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Horner accepts less prize money for a better future
Red Bull's Christian Horner believes Liberty Media's investment spree will initially set the teams back financially, but it will also prepare the sport for a prosperous future. Teams will see their prize money revenue fall this year as a direct result of increased spending by The Formula One Group as the sport's owners invest in its future. While several teams have voiced their concern, Horner isn't worried, insisting the investment plan is a necessity and akin to taking one step back today in order to move two steps forward tomorrow. "You have to invest in the business to accumulate and I think Liberty has had a big learning year," says the Red Bull boss. "They have done a...
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