Formula One teams angry over cost cutting

The financial pressures on Formula One are causing divisions between teams and their owners. The teams are demanding a bigger share of the sport’s revenues, after it was revealed that their owners are paying a large interest bill to service the sport

15th November, 2008

The financial pressures on Formula One are causing divisions between teams and their owners. The teams are demanding a bigger share of the sport’s revenues, after it was revealed that their owners are paying a large interest bill to service the sport’s €4 billion in debts, writes Linda Maher.

The teams are unhappy that they are facing cost-cutting measures to pay for the interest. Accounts for CVC Capital, which bought the...

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