The money the teams receive from the sport has increased in recent years, with a report in Britain's Daily Telegraph
claiming that the 'hundreds of millions of pounds in dividends paid out from F1's profits' received by majority shareholder CVC 'still comes to around the same as the team prize money payments since the private equity firm took over'. According to the figures in the report, the amount received by the teams 'rose by £292.9m ($450.5m) to £454m ($698.5m) in just the four years to 2011'.
business editor Christian Sylt recently revealed that F1's 2011 UK corporation tax payments were just £945,663 on pre-tax profits of £305.6m, as a result of loopholes apparently approved by HM Revenue & Customs, while CVC has also taken advantage of low interest rates to refinance the sport's £1.6bn ($2.5bn) debt and reduce its borrowing costs by paying back the existing loan and taking out a new one at the better rates on offer.
Although the $2.5bn of net debt remains, CVC claims that a two per cent reduction in interest rates shaves around $50m a year off its costs.