(GMM) A dispute may be simmering in the background, but formula one has never looked healthier.
Actually, the latest public accounts of Bernie Ecclestone's Formula One Management (FOM) company bring perspective to the bitter row with carmakers over future income in the premier sport.
Although late, FOM has now lodged financial accounts for 2004 at London's Companies House, which show a mammoth pre-tax profit of $447 million. It is more than double the 2003 figures of $215 million.
Total income rose by 25 per cent, to $705m, moving 75-year-old Ecclestone to give himself a pay-rise from $3.8m in 2003 to $4.6 million.
Written: Tue, 07 Feb 2006 13:51:56
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