Brown: F1 teams need to support Liberty Media
19 December 2017 – McLaren Executive Director Zak Brown has urged Formula 1 teams to support Liberty Media, in the wake of a reduction of prize money in 2017.
Formula 1's revenues, and therefore prize money distributed to teams, has dropped in 2017, with chiefs focused on investing in the sport to aid its long-term future.
Amid criticism from some quarters, Formula 1 CEO Chase Carey emphasised that there are "no free lunches", and that Liberty's current approach will pay dividends in the years to come.
Brown has backed Liberty's approach, and reckons other squads should adopts a more constructive stance.
"We want there to be as much prize money as possible," said Brown.
"We knew there was going to be some investment, I think a few people are getting a little too excited.
"They're [Liberty] not even one year into it, they've bought something that had lots of elements that were broken and you're not going to repair a broken leg in two weeks.
"I think the direction is the right direction, I think their intentions are the right intentions.
"It's going to take a little bit of time and I think we need to give them support and work with them and maybe be a little less critical and more constructive."
Brown added: "We've got a lot of excitement, there's a good buzz around Formula 1, TV ratings up, live attendance is up, there's new owners, [there's a] strategic vision.
"There's momentum behind Formula 1 and then there's momentum behind McLaren.
"We've got Fernando [Alonso], we've got Stoffel [Vandoorne], we've got Lando [Norris] coming through the ranks, we've got new engine partners.
"Generally we feel there's some wind at the tail as opposed to a head wind."