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
MotoGP completes investigation into Brazilian GP...
No description available...
9h ago from Motorsport.com
Maverick Vinales and Jorge Lorenzo's partnership cools...
No description available...
14h ago from Motorsport.com
Jorge Martin: Brazilian MotoGP podium ‘feels...
Jorge Martin admits that his double podium from the Brazilian MotoGP...
13h ago from MotorsportWeek.c...
Ducati: “We can’t always rely on Marc Marquez to...
No description available...
18h ago from Motorsport.com
Popular On IndyCarToday.com
Will Power compares ‘military-like’ Andretti to...
When Will Power signed a contract to join Andretti Global for the 2026...
6h ago from MotorsportWeek.c...
Will Power: “You cannot have a weakness” going...
No description available...
7h ago from Motorsport.com
Carb day concert line-up announced for Indy 500
Indianapolis Motor Speedway has announced which bands will be playing on...
12h ago from MotorsportWeek.c...
Legacy Grand Prix of Long Beach promoter Jim...
No description available...
3d ago from Motorsport.com
Popular On TotalWRC.com
Takamoto Katsuta backs Kalle Rovanpera to “come back...
No description available...
1d ago from Motorsport.com
Kalle Rovanpera’s Super Formula programme suspended...
No description available...
3d ago from Motorsport.com
Kalle Rovanpera’s Super Formula programme paused...
No description available...
3d ago from Motorsport.com
WRC Safari Rally Kenya: Oliver Solberg wants more rain...
No description available...
3d ago from Motorsport.com
Popular On GunnersToday.com
Arsenal's Eze suffers injury set-back just as he was...
Arsenal's Eberechi Eze is set to miss several weeks because of a calf...
6h ago from SkySports.com
Man United draw up four-man shortlist including...
Manchester United are interested in signing the highly-rated Arsenal...
7h ago from CaughtOffside.com
Eberechi Eze injury: The key Arsenal games he will...
Eberechi Eze has suffered an injury which comes as a major blow for...
9h ago from CaughtOffside.com
Paul Merson makes prediction about Arsenal facing...
Premier League legend Paul Merson has questioned whether Arsenal can beat...
14h ago from SportsKeeda.com
Comments
Hottest News
Alonso set ot sit out the opening practice in Japan
Aston Martin has announced that Third Driver Jak... Read More »
52m ago from F1Technical.net
Aston Martin set for more F1 pain as Honda issue official...
Aston Martin appear set to endure another weekend... Read More »
7h ago from GPFans.com
Mercedes front wing under scrutiny after reports of...
Rumblings in the Formula 1 paddock have... Read More »
5h ago from F1Technical.net
