--
 
2015 SA Bike of Year: Finalists preview

Wheels24's DRIES VAN DER WALT previews finalists for the 2015 SA Bike of the Year competition. Vote for your favourite!

Get the latest F1 action!

From driver and team standings to live coverage of races, Wheels24 brings you the latest in F1 action.

F1 teams demand more cash

2011-04-07 10:04

MORE MONEY: Teams are demanding up to 75% of F1's revenue.

F1 teams will reportedly demand more money than ever when the next Concorde Agreement is negotiated.

It emerged this week that the teams last year shared $658m of the sport's commercial revenue, a 21% increase over 2009.

That was the third successive annual pay-rise for the teams, due to their negotiation of more favourable terms when the last Concorde was signed amid the threat of a 'breakaway' championship in 2009.

Their 2010 dividend was 164% more than in 2007, according to the financial news service Bloomberg.

But according to Italy's Autosprint, the teams want their proportion of the commercial revenue to increase even further from 50% to 75% when the next Concorde needs to come into effect in 2013.

Britain's Daily Telegraph agrees that the teams have been buoyed by their latest efforts to receive more of F1's lucrative revenue.

"If the trend continues, it could dissuade prospective buyers should CVC wish to sell F1," wrote correspondent Tom Cary.
 

NEXT ON WHEELS24X

Inside Wheels24

As it happened: 2015 Hungarian GP

As it happened: 2015 Hungarian GP

Ferrari continues to lead the grid as Mercedes falls behind. Get the latest F1 news, lap-by-lap analysis and fan reactions in our live coverage of the 2015 Hungarian GP.

There are new stories on the homepage. Click here to see them.