News Details
Teams prize money drops $45m under Liberty
Latest results reveal that the teams will receive $45m less in prize money than before Liberty Media bought the sport last year. The figures reveal that in the period April - June the teams received $307m in prize money which is down 7% on the same period last year. However, as Forbes reveals, contrary to some media reports, the teams haven't taken a $23m hit on 2017 as Liberty's documents clearly state that 'team payments are recognized pro rata with the number of races'. With 21 races this year, as opposed to 20 in 2017, the pro rata payment has reversed and as a result the total amount of prize money will in fact rise. Indeed, the total prize money of $921m is a $2m increase on 2017......
Full Story »
Full Story »
7y ago from Pitpass.com
0
You May Also Be Interested In...
Why three teams could cost Force India more than $100m
Force India's fall into administration has been well documented over...
7y ago from MotorsportWeek.com
Is F1 'more fun' under Liberty Media?
Chase Carey says Formula 1 races have become "more fun" in 2018...
7y ago from GPFans.com
Liberty Media "on the right path" to improve...
Liberty Media CEO Chase Carey has said that although it's too early to...
7y ago from GPBlog.com
Chase Carey: F1 is more fun in Liberty era
Chase Carey believes that Formula One has become more "fun"...
7y ago from GPBlog.com
Elsewhere On The Network
Popular On MGPToday.com
Enea Bastianini: 'You get scared at Balaton; changes...
No description available...
18h ago from Motorsport.com
Honda confirms Luca Marini to remain a factory rider...
Honda Racing Corporation has confirmed Luca Marini will remain as its...
22h ago from MotorsportWeek.c...
MotoGP riders reveal first laps of new Balaton Park...
No description available...
23h ago from Motorsport.com
Luca Marini signs contract extension with Honda ahead...
No description available...
23h ago from Motorsport.com
Popular On IndyCarToday.com
Scott McLaughlin praises Kyffin Simpson after titanic...
Two Team Penske drivers finished on the podium in IndyCar’s season...
13h ago from MotorsportWeek.c...
Louis Foster narrowly secures IndyCar Rookie of the...
After a season-long battle with two other rookies in the NTT IndyCar...
19h ago from MotorsportWeek.c...
Winners and Losers of the 2025 IndyCar Nashville...
No description available...
1d ago from Motorsport.com
Penske’s Josef Newgarden wins wild 2025 IndyCar...
No description available...
1d ago from Motorsport.com
Popular On TotalWRC.com
Sebastian Ogier wants WRC title by “winning...
No description available...
17h ago from Motorsport.com
Toyota’s Sebastien Ogier races to thrilling comeback...
No description available...
1d ago from Motorsport.com
WRC championship twist as Hyundai retires Adrien...
No description available...
1d ago from Motorsport.com
Sebastian Ogier and Vincent Landais win inaugural...
After dropping over half a minute on the opening day to winning Rally del...
1d ago from MotorsportWeek.c...
Popular On GunnersToday.com
Piero Hincapie signs + full summer transfer window...
Morning. The transfer window of summer 2025 closed yesterday, and as...
16m ago from Arseblog.com
Arsenal complete Hincapie loan deal
Arsenal have completed a deal with Bayer Leverkusen to sign Piero Hincapie...
12h ago from SkySports.com
Report: Arsenal pull off double deal on deadline day...
Arsenal outcasts Albert Sambi Lokonga and Fabio Vieira are now joining...
14h ago from CaughtOffside.com
Arsenal's hectic Deadline Day completes...
Arsenal's busy transfer window ended with an eighth signing in defender...
12h ago from SkySports.com
Comments
Hottest News
Naomi Schiff delivers parting message after final Sky...
Sky Sports F1 pundit Naomi Schiff delivered a... Read More »
16m ago from GPFans.com
Toto Wolff confirms Mercedes F1 2026 driver lineup as major...
Toto Wolff has confirmed Mercedes’ F1 driver... Read More »
1h ago from GPFans.com
F1 News Today: Lewis Hamilton handed lifeline as champion...
Lewis Hamilton has been handed a five-place grid... Read More »
2h ago from GPFans.com
