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F1 teams to get $47-million less than Bernie gave them
Liberty Media today released the Fourth Quarter and Year End 2017 Financial Results for Formula 1, revealing the $47-million hit teams will take in income relative to what was dished out at for 2016. Formula 1's income has been on the decline for some years now and this was expected, but the fall in revenue paid to teams from $966-million in 2016 to $919-million last year is the first time they have received less than a previous year. The dip in income can be attributed to one less round in 2017 compared to 2016, plus the departure of UBS and Allianz among other things. Interestingly income fell by a nominal $12-million (less than one percent) from $1796-million in 2016 to $1784-million...
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7y ago from GrandPrix247.com
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