SM
Man United vs. Bodo/Glimt: 10 hrs 6 mins
Upcoming predictions and previews

Gene Haas: 'Formula 1 income must not be socialism'

:Headline: Gene Haas: 'Formula 1 income must not be socialism': ID:299076: from db_amp
F1 must be "very careful" as it moves to shake up the income distribution model in the near future, warns Gene Haas.

Formula 1 must be "very careful" as it moves to shake up the income distribution model in the near future, according to Gene Haas, the American billionaire owner of the small Ferrari-linked American team.

Having ousted Bernie Ecclestone after the Liberty Media takeover, new F1 CEO Chase Carey has said that he wants to start again once the current Concorde Agreements expire in 2020.

"As far as I can see, they're doing everything right," Haas is quoted as saying by Speed Week.

"They seem to have a lot of ideas, and a lot of them are very positive - like easing the rules for video clips on the web."

Yet he said that F1 must be "careful" when it comes to redistributing the sport's vast income, amid calls from some of the other small teams for a more equal slice of the cake.

"As the newcomers, every additional sum for us is very welcome," said Haas.

"But I do think we have to be very careful. There are some teams at the top who have been there for 50 years and therefore have a right to a larger share of the revenues.

"I'm not saying that the teams at the end of the field have not earned more money, but it's just like the top drivers who rightly earn more for winning. We must not degenerate into socialism."

Haas are currently eighth in the team rankings.

amp_article__299076 : Database Data restored...  : 
last updated article - 2017-05-27 11:53:35:
html db last update - 2017-05-27 11:53:35 :

ex - 7200 : read : read cache amp html

Click here for more stories about Gene Haas

Click here for more stories about Haas

Share this article now:
Recommended Next on SM
Premier League Table
TeamPWDLFAGDPTS
1Liverpool1210112481631
2Manchester CityMan City127232217523
3Chelsea126422314922
4Arsenal126422112922
5Brighton & Hove AlbionBrighton126422116522
6Tottenham HotspurSpurs1261527131419
7Nottingham ForestNott'm Forest125431513219
8Aston Villa125431919019
9Fulham125341717018
10Newcastle UnitedNewcastle125341313018
11Brentford125252222017
12Manchester UnitedMan Utd124441313016
13Bournemouth124351617-115
14West Ham UnitedWest Ham124351519-415
15Everton122551017-711
16Leicester CityLeicester122461523-810
17Wolverhampton WanderersWolves122372028-89
18Ipswich TownIpswich121651323-109
19Crystal Palace121561017-78
20Southampton121110924-154
Scroll for more - Tap for full version


Sports Mole provides in-depth previews and predictions for every match from the biggest leagues and competitions in world football.
AL
Sign up for our FREE daily preview newsletter direct to your inbox!

Loading ...

Failed to load data.



. . . . . . . . . . . . . . .