Does Ron Dennis just make out a cheque for $100 million to the FIA? Does the money go into the FIA general budget, or elsewhere? Could Mclaren's sponsers or Mercedes sue the team for spending their money on the fine and bringing their brands into disrepute?
2007-09-18 03:42:02 · 2 answers · asked by michinoku2001 7 in Sports ➔ Auto Racing ➔ Formula One
Why is it denominated in US$? Doesn't the FIA work in Euros?
2007-09-18 03:44:24 · update #1
The McLaren team and/or Ron Dennis won't actually write a cheque for $100 million. Whatever prize money (yes, there is prize money in Formula One racing) and other monies the team was due to receive up to and including the Italian Grand Prix will be applied to the fine (estimated at as much as $50 million) with the remainder coming from the team. Those monies will come from the McLaren group, a conglomerate of companies that includes the road car division.
The FIA has said one half of the $100 million will be divided among the other teams competing in the 2007 F1 season and the other half will be distributed to FIA member countries around the world, to be used for the promotion of young drivers.
The reason the fine is listed in U.S. dollars is because the FIA has traditionally used that currency because of its stability.
2007-09-18 09:08:10 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Ron dennis does not pay it personally. It is taken from the mclaren f1 teams budget and it is used by the FIA for whatever purpose they deem necessary to improve the sport. Probably get more of those orange cones..
The fine is actually 50million pounds. You are probably just reading it from an american newspaper.
2007-09-18 10:59:01 · answer #2 · answered by Anonymous · 0⤊ 1⤋