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Ecclestone expects ticket prices to fall.

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.



Related Pictures

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Lewis Hamilton (GBR) McLaren MP4-24, Chinese F1 Grand Prix, Shanghai, 17th-19th, April 2009
16.04.2017 - Race, Zak Brown (USA) McLaren Executive Director and Bernie Ecclestone (GBR)
16.04.2017 - Race, Zak Brown (USA) McLaren Executive Director and Bernie Ecclestone (GBR)
16.04.2017 - Race, Bernie Ecclestone (GBR) and Zak Brown (USA) McLaren Executive Director
16.04.2017 - Race, Bernie Ecclestone (GBR)
16.04.2017 - Bernie Ecclestone (GBR), President and CEO of FOM and his wife Fabiana Flosi (BRA)
16.04.2017 - Bernie Ecclestone (GBR), President and CEO of FOM and his wife Fabiana Flosi (BRA)
16.04.2017 - Mr Ecclestone
16.04.2017 - Bernie Ecclestone (GBR) and his wife Fabiana Flosi (BRA)
16.04.2017 - Fabiana Flosi (BRA), Wife of Bernie Ecclestone
15.04.2017 - Qualifying, Bernie Ecclestone (GBR) and Flavio Briatore (ITA)
15.04.2017 - Qualifying, Bernie Ecclestone (GBR) and Flavio Briatore (ITA)
14.04.2017 - Free Practice 2, Bernie Ecclestone (GBR)
14.04.2017 - Bernie Ecclestone (GBR) with the media
14.04.2017 - Bernie Ecclestone (GBR)
14.04.2017 - Marcello Lotti (ITA) CEO WSC and Bernie Ecclestone (GBR)
14.04.2017 - Bernie Ecclestone (GBR)
14.04.2017 - Free Practice 1, Christian Horner (GBR), Red Bull Racing, Sporting Director and Bernie Ecclestone (GBR)

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Bernie,you are spoiling us with these hints and expectations! I couldn't afford to attend the British GP this year but the main thing(thank god)is that your salary remained in the billions as opposed to(god forbid)the mere millions.Please don't ever leave F1 as i fear your bank account couldn't take the strain.



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