Thursday August 6, 2020

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...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

2 Yearly

€315

€248

Unlimited Access for 2 Years

This product does not auto-renew

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

The best writing and and the biggest stories of 2019 from the Business Post

Richie Oakley | 7 months ago

Denis O’Brien is back in court, residents continue to fight the Council on halting site and a row surfaces in government over rent control proposals

Leanna Byrne | 4 years ago