mir will ‘go to bed satisfied' after...

Joan Mir admitted that he will "go to bed satisfied" after...
12h ago from MotorsportWeek.c...

WorldSBK champion Toprak Razgatlioglu switches to...

After years of speculation, two-time WorldSBK champion Toprak...

Popular On IndyCarToday.com

Louis Foster gains new sponsor for rest of IndyCar...

Rahal Letterman Lanigan Racing rookie Louis Foster will sport a new look...

Santino Ferrucci issued post-race penalty but keeps...

The NTT IndyCar Series has issued a penalty to the #14 entry of Santino...

Louis Foster reveals likely cause of scary 180MPH...

On lap 84 of Sunday’s Detroit Grand Prix, Louis Foster was involved in...

Popular On TotalWRC.com

Popular On GunnersToday.com

Arsenal looking to leapfrog Manchester United in bid...

Arsenal are actively looking to beat Manchester United and other...
6h ago from SportsKeeda.com

Arsenal target rejected chance to join Saudi club...

Benjamin Sesko has reportedly turned down a move to the Saudi Pro League...
10h ago from SportsKeeda.com

No offers received for Gyokeres, says Sporting...

Sporting have not received any offers for Viktor Gyokeres and the striker...
11h ago from SkySports.com

Arsenal boss Mikel Arteta believes Real Madrid man...

Arsenal manager Mikel Arteta believes that Real Madrid forward Rodrygo...
13h ago from SportsKeeda.com

Comments

Hottest News

2025 Le Mans 24 Hours - Qualifying - Day 1 results

Check out the full qualifying results from Day 1... Read More »
7h ago from RacingNews365.com

Geri Halliwell dishes the details on her and Christian...

Geri Halliwell-Horner has provided a rare insight... Read More »
5h ago from GPFans.com

Alonso 'considers' huge move to close F1 chapter

Two-time champion Fernando Alonso appears to be... Read More »
16h ago from GPFans.com

Recent News


2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.