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
KTM backs “unlucky” Maverick Vinales to return and...
No description available...
1h ago from Motorsport.com
Guenther Steiner: MotoGP riders ‘need to be of a...
Tech3 KTM CEO Guenther Steiner has continued to share his admiration for...
2h ago from MotorsportWeek.c...
Aleix Espargaro hospitalised after crash in Sepang...
No description available...
1d ago from Motorsport.com
Jack Miller on Yamaha’s MotoGP struggles:...
No description available...
20h ago from Motorsport.com
Popular On IndyCarToday.com
Andretti confirmed to field just three cars for Indy...
Andretti Global has confirmed that the team will only run three cars in...
16h ago from MotorsportWeek.c...
AJ Foyt Racing adds Toby Sowery as reserve driver
No description available...
22h ago from Motorsport.com
Toby Sowery joins AJ Foyt Racing in IndyCar reserve...
AJ Foyt Racing has appointed Toby Sowery as the team’s reserve driver...
21h ago from MotorsportWeek.c...
Feature: RLL’s split fortunes in Barber highlight...
At the most recent IndyCar race from Barber Motorsports Park, Graham...
1d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Oliver Solberg out of Croatia Rally (for now)
Friday: Oliver Solberg crashed out of Rally Croatia about four km into...
5h ago from MotorsportWeek.c...
WRC Croatia: Oliver Solberg crashes out on opening...
No description available...
4h ago from Motorsport.com
Elfyn Evans out of Croatia – SS3
Croatia’s Friday stages were all new. With a 16 second lead going into...
3h ago from MotorsportWeek.c...
Jon Armstrong succumbs to Croatia stages
Jon Armstrong has retired from Rally Croatia in stage four after he...
2h ago from MotorsportWeek.c...
Popular On GunnersToday.com
“Ronaldo should pack it now” - Ex-Arsenal star...
Former Arsenal midfielder Anders Limpar has urged Cristiano Ronaldo to...
1h ago from SportsKeeda.com
Arsenal vs Bournemouth Prediction and Betting Tips |...
The Premier League returns to the fold with another set of matches this...
1h ago from SportsKeeda.com
Arsenal enter race to sign 22-year-old midfielder...
Arsenal have reportedly joined Leeds United in the race for Stade Rennais...
2h ago from SportsKeeda.com
Arsenal and Man United on alert as club green light...
Top Premier League clubs are on alert after finding out about the...
3h ago from CaughtOffside.com
Comments
Hottest News
Honda blamed for Adrian Newey F1 retirement U-turn: 'He was...
An F1 insider has revealed that Honda brought... Read More »
1h ago from GPFans.com
Zak Brown breaks silence on GianPiero Lambiase McLaren coup
McLaren Racing CEO Zak Brown has broken his... Read More »
48m ago from MotorsportWeek.com
Piastri says he is now ‘more comfortable’ letting his...
For a driver once known for his cool, almost... Read More »
38m ago from F1i.com
