News Details
Carey: 'No free lunches' as F1 invests to overcome short-termism
New Formula 1 CEO Chase Carey says that he's focussed on long-term expansion plans and warned teams of tougher times ahead, saying that there will be 'no free lunches'. Carey was quoted in an official Formula 1 interview after it emerged that this year's total prize fund was down £31m compared to 2016. The downturn is a result of increased investment in staff, infrastructure and promotional activities since Liberty Media's takeover. "We were clear that really in the short-term we're investing in building the sport for the longer-term," Carey explained. "I've said it before: I think the sport has been underserved by a continual short-term focus [under Bernie Ecclestone]. I...
Full Story »
Full Story »
You May Also Be Interested In...
F1 hurt by previous short-term focus – Carey
Formula 1 CEO Chase Carey says overhauling the sport’s approach and...
8y ago from Crash.net
Carey: There are no free lunches
Amid reports that Ferrari and Mercedes are not terribly impressed with...
8y ago from GrandPrix247.com
Formula 1 to introduce new logo on Sunday
Formula 1 CEO Chase Carey has revealed that the sport will unveil its new...
8y ago from F1i.com
Carey: New F1 logo to provide a fresh energy
Formula 1 will unveil a new logo after Sunday's season finale Abu Dhabi...
8y ago from GrandPrix247.com
Elsewhere On The Network
Popular On MGPToday.com
Marc Marquez propels MotoGP to record figures in 2025
No description available...
2h ago from Motorsport.com
Pirelli outlines 2026 MotoGP test plans ahead of 2027...
Pirelli has officially outlined when it plans to test its new MotoGP...
6h ago from MotorsportWeek.c...
F1 World Champion Lando Norris offered MotoGP...
F1 World Champion Lando Norris has been offered an opportunity to ride a...
1d ago from MotorsportWeek.c...
This is what the 2027 Honda MotoGP bike will be called
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
IndyCar boss Doug Boles explains new officiating system
No description available...
17h ago from Motorsport.com
Chip Ganassi Racing completes four-car roster for 2026...
No description available...
23h ago from Motorsport.com
Momentum building for IndyCar’s inaugural Arlington...
No description available...
1d ago from Motorsport.com
Simpson hoping Sunoco partnership grows into...
No description available...
2d ago from Motorsport.com
Popular On TotalWRC.com
Hyundai to run a WRC2 spec machine in 2027?
Hyundai has said it is considering a brand new WRC2 car for the 2027...
2h ago from MotorsportWeek.c...
Project One confirms WRC27 entry
Founded by experienced motorsport engineer Lionel Hansen alongside former...
2h ago from MotorsportWeek.c...
Does Martins Sesks have a future with M-Sport in WRC?
No description available...
4h ago from Motorsport.com
Popular On GunnersToday.com
'I actually think is a better player than Gyokeres' -...
Liverpool legend Jamie Carragher has boldly claimed that Gabriel Jesus is...
2h ago from SportsKeeda.com
Ian Wright says he would 'take' this disrespected Man...
Arsenal legend Ian Wright has slammed the way Manchester United handled...
2h ago from CaughtOffside.com
The fear of being perceived
A few years ago I read an article about why young people are drinking less...
4h ago from Arseblog.com
Comments
Hottest News
How much prize money will each F1 team receive from 2025?
As F1 prepares to head into a new era, Liberty... Read More »
4h ago from MotorsportWeek.com
'Big Daddy' Zak Brown reveals who 'terrifies' Norris and...
McLaren F1 boss Zak Brown, aka 'Big Daddy,... Read More »
1h ago from GPFans.com
Ferrari flounders with Williams on the rise –...
Come the end of another F1 season and the end of... Read More »
2h ago from MotorsportWeek.com
