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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...
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7y ago from MotorsportWeek.com
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