News Details

F1's profits reverse by £80m due to new deal with teams

Formula One's profits fell by £81.2m to £169.9m last year driven by a new deal with the 11 teams according to an article in the Daily Telegraph by Christian Sylt.In the year to 31 December 2013 the teams' prize money increased 6.1% to a record £473.8m making it the single biggest cost for F1's Luxembourg-based parent company Delta 2.It calls into question the claim, which has long been advocated by some teams, that F1's controlling shareholder, the private equity firm CVC, gets an unfairly-high share of the spoils. In fact it is the latest in a series of revelations which has cast doubt over the validity of this claim.The first was in analysis in the CityAM newspaper, and...
Full Story »
10mo ago from Pitpass.com 0
Share

You May Also Be Interested In...

No Formula 1 customer teams in 2015 says Honda boss

Yasuhisa Arai Honda's Formula 1 boss revealed that the Japanese...
10mo ago from GrandPrix247.com

F1 looking to launch Historic Masters Series

The likes of Nigel Mansell, Nelson Piquet and Martin Brundle might soon be...
10mo ago from TheF1Times.com

Dennis hits back at Horner's stance on Fallows

Christian Horner and Ron Dennis Ron Dennis is keeping the pressure on Red...
10mo ago from GrandPrix247.com

Ricciardo says Red Bull pleasnatly surprised by his...

t">Daniel Ricciardo Daniel Ricciardo believes his performances...
10mo ago from GrandPrix247.com

Elsewhere On The Network

Popular On MotoGPToday.com

VIDEO: Iannone - The Ducati is fantastic!

Andrea Iannone has high hopes for the 2015 MotoGP World Championship...
22h ago from Crash.net

Miller: We need to work on saving tyres

Jack Miller's promotion to MotoGP has set tongues wagging up and down the...
14h ago from MotorcycleNews.c...

Sepang Michelin test ends in fast crashes for front...

The first test of next season’s new MotoGP control Michelin tyres has...

Pedrosa not worried about lack of a fast time

Dani Pedrosa spent the week working on the Honda engine and having...
14h ago from MotorcycleNews.c...

Popular On TotalWRC.com

Rally Mexico: Event timetable

Complete event timetable for Rally Mexico, the third round out of 13 in...
11h ago from Crash.net

Rally Mexico: Sky-high round for the DS 3 WRCS

At close to 2,800 metres above sea level, the Citroën Total Abu Dhabi...
13h ago from Motorsport.com

Neuville relishes Rally Mexico return

Thierry Neuville is targeting a podium finish for the third year in a row...
16h ago from Crash.net

Mexico countdown: rally route

The WRC returns to hot gravel roads for the first time since the opening...
17h ago from WRC.com

Popular On GunnersToday.com

Latest Arsenal Accounts Reveal Record Signing On...

Reports are out claiming that Arsenal have announced a pre-tax profit of...
2h ago from Nastytackle.com

Prediction: Arsenal vs Everton

Arsenal host Everton on Sunday afternoon in the latest Premier League...
11h ago from FreshArsenal.com

Wenger to shake up the back line, Ospina dropped:...

The Gunners have a fantastic opportunity to respond to their catastrophic...
10h ago from AllArsenal.com

Gerard Houllier Slams 'Dreadful' Arsenal Defense

Reports are out claiming that former Liverpool boss Gerard Houllier was...
9h ago from Nastytackle.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.