From GMM
Ahead of a crucial meeting about Formula 1's future on Thursday, the inequality of the sport's secret payments system has been exposed. According to The Times newspaper, the revealed figures will put Bernie Ecclestone "under severe pressure" to scrap the system that saw Ferrari receive from the commercial rights holders $164 millions, $37 million more than champions Mercedes AMG last year. And the difference in income paid to the big teams like Red Bull (with $156 millions) - who "bizarrely" also got more than champions Mercedes - and the struggling midfielders including Force India and Sauber, is revealed to be up to $50 million per year. "How can the smaller teams possibly organise their budgets or compete when the figures are so unequal?" said a business strategy expert. "These figures show why some sponsors will not take risks by going into F1," he added. Another source told the newspaper: "The sport treats small independents abominably with a payments system that is hopeless, unfair and divisive." Recent Articles
|
Racing Multimedia
Recommendations |