On the heels of the cost capping announcement from the FIA, a bright light bulb has appeared above Bernie Ecclestone’s head. He has thrown out the idea that the teams should pay back some of their 50% share of the commercial revenue to help circuits make their sanction fee payments to him. Bernie works for CVC capital partners who is the current commercial rights holder, having bought those rights from Bernie. When they purchased the rights, they took out massive loans to pay off their investment and have pumped as…
Read MoreFriday, April 19, 2024
