F1 teams? prize money revealed
Many complaining about Ferrari getting extra money for no reasons. At least the bonus has a title that kind of justfies and explains it. What about the "other" payments to Mercedes, RB and Williams instead?
It's the various bonuses that really unbalance the payments to teams structure. They aren't related to performance but to purely subjective criteria.
Actually an estimated 58% of all F1 sales, which includes hats, shirts, all of that stuff are attributed to Ferrari and that's why they have so much say, the veto and the extra money. Without Ferrari, F1 would be bankrupt.
I am not denying Ferrari's impact in the sport, but to say that F1 wouldn't survive its departure is purely speculative and not based on solid facts. It's a myth which is constantly bandied about to excuse the unfair advantage given to the Scuderia. Maybe now is the time to put that to the test? Alfa Romeo, Mercedes and Maserati have left F1 in the past and it survived. Jaguar, Aston Martin, Maserati, Ferrari and Ford have left Le Mans and it also survived There will always be new teams, new constructors interested to come in F1.
They're not exactly secret bonuses though are they? - Everybody who comes into F1 knows about the bonus payments and the criteria that they are based on. Why should the likes of Sauber or Force India receive the same level of payment as Ferrari or McLaren? How many people go to F1 races to support them compared to Ferrari, McLaren, Williams, Mercedes or even Red Bull? At the end of the day, they are just the supporting act to the big names! People whinge, whine and b:censored:tch about how much Ferrari get paid each season, but let's face some facts here: Which team has shown the most commitment to F1 over the decades? Which Team generates the most interest in F1? Which team has the biggest following in F1? Which team is the team that all the others want to beat? How is F1 any different to a movie with a major star in the leading role who gets paid more than any of the other actors in the film? Do you watch a film starring Brad Pitt and complain that his co stars didn't get paid as much? Do you watch a film Starring Jennifer Aniston and tell everyone that the film would have been just as successful if one of the co-stars played the lead roll instead? No! - Films have their big stars who earn the most money and so does F1, and the biggest name in F1 still to this day is Ferrari!
I am not surprised to see you defending an unfair system; I almost expected it. All the 11 teams participating in F1 play their part, so each of them should receive the same basic Participation Payment. That would be the minimum each team receives. Then, each team should receive a performance related payment, based on the points collected the previous year. Already that favours the best financed/richer teams. I don't see the need to give on top of that extra bonus payment to some already well funded teams, or fidelity payment to others without justification. That is grossly exaggerated, unfair and a blatant injustice to anyone not part of the "little gang" favoured by Ecclestone. Ferrari shouldn't receive any preferential treatment; it should receive its share of performance related payment, and no extra bonus.
Agree - as we have discussed before. You can't race against yourself. The big teams should inherently make more from merchandizing also which isn't shown in that distribution and is not shared with the smaller teams. I like revenue sharing in the NFL, but I cringe when I think of say Manor getting a chunk of Ferrari revenue. I don't think that would be fair with the way teams can come and go in this sport.
Do you cringe knowing that most college sports programs lose money, and the deficit is covered in part by students who pay tuition? Do you cringe knowing that most NFL stadiums have cost taxpayers big money and give a negative ROI? If not, why shouldn't Manor get freebies for doing nothing?
Anyway, the old hats and RBR getting a bigger slice of the pie is fine by me. They do a lot of direct and indirect promotion of the sport on their own time and dime, so why not? Does anyone here know that Manor also sells boat anchors? I bought one, but returned it because it took too long to reach bottom.
Not quite sure I'd go that far...... And I don't believe 'memorabilia' sales are anything to do with Bernie's payouts. I'm pretty sure the trucks laden with that stuff are outside of Bernie's bailiwick. Sure, they have to pay (lots) to be allowed into the tracks, but what they're selling is irrelevant. (I think?) It's actually a pretty well thought out system.... Everyone gets an equal share (col 1). Then further $ based on performance in the previous season (col 2). Then the 'CCB', which is pretty much a 'loyalty' bonus. Ferrari's $70M looks a little high I agree. Particularly when Merc & the Cans get half that based on their performance over, IIRC, the past 3 (5?) years. It may not be right, but they all agreed to this structure when they signed the Concorde agreement - They all know what they're getting into. TBH, the only thing that strikes me as wrong is the $70M to Ferrari for showing up. That in itself is more than the total half the grid make! I understand their 'importance' to the sport, but that # seems excessive to me. Cheers, Ian
+1 In football for example teams can sell their own stadium's tickets and broker their own tv coverage. As in F1 that money is not directly dealt by the individual teams I think it's right that money is split in different amounts on the basis of the number of fans and following each team has.
First of all, Manor is not "doing nothing" - they are fielding 2 cars in the field including one being driven by a potential future F1 star. Ferrari and RBR would look a little silly having a GP with 4 cars. Are they a great team? No, but they are better than last year. No colleges with *good* teams lose money on them. Kids go to schools because of the sports culture - brings in tuition. The alumni donate money based on performance - goes to their endowments, which are massive in many cases and generate revenue tax free, although that may change soon for some of the larger ones. Ticket sales, merchandise, etc. etc. NFL stadiums are financed by the owners and the local government; other NFL teams and the NFL administration have nothing to do with it. If a state can't handle its finances, I don't see what that has to do with revenue sharing in the NFL, which is not involved in the least. There are a lot of intangibles in a sports town from creating a new stadium. In Pittsburgh for instance, it's been very successful in rejuvenating the north shore of the city. Unfortunately, not all cities, administrations, fans, etc are created equal. Not everyone can succeed.
Yipee. The Detroit Red Wings have been around since the late 1920's, won 11 Stanley Cups; receive no special treatment from the NHL. The sport should be larger and more important than any of the teams which compete in it. The teams are only famous because the sport exists, not the other way around. F1 is only partially a sport unfortunately, as is all racing honestly. Anytime it is not just about talent and performance, you diminish the sport.
It's the "loyalty bonuses" which I find disproportionate. $70M is a hell of a lot of money, so is $35M, just to reward fidelity in the championship. As for all the teams "agreeing" with the Concorde Agreement, they don't have a choice!! If you don't sign, you cannot participate in F1. So new teams join, and then fight the injustice from inside. That sounds perfectly logical to me. A new entrant can't legally object to it, unless it can demonstrate the laws in the system.
Sure, understood. Bernie too understands that - That's why he gives it to them; In short, as others have noted, 'no Ferrari, no F1'. But that 'bonus' dwarfs what half the grid make in total. That just seems terribly unfair to me. Cheers, Ian
Yep, very unfair to me as well. Ferrari receives in bonus alone, the budget of a small independent team. That cannot be right. That's one of the reason why I don't root for Ferrari anymore. With their extra funding, they should win more races, and clinch more championships; but they don't! They have no excuse ... F1 is a two tiers championship, and Bernie created that.
This is taken as gospel, when there is absolutely no proof that it is true. Like all axioms, this is advanced without any evidence, and the whole ethos of F1 is based upon that. I am sorry, but I am one of the unbelievers in that myth...
In one colorful image everything that is wrong with F1. The fact that in one breath those in charge will talk about better racing, more competition and inviting new teams in whilst paying 'historical payments' that are greater than entire teams budgets, says it all. Not to mention their veto power. The day F1 stops pandering to Ferrari is the day this sport can genuinely move forward. If they don't like it they can piss off to another racing series that nobody cares about.
Fair enough. It may be a slight exaggeration, but if you look in the stands at any GP it's tantamount to going to a Man U football match..... Red everywhere! It's their 'allure', the (supposed) 'exclusivity' and, yes, their history that attracts so many fans. Take that away and I'd be willing to bet F1 would rapidly lose a lot of its 'pinnacle of motorsport' kudos. Sure, F1 is bigger than Ferrari alone, but they're a large part of its appeal to many. Without them it would become just another race car series, and we know few of those attract much attention. (Le Mans being the exception that proves the rule of course.) Cheers, Ian
+1 pretty much agreed on all there. I'd forgotten their (in?)famous 'veto power' too. That just doesn't seem right to me either. They're an absolutely integral part of the game, are the guys who've been there since day one, blah, blah, but having the right to veto anyone's ideas is jumping the shark. To me at least. Cheers, Ian
The fact that the FIA/FOM has given so much advantage and privilege to Ferrari turned me off completely from that team. I am probably not the only one, but I find that so blatantly injust that I now wish any other team to win, but not them now!
Remember it is not "Formula Libre". Toss out all the restrictive rules and Ferrari would have updated cars for each race and win handsomely.
