Formula One news

McLaren $50m fine due in December

McLaren will pay $50million of its fine in the spy scandal to the FIA in December, it was revealed after a meeting of the World Motor Sport Council on Wednesday in Paris. The money will be used to establish a fund for promoting and developing safer motorsport worldwide.

"Following the judgement of the World Motor Sport Council on 13 September, a sum in excess of $50 million will be paid in December to the FIA," a statement from the FIA read. "This will be used to establish the FIA Development Fund, which will assist the work of National Sporting Authorities in promoting the development of safer motor sport worldwide, especially in countries where the motor sport infrastructure is in need of support."

Representatives from Mercedes and Ferrari will be invited to join the fund's board.

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