News Details

Revealed: CVC's 8.4% take from Formula One

Gracing the latest issue of Motor Sport magazine is a cover story which outlines a plan of how Formula One could change after the departure of its current boss Bernie Ecclestone. It is a fascinating piece and although it contains a significant error it happens to be highly thought-provoking in itself.It is found in one of the key contentions in the article which is that 'F1 generates about $1.5 billion a year, but roughly 40 per cent of that leaves the sport and is taken by the owners.' To understand the flaw in this we first need to analyse the structure of the sport's ownership.F1 has nearly 20 separate owners including the sport's governing body the FIA which has a 1% stake as Pitpass...
Full Story »
5mo ago from Pitpass.com 0
Share

You May Also Be Interested In...

No more testing; next stop Melbourne

That’s it now. 12 days’ of pre-season testing have gone in a flash as...
5mo ago from F1Zone.net

Bottas: The Martini partnership is very exciting and...

Bottas: The Martini partnership is very exciting and I’m a big fan of...
5mo ago from GrandPrix247.com

Ecclestone begins search for successor

Formula One supremo Bernie Ecclestone has revealed he is looking for...
5mo ago from SuperSport.com

Bribery trial judge accommodates Ecclestone's F1...

Bribery trial judge accommodates Ecclestone's F1 schedule 5 March, 2014...
5mo ago from GrandPrix247.com

Comments

comments powered by Disqus

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.