News Details

Teams ‘nervous' about dwindling prize money

Former Caterham team principal Manfredi Ravetto says teams will receive far less prize money due to COVID-19 and are worried about it. Each team receives prize money at the end of a season based on where they finished in the Constructors' Championship, and it's a crucial part of their funding. Given this, Ravetto believes that there is concern throughout the grid over the fact that the numerous race cancellations in 2020 and other factors have apparently made the amount F1 can pay out smaller. “Due to the cancellation of many Grands Prix that pay big fees, and less income from sponsorship and merchandising, the prize pool that is available to the teams is less,” he told Formule 1's...
Full Story »
4y ago from PlanetF1.com 0
Share

You May Also Be Interested In...

Mercedes pay price of success with less tunnel time

Mercedes, winners of the 2020 championship, are paying the price for last...
4y ago from PlanetF1.com

F1 announces it will be offering less in 2021

The 2021 F1 calendar start times have been published, with Grands Prix...
4y ago from TheParcFerme.com

F1 teams raise money with new Virtual Grands Prix...

The Virtual Grands Prix launched last year are returning. The series...
4y ago from GPBlog.com

Mick Schumacher unfazed by F1 spotlight

Mick Schumacher isn't worried about the attention that will be on him...
4y ago from PlanetF1.com

Elsewhere On The Network

Popular On MGPToday.com

Popular On IndyCarToday.com

IndyCar looking to add ‘more events, not just...

IndyCar has identified a need to make sure future races on the calendar...

JHR retains Sting Ray Robb for second season

Juncos Hollinger Racing has confirmed that Sting Ray Robb will remain...

Aggressive testing schedule planned ahead of Mick...

Following confirmation Mick Schumacher will make a switch to IndyCar next...

Popular On TotalWRC.com

Popular On GunnersToday.com

Injuries testing Arsenal's depth as 'clusters' take a...

The manner of Arsenal's defeat to Aston Villa, sealed with effectively the...
3h ago from SkySports.com

'When you want to achieve something, you have to be...

Former Arsenal attacker Lukas Podolski has urged his former club to...
7h ago from SportsKeeda.com

Liverpool and Arsenal interested in signing...

Liverpool and Arsenal are reportedly interested in signing Paris...
7h ago from SportsKeeda.com

Salah fallout, Arsenal slip and a wild World Cup draw...

Rushden is joined by Barry Glendenning, John Brewin and Seb Hutchinson to...
6h ago from TheGuardian.com

Comments

Hottest News

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.