Ferrari, Mercedes and Red Bull will receive the most money from Formula One Management this year when close to a billion dollars is disbursed to the teams for their efforts in 2016.
The latest figures that have emerged continue to show the huge discrepancy in earnings between the ‘haves’ and the ‘have-nots’ in Formula 1 thanks to a myriad of complex deals, negotiated with teams individually during the Bernie Ecclestone era, which are set to continue until 2020.
Ferrari will bank the most from the $940-million earmarked for teams, despite only finishing third in the 2016 constructors’ championship, with $180-million destined for the Maranello coffers.
World Champion team Mercedes will receive $171 million for their efforts, while Red Bull will bank $161-million.
McLaren will receive almost half of Ferrari’s income with $97-million due to the Woking outfit.
Despite finishing fourth in the constructors championship last year, Force India will receive only $72-million, while Williams who were fifth will get $79-million thanks to a so called heritage bonus.
The second Red Bull team, Toro Rosso will earn $59-million, while Renault will only receive $52-million. The lowest earned by a factory backed team.
Sauber are due $49-million, while Haas who entered ths port last year take home $19-million.
If the income was shared out equally, each team would bank $94-million which would mean Ferrari’s cut would be almost halved while Saubers share would virtually be double.
The above mentioned income is distributed to the F1 teams during nine monthly payments starting in April, with a final revenue adjustment cheque due to teams in March 2018.
Read the full story at GRAND PRIX 247
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