Motorsport Week
  • Formula 1
    • 2025 Formula 1 Calendar
    • 2025 Formula 1 Standings
  • Formula E
    • 2025 Formula E Calendar
    • 2025 Formula E Standings
  • IndyCar
    • 2025 IndyCar Calendar
    • 2025 IndyCar Standings
  • WRC
    • 2025 WRC Standings
    • 2025 WRC Calendar
  • MotoGP
    • 2025 MotoGP Calendar
    • 2025 MotoGP Standings
    • Moto2
    • Moto3
  • WEC
    • 2025 WEC Calendar
  • IMSA
    • 2025 IMSA Calendar
  • World SBK
  • More
    • Formula 2
    • Formula 3
    • F1 Academy
    • Moto2
    • Moto3
    • World Superbikes
    • Technical Insight
    • Galleries
    • About/Contact
    • Privacy Policy
No Result
View All Result
  • Formula 1
    • 2025 Formula 1 Calendar
    • 2025 Formula 1 Standings
  • Formula E
    • 2025 Formula E Calendar
    • 2025 Formula E Standings
  • IndyCar
    • 2025 IndyCar Calendar
    • 2025 IndyCar Standings
  • WRC
    • 2025 WRC Standings
    • 2025 WRC Calendar
  • MotoGP
    • 2025 MotoGP Calendar
    • 2025 MotoGP Standings
    • Moto2
    • Moto3
  • WEC
    • 2025 WEC Calendar
  • IMSA
    • 2025 IMSA Calendar
  • World SBK
  • More
    • Formula 2
    • Formula 3
    • F1 Academy
    • Moto2
    • Moto3
    • World Superbikes
    • Technical Insight
    • Galleries
    • About/Contact
    • Privacy Policy
No Result
View All Result
Motorsport Week

Haas refusing to sign Force India’s prize money deal without further clarification

by
7 years ago
A A
0
Share on FacebookShare on Twitter

Haas team boss Guenther Steiner has revealed that the American-owned outfit has refused to sign a deal which will see Racing Point Force India retain its right to prize money.

Last week at the Belgian Grand Prix it was confirmed that all nine rival teams had signed a document allowing Force India the right to 'Column 1' prize money – this is a roughly $25m (£19.2m) annual payment made to teams which have finished inside the top ten in two consecutive seasons.

However as Racing Point Force India entered the Belgian GP as a new entrant, it would miss out on these payments until 2020 at the earliest, costing the team upwards of $50m (£38.4m). Liberty Media hoped to avoid this by having all nine teams agree a deal which would see the new entrant's financial deal continue under the previous entry.

"The remaining nine teams have signed, so to speak, a document that enables us to keep the money that Sahara Force India had earned in years past," commented team boss Otmar Szafnauer.

RelatedPosts

Power lamented the loss of talented people within the team. Photo: Kevin Dejewski

‘A shock and a pity:’ Penske drivers respond to team penalties and firings

1 hour ago
The Empire strikes back – Nasser Al-Attiyah wins stage 3

The Empire strikes back – Nasser Al-Attiyah wins stage 3

2 hours ago

Yet this weekend, Steiner admitted Haas have refused to sign up to the deal until it receives further clarification from Liberty Media as to why Force India should receive special treatment.

"What we need to understand is with the new licence, why there is a reason not to be treated [like a team] with a new licence. That is what we want to understand and we cannot explain that to ourselves someone needs to explain it to us and that hasn’t happened yet.

When asked to confirm that Haas hadn't agreed to the deal, Steiner replied: "No. With the new licence we didn’t sign up for that. We still need to understand why it should be different."

It's believed Haas are the only team which has refused to sign, although Williams were also against the deal before eventually being convinced to agree.

Share198Tweet124Share

Related Posts

Power lamented the loss of talented people within the team. Photo: Kevin Dejewski
IndyCar

‘A shock and a pity:’ Penske drivers respond to team penalties and firings

1 hour ago
The Empire strikes back – Nasser Al-Attiyah wins stage 3
Rallying

The Empire strikes back – Nasser Al-Attiyah wins stage 3

2 hours ago
Lando Norris has downplayed Red Bull's pace at slow speed
Formula 1

Lando Norris dismisses perceived Red Bull 2025 F1 weakness

3 hours ago
Load More

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

You can manage the subscriptions of this post.

Latest News

Power lamented the loss of talented people within the team. Photo: Kevin Dejewski

‘A shock and a pity:’ Penske drivers respond to team penalties and firings

May 22, 2025
The Empire strikes back – Nasser Al-Attiyah wins stage 3

The Empire strikes back – Nasser Al-Attiyah wins stage 3

May 22, 2025
Lando Norris has downplayed Red Bull's pace at slow speed

Lando Norris dismisses perceived Red Bull 2025 F1 weakness

May 22, 2025
Motorsport Week

© 2024 Motorsport Media Services Ltd

Other Links

  • About & Contact
  • Privacy Policy
  • Motorsport Monday

Follow Us

No Result
View All Result
  • Login
  • Sign Up
  • Home
  • Formula 1
    • Latest News
    • 2025 F1 Calendar
    • 2025 F1 Championship Standings
  • Formula E
    • Latest News
    • 2025 FE Calendar
    • 2025 FE Championship Standings
  • MotoGP
    • Latest News
    • 2025 MotoGP Calendar
    • 2025 MotoGP Standings
    • Moto2
    • Moto3
    • World Superbikes
  • WRC
    • Latest News
    • 2025 WRC Calendar
    • 2025 WRC Standings
  • IndyCar
    • Latest News
    • 2025 IndyCar Calendar
    • 2025 IndyCar Standings
  • WEC
    • Latest News
    • 2025 WEC Calendar
  • Live Updates
  • Other
    • IMSA
    • Formula 2
    • Formula 3
    • F1 Academy
    • Moto2
    • Moto3
    • World Superbikes
  • Galleries
  • About/Contact
  • Privacy Policy

© 2024 Motorsport Media Services Ltd