Formula 1 - The Prize Money
The $100,000,000 fine to McLaren has generated lots of talk about the “prize money” in Formula 1. So, how big the prize money actually is? Well, much bigger than it used be as recently as a year ago, due to much larger share of the TV revenue.
To qualify for the prize money, the team has to finish in top 10 in two years running. The money estimates are as follows:
1st – USD80,000,000 (2006 – USD35,000,000)
2nd – USD74,000,000 (2006 – USD33,000,000)
3rd – USD67,000,000 (2006 – USD30,000,000)
4th – USD60,000,000 (2006 – USD26,000,000)
5th – USD48,000,000 (2006 – USD22,000,000)
6th – USD46,000,000 (2006 – USD20,000,000)
7th – USD44,000,000 (2006 – USD18,000,000)
8th – USD42,000,000 (2006 – USD17,000,000)
9th – USD39,000,000 (2006 – USD16,000,000)
10th – USD37,000,000 (2006 – USD15,000,000)
These are only estimated numbers, for more accuracy you may have to get the Formula Money book, for GPB150.00 … They claim to have accurate figures on everything F1 related.
But even these figures are good enough to understand, why the teams take the constructors championship seriously. They do not exactly play for peanuts …
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May 29th, 2008 at 3:43 pm
[...] really make that much difference for Renault to finish 4th or 5th or 6th or 7th this season ? Yes, there is difference in the prize money for the team, but this is something Vijay Mallya or Gerhard Berger need to worry about. Renault [...]