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‘Only top 10 F1 teams to get prize money’

Bernie Ecclestone has made clear that Formula One will pay prize money to only the top 10 teams from the end of this season. Since 2010, payments have been made to the 11th and 12th-placed teams to help three newcomers on reduced budgets who came in after the abrupt departure of major manufacturers Honda, Toyota and BMW. There are now 11 teams remaining after the demise last year of Spanish-based HRT. "For three years we did something different because we had an agreement with (former FIA president) Max (Mosley) but from now on we will pay the top 10 and that's it," Ecclestone told Monday's Daily Telegraphnewspaper. The confidential Concorde Agreement that governs the sport...
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