Lotus boss says majority of F1 teams battling funding issues

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Lotus chairman Gerard Lopez (pictured) has told a Russian website that he believes most of the Formula One paddock is dealing with financial issues, declaring that “for 80 percent of the teams, their financial situation is no better than ours.”

The cost of doing business in the world’s most popular motorsport has become a very big problem to the smaller teams. A cost cap is set to debut in 2015, but considering the amount of spending that is done by the bigger teams like World Champion Red Bull, one may have the sense of “I’ll believe it when I see it” when it comes to that initiative.

This past year, Lotus was in the headlines for its money woes as they were for Kimi Raikkonen and Romain Grosjean’s exploits on the track. However, Lopez noted to F1News.ru that with the global economy still limping along, teams have been forced to abandon the usual investment/sponsorship route.

“I can go to potential investors and say ‘I want to sell millions of cars running on renewable energy and hybrid technology’ and they tell me ‘Wow! Let’s see what we can do!,” he said to the Russian site.

“But if I say that I want money for F1, to participate in one of the biggest sporting events in the world, you don’t get the same answer.”

And with that comes the side effect of choosing drivers on the amount of funding they bring to the table instead of on pure talent.

Lotus can certainly relate, as team principal Eric Bouiller has said that Pastor Maldonado’s extensive sponsorship played a role in him gaining their second race seat alongside Grosjean in 2014.

NBC Sports presents IndyCar Grand Prix of Alabama Sunday live at 3:30 p.m. ET on NBCSN

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From NBC Sports Group PR:

* Sunday’s Pre-Race Coverage Begins with IndyCar Live Presented by Verizon at 3 p.m. ET on NBCSN

* Pre-Race Coverage Includes Robin Miller Feature on Rookie Zach Veach, Following Career-Best Fourth-Place Finish at Long Beach

* CNBC Presents Live Qualifying Saturday at 4 p.m. ET, Airs on NBCSN at 6:30 p.m. ET

STAMFORD, Conn. – April 19, 2018 – NBC Sports continues its coverage of the 2018 Verizon IndyCar Series this weekend from Barber Motorsports Park with live coverage of the Grand Prix of Alabama on Sunday at 3:30 p.m. ET on NBCSN. Pre-race coverage begins with IndyCar Live presented by Verizon at 3 p.m. ET.

NBCSports.com and the NBC Sports app — NBC Sports Group’s live streaming product for desktops, mobile devices, tablets, and connected TVs — will provide live streaming coverage of the Grand Prix of Alabama.

Alexander Rossi (Andretti Autosport) delivered a dominant performance at the Grand Prix of Long Beach last weekend, winning the pole and leading wire-to-wire for his third career victory, and third consecutive podium finish to start the 2018 Verizon IndyCar Series campaign. Rossi currently leads Josef Newgarden (Penske) in the driver standings by 24 points. Newgarden won last year’s Grand Prix of Alabama, his second career win at Barber, while Rossi finished fifth.

This weekend’s live coverage from Barber Motorsports Park begins Saturday at 4 p.m. ET with qualifying on CNBC. NBCSN will air qualifying on Saturday at 6:30 p.m. ET. Sunday’s pre-race coverage begins at 4 p.m. ET with IndyCar Live presented by Verizon and will take place from the grid in the lead up to the command, bringing viewers even closer to the action prior to the race.

Pre-race coverage will include a feature by IndyCar on NBC pit reporter Robin Miller on rookie driver Zach Veach, who’s coming off a career-best fourth place finish at the Grand Prix of Long Beach.

Lead IndyCar play-by-play commentator Leigh Diffey will call this weekend’s Grand Prix of Alabama, analysts Paul Tracy and Townsend BellMarty Snider, Robin Miller, Kevin Lee, and Katie Hargitt will report from the pits.

NBCSN will also present coverage of the Indy Lights race from Alabama late night on Monday, April 23, at 1:30 a.m. ET. Current IndyCar driver Conor Daly will join the NBCSN booth for the race broadcast, alongside Kevin Lee and Anders Krohn, with Katie Hargitt reporting from the pits.

Following is this weekend’s IndyCar schedule on NBCSN and CNBC:

Date Coverage Network Time (ET)
Sat., April 21 Grand Prix of Alabama – Qualifying LIVE CNBC 4 p.m.
Grand Prix of Alabama – Qualifying (Encore) NBCSN 6:30 p.m.
Sun., April 22 IndyCar Live presented by Verizon NBCSN 3 p.m.
Grand Prix of Alabama NBCSN 3:30 p.m.
IndyCar Post-Race NBCSN 5:30 p.m.
Mon., April 23 Grand Prix of Alabama (Encore) NBCSN 12 p.m.
Indy Lights – Alabama NBCSN 1:30 a.m.

NBC SPORTS GROUP AND INDYCAR PARTNER ON COMPREHENSIVE, MULTI-YEAR MEDIA RIGHTS AGREEMENT

On March 21, NBC Sports Group and INDYCAR announced a new, multi-year media rights agreement in which NBC Sports acquired the rights to present all INDYCAR races, qualifying, practices, and Indy Lights races across its platforms beginning in 2019.

The Indianapolis 500 and seven additional Verizon IndyCar Series races will be broadcast annually on NBC, with all remaining races televised on NBCSN. All races will be live streamed to authenticated subscribers on NBCSports.com and the NBC Sports app. Details of NBC Sports’ 2019 INDYCAR schedule will be announced at a later date.

NBC Sports Gold – NBC Sports Group’s direct-to-consumer product – will offer a package to INDYCAR fans that features all qualifying and practices not televised live, all Indy Lights races, and full-event replays. Additional details, including the cost of the Gold offering, will be announced at a later date. Click here for more information.


VERIZON INDYCAR SERIES ON NBCSPORTS.COM AND THE NBC SPORTS APP

NBCSports.com and the NBC Sports app — NBC Sports Group’s live streaming product for desktops, mobile devices, tablets, and connected TVs — will provide live streaming coverage of the 2018 Verizon IndyCar Series via “TV Everywhere,” giving consumers additional value to their subscription service, and making high quality content available to MVPD customers both in and out of the home and on multiple platforms.

NBCSports.com and the NBC Sports app are powered by Playmaker Media and available on the iTunes App Store, Google Play, Windows Store, Roku Channel Store, Apple TV and Amazon Fire.