Ferrari will again receive the largest share of Formula 1’s prize money despite finishing behind Mercedes in 2017 world championship, RaceFans can exclusively reveal.
Formula One Management projects £715 million in revenue will be shared between teams from income streams such as race hosting fees, broadcasting rights, track advertising and other areas.
Haas stands to gain the most compared to its rivals as having finished in the top 10 for the second time it now qualifies for a ‘column 1′ payment. Its earnings are set to increase by 176%.
McLaren’s favourable commercial terms with F1 mean it will receive the fourth-largest share of F1’s income despite finishing ninth out of the 10 teams last year.
Force India, which equalled its best-ever finish of fourth place in the constructors’ championship last year, is among the teams which stands to receive less money than McLaren. However the team went into administration last week, which jeopardises its claim to that income.
The current payment structure was agreed under Bernie Ecclestone and CVC’s control of the sport and will run until the end of 2020. As RaceFans revealed in April, Liberty Media, who has since replaced CVC as F1’s commercial rights holders, has proposed a new payment structure to teams to come into force in 2021.
Projected 2018 payments to F1 teams
All values in £m.
|Team||Column 1||Column 2||Total||LST||CCB||Other||Total||2017 +/-||2017 position|
The income is distributed as follows: Column 1 is divided equally among all teams which have finished in the top 10 places of the constructors’ championship in two of the past three seasons. Column 2 is shared between the top 10 finishers in last year’s championship, with the champions receiving 19% of the pot and the last-placed team taking 4%.
On top of that, Ferrari receives a unique ‘Long Standing Team’ payment, four teams receive additions ‘Constructors Championship Bonus’ payments, and Red Bull, Mercedes and Williams receive further bonus payments.
The teams receive their payments in a series of 10 instalments. The final balance payment will be received in March next year.
For the full story of why Force India has gone into administration and what the future may hold for the team read @DieterRencken’s new column later today on RaceFans. Find all previous RacingLines columns here
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