F1 Firm Doubles Profit to [Gbp]235m Motor Racing Monarch Bernie Ecclestone Sees Pay Rise by 15percent

Summary

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FORMULA One impresario Bernie Ecclestone is battling to head off the threat of a breakaway motor racing series, and new trading figures disclosed this week reveal just how much cash is at stake.

The latest accounts of London-based Formula One Administration (FOA), the sport's main cash-generating company, were filed at Companies House last Thursday, three months late. They reveal that F1 has enjoyed a remarkable upturn in income and profits, a phenomenon which underscores its status as one of the world's fastest-growing brands.

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F1 Firm Doubles Profit to [Gbp]235m Motor Racing Monarch Bernie Ecclestone Sees Pay Rise by 15percent

FOA is the company that controls the commercial side of F1. Its main revenue sources come from selling global media rights and race ...

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