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F1 team prize money takes $50m dip in 2017
Photo by: www.kymilman.com/F1 Autosport's leading sentence is, 'The 10 Formula 1 teams collectively received $47million less than the previous year during the first season of Liberty ownership' and we've discussed this at length during several of our podcasts before. The increase in FOM staff, new offices, London Live event added to costs. Additionally, CEO Chase Carey's desire to engage in more marketing events, fan outreach, and a new F1 TV service intended to increase F1's appeal and gain new viewers has been a cause of the increase also. Chase said: 'We've settled into our new London headquarters,' he said on Thursday. 'With headcount currently around 120, expecting to settle around...
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