F1 News TheFoxPosts.com

Ever since assuming control of Formula 1 's commercial rights in 2017, Liberty Media have sought to level F1 's financial playing field by providing a more equitable division of revenue between the sport's teams. To that end, much has changed under the terms of F1 's latest Concorde Agreement, which replaces a previous arrangement where certain teams were favoured over others. So how has F1 ’s distribution of income changed since the new Concorde Agreement came into force in 2021? What is the sport's total prize pot, and how is it divided up between the teams? And why do some teams receive specific payments that others do not? TheFOXposts.Com takes you on a journey through F1's finances to find out more! Source: https://thef...

Christian Horner was presented with Red Bull's Constructors' Championship trophy by FIA President Mohammed Ben Sulayem at the governing body's annual Prize Giving Ceremony, where the two shared an exchange on stage. Horner joined drivers Max Verstappen and Sergio Perez at the event in Bologna following the team's success in 2022, with Verstappen picking up the World Championship prize while Perez received his award for third place in the championship. The campaign marked the first time that a team other than Mercedes has won the Constructors' prize since 2013, and Horner received the trophy from Ben Sulayem. When handing over the award, Ben Sulayem said: "Christian, this cup is nothing to do with the cost cap, okay? This is from the FIA , so we're not going to deduct it from your cost cap. Okay?" Horner responded: "That's very generous, thank you." Several media personnel, including TheFOXposts.Com , witnessed during the co...