 McLaren penalty proceeds to be split
The proceeds from McLaren’s record fine will be split between the team’s rivals and funding for young drivers around the world, FIA president Max Mosley has revealed.
The Woking squad was fined $100 million (£49.2 million) by the World Motor Sport Council on Thursday after it was found guilty of a serious breach of Article 151c of Formula 1’s International Sporting Code.
Mosley says that around half of the money will go to the rest of the grid and hopes the remainder will be distributed among national motorsport authorities to help fund young driver programmes.
“Roughly half of it will go to the other teams, the other half we’re going – if the World Council agrees – to distribute to our ASNs worldwide to bring on young drivers,” Mosley told reporters at Spa on Saturday.
Although McLaren was fined $100 million, the team will only pay that amount less the television income it would have earned had it been eligible for constructors' points.
However the financial penalty is still believed to be the largest in sporting history.
Source: itv-f1 ---------------------------------------------- | 
