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Formula 1 Prize Money Distribution Highlights Inequalities in the Sport
Published: June 23, 2015
That, essentially, is what happens with the distribution of Formula One's prize money—and it has to change.
Last month, Autosport's Dieter Rencken and Lawrence Barretto published a breakdown of the prize fund payouts that each team will receive in 2015, based (partially) on their recent results.
That qualifier is necessary because, as you can see below, the top teams in the 2014 constructors' championship are not necessarily receiving the most money.
Most egregiously, Ferrari—who finished fourth last year and as high as second only once since their last constructors' title in 2008—are getting nearly twice as much as Williams, who were third in the standings last year.
Mercedes, meanwhile, who won 16 of 19 races on their way to the 2014 title, will receive $38 million less than Ferrari's $164 million windfall. The gap between Ferrari's payment and Sauber's is $120 million—more than the Swiss team's entire budget!
Some of the discrepancies are due to the complicated system used to determine the money paid out for on-track performance (you can read more here), but the bigger problems are the bonus payments made to five teams: Ferrari, Red Bull, Mercedes, McLaren and Williams.
Those bonus payments (agreed between F1 chief Bernie Ecclestone and the teams in 2012, when the previous financial agreement expired) represent everything that is wrong with the sport today, from bankrupt teams to the ridiculous situation where the biggest teams have a hand in developing the regulations.
Instead...
Article Source: Bleacher Report - Formula 1
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