News Details
11th placed team set to lose constructors' prize money
Formula One is set to undergo a dramatic change in the awarding of prize money ahead of the sport's flotation on the Singapore stock exchange.
As reported by The Telegraph, Bernie Ecclestone is set to make the changes as the sport looks to prevent costs from spiralling. For 2013, a new pay-out system has been instigated which has seen prize money rise from 50 per cent to 63 per cent of the sport's operating profit.
Following the entry of Team Lotus (now Caterham), Virgin (now Marussia) and HRT (now defunct) to the sport in 2010, then-FIA president Max Mosley agreed a deal that would see the two teams that finished outside of the top ten receive a base $10m prize at the end of the...
Full Story »
Full Story »
13y ago from RichlandF1.com
0
You May Also Be Interested In...
Bahrain GP stupid - Ecclestone
Formula 1 boss Bernie Ecclestone believes the Bahrain government were...
13y ago from BBC.co.uk
Briatore: 'No reason for me to return to F1'
Former team principal Flavio Briatore says he sees no reason to return to...
13y ago from TheF1Times.com
Tyre talk dominating 2013 season
Amid all the noise and criticism surrounding Pirelli's approach to formula...
13y ago from GrandPrix.com
Elsewhere On The Network
Popular On MGPToday.com
Ducati announces Marc Marquez contract extension...
No description available...
58m ago from Motorsport.com
Marc Marquez renews with Ducati through 2028 MotoGP...
Marc Marquez has agreed to a two-year contract extension to remain with...
48m ago from MotorsportWeek.c...
MotoGP bans front holeshot devices immediately, tweaks...
No description available...
15h ago from Motorsport.com
Pirelli's test in Brno ends with Aprilia on top and...
No description available...
11h ago from Motorsport.com
Popular On IndyCarToday.com
HRC US boss apologizes to Armstrong for “failure”...
No description available...
11h ago from Motorsport.com
How Christian Lundgaard went from zero to hero at Road...
No description available...
15h ago from Motorsport.com
David Malukas upbeat despite another near miss for...
On Sunday’s IndyCar race from Road America, David Malukas crossed the...
14h ago from MotorsportWeek.c...
Will Power and Graham Rahal at odds over last lap...
On the final lap of Sunday’s IndyCar event from Road America, veterans...
19h ago from MotorsportWeek.c...
Popular On TotalWRC.com
Vital step made towards USA return on 2027 WRC calendar
No description available...
3d ago from Motorsport.com
FIA president sets timeline to announce new WRC...
No description available...
4d ago from Motorsport.com
Kalle Rovanpera ready to resume motorsport career...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Odegaard assists, Messi breaks the record, Rogers and...
Morning all. Let's start with the Arsenal interest in yesterday's games,...
1h ago from Arseblog.com
Arsenal and Chelsea hit with huge £100m-plus transfer...
Aston Villa have made it clear that they do not want to sell Morgan Rogers...
4h ago from CaughtOffside.com
Arsenal face Real Madrid problem in race for 70m...
Arsenal’s pursuit of Ayyoub Bouaddi has taken a worrying twist, with...
4h ago from CaughtOffside.com
Arsenal make Villa’s Morgan Rogers their No 1 target...
t;li>Champions expected to make an approach for forwardFee could be...
11h ago from TheGuardian.com
Comments
Hottest News
F1 fans go wild over Lewis Hamilton new look for Silverstone
F1 fans on social media are going wild over... Read More »
38m ago from GPFans.com
The secret Lewis Hamilton trick which triggered Ferrari...
A secret hack being used by Lewis Hamilton at... Read More »
2h ago from GPFans.com
Liam Lawson reflects on his two disastrous Red Bull races:...
Liam Lawson has revealed that his brief stint... Read More »
1h ago from GPFans.com
