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FIA completing push for bigger slice of F1 revenue
Dec.4 The FIA is close to completing a successful push for a bigger slice of Formula 1′s substantial financial pie, according to a report by the respected financial source Bloomberg.
Citing ‘two people familiar with the situation', the media report said the now Jean Todt-led Paris federation is set to boost its coffers to about $40 million per year.
That represents a 40 per cent revenue increase, thanks to a new deal with F1′s owner CVC and much higher entry fees paid by successful teams like Red Bull.
Bloomberg said the reigning champion team, for example, will pay $3.3 million simply to enter the 2013 championship, which is ten times what it paid last year.
Runners-up...
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13y ago from YallaF1.com
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