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Horner: F1 bracing for payment drop until 2021
Red Bull team principal Christian Horner fears Formula 1 teams could feel the pinch of Liberty Media’s changes to the sport until potentially 2021 as the new owners invest in other areas with the aim of improving the overall picture. F1 teams have seen a small dip in prize money from the 2017 season as Liberty has injected money into key switches which include rebranding the sport, new fan engagement ideas and moving its headquarters. Liberty has also invested in new staff and personnel to fill the void of removing previous head Bernie Ecclestone, with Horner hints the loss of the Malaysian Grand Prix this year also made a dent into overall revenues. While Horner has faith in Liberty’s...
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