Formula E's payment includes a $4.2M share of the proceeds from an estimated $21M investment in December "in Formula E's Hong Kong-based parent company Formula E Holdings (FEH)." The investment "was made by Causeway Media Partners," an investment fund founded by venture capitalist Bob Higgins along with NBA Celtics Managing Partner & CEO Wyc Grousbeck and Celtics investor Mark Wan. The group joins Spanish businessman Enrique Banuelos and Formula E CEO Alejandro Agag, the "majority shareholders of FEH."
A summary of a '12 agreement between the FIA and Formula E also "reveals that the FIA will receive fees of $67,000 from each of the 10 teams and $135,000 per race which 'should generate an additional revenue of $2 million for the FIA in 2014.'" AutoWeek