Tag Archive: Simon Chadwick

Dec 04

FIA completing push for more F1 revenue – report

One of the unnamed sources said the new CVC agreement will benefit the FIA to the tune of about $25 million.

Flagworld - FIAJean Todt président FIA (DR)The FIA is close to completing a successful push for a bigger slice of F1’s financial pie, according to a report by the expert financial source Bloomberg. Citing ‘two people familiar with the situation’, the media report said the now Jean Todt-led Paris federation is set to boost its coffers to about $40 million per year. Read the rest of this entry »

May 25

Sponsors still support struggling Schumacher

“It’s not like he’s coming 18th in races”

2011-05-20 - Mercedes GP Petronas F1 Team - Spain - Michael Schumacher 072011-05-20 - Mercedes GP Petronas F1 Team - Spain - Michael Schumacher 02Michael Schumacher’s high-paying sponsors are reportedly holding firm despite his disappointing comeback form. Triple world champion Sir Jackie Stewart told Auto Motor und Sport that, despite his record 91 wins and seven titles, the 42-year-old German “has damaged his reputation” since returning to formula one last year. Read the rest of this entry »