News Details
'11th team to lose prize money'
Bernie Ecclestone is shaking up F1's $698.5m prize fund as no longer will the 11th team be paid a cent.
At present the top ten teams in the Constructors' Championship split the prize fund. However, for the last three seasons those finishing outside the top ten have each received $10m as part of a deal.
Ecclestone, though, has brought that deal to an end.
While the payment clause for the $10m was included in the old Concorde Agreement, this season Ecclestone has signed separate commercial agreements with each team.
The only team that doesn't have a deal is Marussia, who finished 11th last season.
Speaking to the Daily Telegraph, the F1 supremo said "they don't have a commercial...
Full Story »
Full Story »
12y ago from PlanetF1.com
0
You May Also Be Interested In...
Ecclestone cuts prize money for 11th to zero
The team which finishes 11th in the constructors' championship will no...
12y ago from TheF1Times.com
11th placed team set to lose constructors' prize money
Formula One is set to undergo a dramatic change in the awarding of prize...
12y ago from RichlandF1.com
Ecclestone: F1 IPO is going ahead this year
Formula One's initial public offering (IPO) will definitely go ahead in...
12y ago from TheF1Times.com
Elsewhere On The Network
Popular On MGPToday.com
Why Gresini has flirted with leaving Ducati in MotoGP
No description available...
7h ago from Motorsport.com
Jonathan Rea explains why ‘mental management’ will...
Jonathan Rea believes Toprak Razgatlioglu's chances of success in MotoGP...
1d ago from MotorsportWeek.c...
Joan Mir explains why he crashes so often in MotoGP
No description available...
1d ago from Motorsport.com
Andrea Dovizioso: “Marc Marquez’s situation is...
No description available...
2d ago from Motorsport.com
Popular On IndyCarToday.com
Fast-paced schedule proving beneficial for IndyCar’s...
The NTT IndyCar Series recently completed its fourth racing weekend in...
3d ago from MotorsportWeek.c...
Mick Schumacher: “I thought I was ready — but I...
No description available...
5d ago from Motorsport.com
Winners and losers from IndyCar at Barber Motorsports...
No description available...
4d ago from Motorsport.com
Pato O’Ward left searching for answers after...
No description available...
5d ago from Motorsport.com
Popular On TotalWRC.com
Storm damage forces changes to WRC Rally Islas...
No description available...
1d ago from Motorsport.com
Kalle Rovanpera returns to WRC with Subaru
Double WRC Champion Kalle Rovanpera is set to return to the WRC next year...
3d ago from MotorsportWeek.c...
Former FIA vice president and WRC boss Morrie Chandler...
No description available...
6d ago from Motorsport.com
Subaru teases new rally car for Japanese Championship
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Arsenal to bid for game-changer forward after 10 goals...
Anthony Gordon has been linked with a move away from Newcastle United at...
7h ago from CaughtOffside.com
Arteta captivated, Arsenal confident of landing £40m...
Arsenal are interested in signing the Norwegian winger Jens Petter Hauge...
7h ago from CaughtOffside.com
Man United told they must 'overpay' after 'informal...
Myles Lewis-Skelly has been linked with a move away from Arsenal at the...
10h ago from CaughtOffside.com
Comments
Hottest News
Fernando Alonso reveals adorable new baby name
Two-time F1 champion Fernando Alonso has revealed... Read More »
2h ago from GPFans.com
Aston Martin get F1 lifeline as FIA ruling gives crisis...
Further clarity has been offered on F1's new... Read More »
38m ago from GPFans.com
Helmut Marko appeals to FIA amid serious Max Verstappen...
Helmut Marko has called on the FIA to amend the... Read More »
1h ago from RacingNews365.com

























