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
Ducati’s first run with 850cc MotoGP bike was...
No description available...
3h ago from Motorsport.com
Aprilia explains why it hasn’t tested 850cc bike...
No description available...
17h ago from Motorsport.com
The dilemma Francesco Bagnaia's MotoGP race engineer...
No description available...
19h ago from Motorsport.com
Marc Marquez admits ‘touch of madness’ is key to...
Marc Marquez has provided fascinating insight into how he balances risk...
19h ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Pato O'Ward issues damning verdict on ‘Mario...
Pato O'Ward isn't chasing F1 any more after falling out of love with...
1d ago from MotorsportWeek.c...
Winners and losers from the IndyCar Grand Prix of Long...
No description available...
1d ago from Motorsport.com
IndyCar names officiating director ahead of Indy 500
IndyCar Officiating has announced Scot Elkins as the new Managing...
1d ago from MotorsportWeek.c...
IndyCar Officiating confirms Scot Elkins as Managing...
No description available...
1d ago from Motorsport.com
Popular On TotalWRC.com
How Rally Islas Canarias could crown another new WRC...
No description available...
20h ago from Motorsport.com
Why Dani Sordo is excited for his WRC topflight return
No description available...
2d ago from Motorsport.com
Ott Tanak lands 2027 WRC car testing role with Toyota
No description available...
5d ago from Motorsport.com
Thierry Neuville wants to "make everyone proud...
No description available...
5d ago from Motorsport.com
Popular On GunnersToday.com
The one simple trick Arsenal need to make their attack...
Morning all. As I am not a total masochist, I did not spend any time...
3h ago from Arseblog.com
'Even when he tries to be calm, he's faking it' -...
Former Chelsea star John Obi Mikel has claimed that Arsenal manager Mikel...
9h ago from SportsKeeda.com
'Typical bottle merchants', 'Bottling officially...
Arsenal and Mikel Arteta are being mocked on social media after Manchester...
11h ago from SportsKeeda.com
Arsenal latest: Why Arsenal are now second in PL title...
No description available...
12h ago from SkySports.com
Comments
Hottest News
Red Bull F1 exodus continues as yet another key figure...
The exodus of big names from Red Bull has been... Read More »
2h ago from GPFans.com
Stella hints at ‘brand new' McLaren for the upcoming...
After a challenging start to the 2026 season,... Read More »
38m ago from MotorsportWeek.com
Fernando Alonso replacement? Aston Martin F1 announce new...
Aston Martin have confirmed the signing of a... Read More »
37m ago from GPFans.com
