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Liberty: Increasing teams value key to boosting F1 'ecosystem'
Liberty Media CEO Greg Maffei says that increasing the value of F1's teams was a crucial part of fortifying the sport's "ecosystem" as a whole. A transformation of Formula 1's commercial structure through the introduction of a budget cap and a hike in the prize money paid to the teams according to the Concorde Agreement has significantly impacted each outfit's income and bottom line, and therefore its overall value. Maffei said that enhancing the teams' monetary worth was a prerequisite to boosting F1's value as a whole. "One of the important things was to help the ecosystem," Maffei explained on F1's third quarter confernec call with Wall Street analysts. "...
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