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

Aragon MotoGP: Marquez leads warm-up, Lorenzo crashes

Marc Marquez continued his domination of the Aragon Grand Prix weekend by...
4h ago from Motorsport.com

MotoGP Aragon: ‘Jorge's wrong' - Crutchlow...

More handbags as Crutchlow wades into Rossi and Lorenzo drama
18h ago from BikeSportNews.com

Lorenzo says Rossi relationship...

Jorge Lorenzo says his relationship with Yamaha MotoGP teammate Valentino...
1d ago from Motorsport.com

Moto2: Lowes romps to incredible victory

Sam Lowes has romped to victory at Motorland Aragon – and potentially...

Popular On IndyCarToday.com

INDYCAR: Schmidt to get autonomous car license

Sam Schmidt, who has torn up racetracks nationwide in the newest...
15h ago from Racer.com

PRUETT: Pagenaud's American dream

Page 1 of 2 After many years of trying, Simon Pagenaud finally became the...
23h ago from Racer.com

INDYCAR: Newgarden to wave the flag at Penske

What made sense all along is going to become a reality. RACER can report...
4d ago from Racer.com

Hunter-Reay re-ups with Andretti

Ryan Hunter-Reay will remain an Andretti Autosport driver through 2020...
1d ago from Crash.net

Popular On TotalWRC.com

Title chance for Tempestini in Corsica

Italian could secure the title on the penultimate round.
4h ago from WRC.com

South Africa to host WRX finale in 2017

The Killarney International Raceway in Cape Town, South Africa will host...
23h ago from Motorsport.com

Preview Clip Tour de Corse 2016

Preview Clip Tour de Corse 2016
18h ago from WRC.com

Bumper entry list confirmed for RallyRACC –...

The entry list for the upcoming RallyRACC – Rally de Espana has...

Popular On GunnersToday.com

Mesut Ozil makes starstruck young Arsenal fan's day

Arsenal downed their London rivals for the first time since 2011 in...
2h ago from ESPNFC.co.uk

'This should give our players the taste'

Arsène Wenger says his side’s 3-0 win against Chelsea should...
1h ago from Arsenal.com

Mesut Ozil, Alex Iwobi and Alexis Sanchez star as...

Arsenal downed their London rivals for the first time since 2011 in...
3h ago from ESPNFC.co.uk

Wenger hails 'different' Walcott

Theo Walcott is a different player for Arsenal this season, according to...
10h ago from FourFourTwo.com

Comments

Hottest News

2016 Formula 1 Driver Salaries

Ferrari ace Sebastian Vettel on top – the... Read More »
4h ago from ThisIsF1.com

Divorce, fire & 22-hour days... the reality of life in...

F1's lavish lifestyle is reserved only for a... Read More »
3h ago from BBC.co.uk

Button warns Vandoorne about 2017 McLaren challenge

Jenson Button has warned his McLaren replacement... Read More »
1h ago from F1Hub.net

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.