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Liberty look to cut Ferrari's $100-million annual bonus
Formula 1's new owners Liberty Media are set to take on Ferrari by cutting the $100 million bonus received by the sport's most famous team, while smaller teams get a much smaller slice of the billion dollar pie and struggle to survive. Ferrari has competed in the Formula 1 championship since it's inception in 1950 and in return it gets the biggest chunk of appearance money for simply turning up at a grand prix, thanks to a carefully negotiated accord under the auspices of the Concorde Agreement. Liberty are seriously considering redistributing the wealth that abounds in the F1 paddock, with Ferrari top of the big teams who will be affected by the plan. But the American media company...
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8y ago from GrandPrix247.com
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