Hertz, British MotoGP Extend Deal Leverkusen Director Asks For Change 24-Round AFL Season Gains Momentum Red Bull Sends Youth Team To Russia Investigators Say IAAF Covered Doping NRL Execs: Clubs Need Bodyguards Socceroos Score Top Rating For SBS League Notes Tough Times For Aussie Rugby Union AS Monaco Facing Taxing Times
Currency Converter
Enter amount in full numerical value, without currency symbol or commas (ex: 3000000).
| From: | |
| To: | |
Upcoming Conferences and Events
SBD Global/September 4, 2012/Leagues and Governing Bodies
FIA Proposal Would Drastically Increase Entry Fees For F1 Teams
Published September 4, 2012
Motorsports governing body FIA is considering a drastic "increase of the entry fee for F1 teams," according to Rencken & Nimmervoll of MOTORSPORT-TOTAL.com. The fight regarding money distribution in F1 between FIA and F1 CEO Bernie Ecclestone "could lead to a cost explosion for the teams." Under the current circumstances a team like Red Bull Racing "has to pay an entry fee of" €305,000 ($384,280) a year. Based on Red Bull's '11 numbers, "the new proposal would bump the team's fees up to" €5.25M ($6.15M) annually. Under the new proposal the entry fee for teams "would increase from €305,000 to €700,000" ($881,945) plus an additional €7,000 ($8,820) "for each championship point." Red Bull accumulated a total of 650 championship points in '11. Reason for FIA proposal "is the organization's tight financial situation and Ecclestone's unwillingness to share the racing series' revenue with FIA." In addition to the increase in entry fees, FIA is also considering to "increase the fees for the 'Super License' for F1 drivers along with fines and other FIA services" (MOTORSPORT-TOTAL.com, 9/2).
HEADS UP: The BBC's Andrew Benson reported that F1 bosses "hope to introduce additional driver head protection" in time for the '14 season. The issue has arisen again after the crash at Sunday's Belgian Grand Prix, when Romain Grosjean's "flying Lotus narrowly missed Fernando Alonso's head." McLaren Design Boss Paddy Lowe, a head protection expert, said: "It once again showed one of F1's biggest safety exposures is the open cockpit" (BBC, 9/3).
Return to top
HEADS UP: The BBC's Andrew Benson reported that F1 bosses "hope to introduce additional driver head protection" in time for the '14 season. The issue has arisen again after the crash at Sunday's Belgian Grand Prix, when Romain Grosjean's "flying Lotus narrowly missed Fernando Alonso's head." McLaren Design Boss Paddy Lowe, a head protection expert, said: "It once again showed one of F1's biggest safety exposures is the open cockpit" (BBC, 9/3).
