F1 teams want 75 percent of revenue?

Britain's Daily Telegraph newspaper reports that F1 teams are set to demand a significant increase in their share of the revenue when the next Concorde Agreement that governs the sport is negotiated.

The DT says that the teams last year shared $658 million of the sport's commercial revenue, a 21 percent increase over 2009. That was the third successive annual pay-raise for the teams, due to their negotiation of more favorable terms when the last Concorde was signed amid the threat of a breakaway championship. The team's 2010 dividend was 164 percent more than in 2007, according to the Bloomberg financial news service. However, according to other media reports, the teams want their proportion of the commercial revenue to increase further from 50 to 75 percent under when the next Concorde, which comes into effect in 2013.

The DT added that company filing's indicate Bernie Ecclestone's salary as F1's chief executive rose to £4.85 million ($8m).