News Details
Carey’s salary based on F1’s financial results, says Liberty
Formula 1 CEO Chase Carey’s remuneration is heavily tied to the financial performance of the organisation he runs, Liberty Media has confirmed. The news comes as Liberty’s overall results showed that in April to June F1 earned revenues of $616m, up 3 percent on the equivalent period last year, when Bernie Ecclestone was still in charge. However, operating income fell from $90m to $45m, a drop of 50 percent, as operating expenses and others costs rose. Expanding on Carey’s arrangements Liberty boss Greg Maffei noted: “We don’t plan to publish his contract, but I did want to share with you the fact that the substantial majority of Chase’s compensation is performance related, and...
Full Story »
Full Story »
8y ago from Motorsport.com
0
You May Also Be Interested In...
Mazepin very much on Force India’s watchlist
It looks like Russian Nikita Mazepin will continue to be associated with...
8y ago from Motorsport.com
Hulkenberg: Kubica "quite impressive" in...
Nico Hulkenberg says he was impressed by Robert Kubica completing over 140...
8y ago from Motorsport.com
F1 has a ‘5-year-plan’ for United States – Chase...
Chase Carey says he will not rush to set up a second race in the United...
8y ago from ThisIsF1.com
Haas: Right approach to 2016 prevented sophomore slump
The Haas Formula 1 team says its 2017 results show its tactic of an early...
8y ago from Motorsport.com
Elsewhere On The Network
Popular On MGPToday.com
MotoGP legend shares how ‘different level’ Marc...
Five-time 500cc champion Mick Doohan believes the way Marc Marquez...
6h ago from MotorsportWeek.c...
Fabio Quartararo staying “a little bit out” of...
No description available...
8h ago from Motorsport.com
Trackhouse boss reveals steps MotoGP must take to...
Trackhouse owner Justin Marks has revealed how he plans to promote his...
1d ago from MotorsportWeek.c...
Aleix Espargaro to undergo surgery after vertebral...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
How to watch IndyCar 2026 at Long Beach: Weekend...
No description available...
5h ago from Motorsport.com
Exclusive Q&A: Mick Schumacher believes 'great things...
No description available...
1d ago from Motorsport.com
Experienced engineer Mike O’Gara joins IndyCar as...
IndyCar has announced that Mike O’Gara has joined the series as Vice...
1d ago from MotorsportWeek.c...
Mike O’Gara named IndyCar’s Vice President of...
No description available...
1d ago from Motorsport.com
Popular On TotalWRC.com
The Rally1 rookie proving he belongs in the WRC top...
No description available...
1d ago from Motorsport.com
Why WRC Croatia victory was “quite special” for...
No description available...
3d ago from Motorsport.com
Thierry Neuville crashes out of Croatia lead in final...
A dramatic WRC Rally Croatia kept the biggest shock for the Wolf Power...
4d ago from MotorsportWeek.c...
Popular On GunnersToday.com
Tactics Column: Lessons for Arsenal against Man City's...
It may sound counterintuitive, but Mikel Arteta might, before what is...
56m ago from Arseblog.com
Paul Merson predicts Manchester City vs Arsenal,...
Manchester City are the favourites to win the Premier League if they beat...
4h ago from SportsKeeda.com
'We’ll be ready for it' - Arsenal star Declan Rice...
Arsenal star Declan Rice has sent a message to Manchester City ahead of...
4h ago from SportsKeeda.com
'Bring it on' – Declan Rice makes strong...
Arsenal midfielder Declan Rice has sent a strong message ahead of the huge...
6h ago from CaughtOffside.com
Comments
Hottest News
F1 return given green light for 2028 after 13-year absence
The green light has been given internally for a... Read More »
2h ago from GPFans.com
F1 insider shares Red Bull fears over 'Christian Horner...
An F1 insider has touched on a major worry at Red... Read More »
1h ago from GPFans.com
The FIA plan to save F1: What’s on the table ahead of...
The FIA is plotting to relaunch the 2026 Formula... Read More »
1h ago from MotorsportWeek.com
