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 »
2y 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...
2y ago from GrandPrix247.com

F1 looking to launch Historic Masters Series

The likes of Nigel Mansell, Nelson Piquet and Martin Brundle might soon be...
2y 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...
2y ago from GrandPrix247.com

Ricciardo says Red Bull pleasnatly surprised by his...

t">Daniel Ricciardo Daniel Ricciardo believes his performances...
2y ago from GrandPrix247.com

Elsewhere On The Network

Popular On MGPToday.com

Yamaha have encouraging day on development Michelins

The Movistar Yamaha team of Jorge Lorenzo and Valentino Rossi had an...

Video: Valentino Rossi - The Doctor series trailer

Everybody knows Valentino Rossi as an icon of motorcycle racing but what...

Suzuki winglets ‘not a huge improvement’

Suzuki rider Aleix Espargaró has admitted that the GSX-RR’s new front...

Petrucci to make MotoGP return at Le Mans

Danilo Petrucci will make his MotoGP comeback for next weekend's Le Mans...
3h ago from Motorsport.com

Popular On IndyCarToday.com

IndyCar: 2017 spec aerokit requires “consensus"

With debate in the IndyCar paddock about whether the series should revert...
1d ago from Motorsport.com

Stefan Wilson confirmed for Indy 500 start

Stefan Wilson will honour his late brother after his entry in the 100th...
2d ago from SpeedCafe.com

Crucial mileage for Brabham ahead of Indy

Pirtek Team Murray rookie Matthew Brabham has completed a successful test...
2d ago from SpeedCafe.com

Pagenaud streaks to tense Alabama IndyCar win

French ace Simon Pagenaud continued his blistering form to win a hectic...
3d ago from SpeedCafe.com

Popular On TotalWRC.com

New Zealand APRC: Kreim heads Gill in Team MRF 1-2...

Fabian Kreim headed teammate Gaurav Gill at the end of the opening day of...
4h ago from Motorsport.com

Veiby, Koci return to Junior WRC

Junior series attracts 11 entries for Portugal
39m ago from WRC.com

Safety praise for YPF Rally Argentina

Teams and drivers congratulate rally organisers
2h ago from WRC.com

Funding restored for Rally Australia

The Coffs Harbour City Council has reversed its controversial decision to...
16h ago from Motorsport.com

Popular On GunnersToday.com

Arsenal star Santi Cazorla all smiles as he trains...

Arsenal star Santi Cazorla all smiles as he trains ahead of a potential...
1h ago from DailyMail.co.uk

Arsenal boss Arsene Wenger told: It's time to quit

GETTY TIME TO GO: Arsene Wenger has been told to step aside by Charlie...
3h ago from DailyStar.co.uk

Man United plot move for Leicester ace: This would be...

GETTY TARGET: There's a feeding frenzy for one of the players of the year...
11h ago from DailyStar.co.uk

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.