Liberty offer to cushion revenue blow for F1 teams

ABU DHABI (Reuters) - Commercial rights holder Liberty Media has offered Formula One teams cash advances to cushion the blow of reduced revenues caused by increased investment in the sport, Red Bull team boss Christian Horner said on Friday.

U.S.-based Liberty took over Formula One in January and has been spending on infrastructure and putting a marketing operation in place.

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Motorsport
Motor racing-Verstappen title win would be bookmaker's nightmare
Motor racing-From hunted to hunter, comeback king Verstappen chases fifth title
Motor racing-Tsunoda can hope for a second chance, says Red Bull boss Mekies
Motor racing-Norris quicker than Verstappen in Abu Dhabi practice, Piastri lags
Motor racing-McLaren will use team orders if necessary to secure F1 title-Brown
Motor racing-Norris says F1 title means everything and he has most to lose ahead of Abu Dhabi decider
Indian actor Ajith swaps film set for fast lane in Sepang
Motor racing-No regrets about Red Bull move, says Tsunoda
Motor racing-Everything is a bonus for relaxed Verstappen
Motor racing-Norris won't ask Piastri to gift him F1 title in Abu Dhabi

Trending in Sport

Others Also Read

Load more

Copyright © 1995- Star Media Group Berhad [197101000523 (10894-D)]

Best viewed on Chrome browsers.