News Details

New F1 owner Liberty hints Ferrari to lose $100m bonus

New F1 owner Liberty hints Ferrari to lose $100m bonus F1's new owner Liberty Media has indicated it is serious about taking away the $100 million bonus received by Ferrari each year. Christian Sylt, an F1 business journalist, wrote in Forbes that the extra money received by the fabled Italian team on the basis of its status and history is double that given to Manor, which could collapse prior to the 2017 season. Liberty CEO Greg Maffei indicates the situation is set to stop. 'Thinking about balancing the team payments, so they're a little more balanced and creates more fairness, has to be weighed – in Ferrari's mind, I would expect – by the fact that creating a great platform...
Full Story »
8y ago from ThisIsF1.com 0
Share

You May Also Be Interested In...

Liberty look to cut Ferrari's $100-million annual bonus

Formula 1's new owners Liberty Media are set to take on Ferrari by...
8y ago from GrandPrix247.com

Liberty could scrap Ferrari's $100m bonus

Formula 1's soon-to-be-owners Liberty Media have warned that Ferrari...
8y ago from PlanetF1.com

Liberty considers cutting Ferrari's £80m bonus

This week Liberty Media's shareholders voted to take over F1 in a move...
8y ago from Pitpass.com

Liberty takes aim at Ferrari's $100m bonus

 XPB Images Formula One's new owners Liberty Media Group are...
8y ago from F1i.com

Elsewhere On The Network

Popular On MGPToday.com

Popular On IndyCarToday.com

Race start times for 2026 IndyCar season announced

The NTT IndyCar Series has announced the race broadcast start times for...

Popular On TotalWRC.com

Gregoire Munster confirmed for WRC Monte Carlo in...

The season opener marks a return to the event where Munster claimed his...

Popular On GunnersToday.com

Arsenal conceding late goals is not a defence issue -...

Another fright before Christmas. Arsenal never seem to do it the easy way.
5h ago from SkySports.com

‘This is something he is never going to forget’:...

ayo Saka and Gabriel Magalhães among those playing games with children,...
8h ago from TheGuardian.com

Arsenal 1-1 Crystal Palace (8-7 pens): Own goal, late...

Match report – Player ratings – Arteta reaction – Quotes...
8h ago from Arseblog.com

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.