Bernie Ecclestone expects F1's cost-cutting initiatives to result in cheaper ticket prices for the 2010 season.

"[The cost-cutting rules] mean we won't have to produce so much money for [the teams] and, therefore, we can ask for less money from the promoter and the ticket prices will come down," Ecclestone explained.

Meanwhile, the Financial Times reports that Ecclestone took a personal pay rise of nearly 15 per cent for his work last year, taking his salary to ?4m.
Ecclestone's salary made up the bulk of ?4.9m paid to directors of Formula One Management.

But the FT reports things weren't so rosy for CVC, F1's commercial rights holder, whose losses from F1 stretched beyond $500m (?302m) after agreeing to increase pay-outs to teams to ensure they stayed in the series.

The prize-fund increase came after Honda quit the sport in December, but wasn't enough to prevent BMW leaving at the end of this year.

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