Formula One McLaren: Team ordered to pay US$50million
Thursday October 25, 2007
By Theodore Liasi
LONDON (espnstar.com) - McLaren have been ordered to pay over US$50 million to Formula One’s governing body, the FIA, who will use the money to promote safer motorsport worldwide.
"Following the judgement of the World Motor Sport Council on 13 September (when McLaren was fined), a sum in excess of US$50 million will be paid in December to the FIA," they said in a statement after a meeting of its world council in Paris on Wednesday.
"This will be used to establish the FIA Development Fund, which will assist the work of National Sporting Authorities (ASNs) in promoting the development of safer motor sport worldwide, especially in countries where the motor sport infrastructure is in need of support", the statement read.
The FIA had imposed on McLaren a US$100 million fine and the loss of their 2007 Constructors' points.
However, the FIA said the size of the original fine could be halved, with revenues and prize money deducted from it according to where the team would have ended up at the end of the season with the points scored prior to the hearing.
No comments:
Post a Comment