Monday, 27 June 2016

F1 gossip: Ecclestone, Ricciardo, Brawn, Rosberg and Button

Bernie Ecclestone
Bernie Ecclestone's move will see Red Bull, Ferrari, Mercedes and McLaren lose their rights to historic bonus payments.

F1 boss Bernie Ecclestone is preparing to change the way that "unfair" bonus payments are allocated, saying he is aiming to "come up with something more equal for all the teams".

The new system could hit Ferrari, traditionally the best-paid team in the paddock, the hardest with as much as £60 million at stakeDan Istitene/Getty Images

Bernie Ecclestone is preparing to scrap more than £150 million paid to the top four teams to wipe out inequality in the sport and give the smallest outfits a chance to compete.

The Formula One chief executive is secretly preparing to wipe out historic bonus payments to Red Bull, Ferrari, McLaren and Mercedes to introduce a Premier League football-style system of flat payments plus prize money for performance.

The new system could hit Ferrari, traditionally the best-paid team in the paddock, the hardest with as much as £60 million at stake. Red Bull would also face a massive loss after…

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