News Details
Ross Brawn: Ferrari recognises F1 prize money system must change
Formula 1's managing director of motorsport Ross Brawn says a solution to the prize money disparity between the larger and smaller teams must be found, if the sport is to attract new teams. Drawn up under former owners Bernie Ecclestone and CVC, the agreement between the teams, known as the Concorde Agreement, sets out how the prize money is distributed between the teams. There are several historical payments and one of those is called the Long Standing Team (LST) bonus, which at present is only paid to Ferrari, meaning its basic payment for the 2018 season would have been around $140m – even if it finished last in the championship – almost 50 per cent of that...
Full Story »
Full Story »
7y ago from MotorsportWeek.com
0
You May Also Be Interested In...
Revealed: The projected prize money payments to F1...
Ferrari will take the largest share of the prize pot despite Mercedes...
7y ago from GPBlog.com
Despite higher revenue, F1 reports loss; less team...
Photo by: www.kymillman.com/f1 It is a bit difficult to connect the dots...
7y ago from TheParcFerme.com
Abiteboul laments the emergence of 'B Teams'
Renault boss Cyril Abiteboul has lamented the trend of larger Formula 1...
7y ago from GPFans.com
Vettel and Leclerc will be difficult to manage - Brawn
Ross Brawn says Ferrari may find it tricky to manage a high-calibre driver...
7y ago from GPFans.com
Elsewhere On The Network
Popular On MGPToday.com
Construction moving forward at Buenos Aires for...
No description available...
16h ago from Motorsport.com
Ducati playing “catch-up” to Aprilia but insists...
No description available...
21h ago from Motorsport.com
Massimo Rivola: Aprilia has become the ‘benchmark’...
Massimo Rivola has admitted that Aprilia has become the current reference...
22h ago from MotorsportWeek.c...
Why Gresini has flirted with leaving Ducati in MotoGP
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Mick Schumacher: “I thought I was ready — but I...
No description available...
1w ago from Motorsport.com
Fast-paced schedule proving beneficial for IndyCar’s...
The NTT IndyCar Series recently completed its fourth racing weekend in...
4d ago from MotorsportWeek.c...
Winners and losers from IndyCar at Barber Motorsports...
No description available...
5d ago from Motorsport.com
Pato O’Ward left searching for answers after...
No description available...
6d ago from Motorsport.com
Popular On TotalWRC.com
Storm damage forces changes to WRC Rally Islas...
No description available...
2d ago from Motorsport.com
Kalle Rovanpera returns to WRC with Subaru
Double WRC Champion Kalle Rovanpera is set to return to the WRC next year...
4d ago from MotorsportWeek.c...
Former FIA vice president and WRC boss Morrie Chandler...
No description available...
1w ago from Motorsport.com
Subaru teases new rally car for Japanese Championship
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Time to rediscover Arsenal's right-hand reliance
Good morning all. Andrew is on his way to Lisbon this morning so I'm here...
1h ago from Arseblog.com
FA make decision on punishing Arsenal star Gabriel...
The FA are reportedly unlikely to sanction Arsenal attacker Gabriel...
1h ago from SportsKeeda.com
Fabrizio Romano says Arsenal transfer target has...
Arsenal fans may be interested to hear that Fabrizio Romano rates the...
20m ago from CaughtOffside.com
26 G/A superstar offered to Liverpool & Arsenal...
Real Madrid superstar Vinicius Junior could reportedly be on offer to...
2h ago from CaughtOffside.com
Comments
Hottest News
Audi pushed to sign Christian Horner: 'People underestimate...
Christian Horner remains without a role in... Read More »
50m ago from RacingNews365.com
Esteban Ocon issues scathing review over his...
F1 star Esteban Ocon has described his F1 career... Read More »
50m ago from GPFans.com
David Coulthard says blame Formula 1 fiasco on Renault
Formula 1’s 2026 regulation crisis has taken... Read More »
2h ago from GrandPrix247.com
