September 15th, 2007
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 …

[www.f1wolf.com]


300-350 million dollars is the budget for the big teams

I think there is a bigger difference between 5, 6, 7, 8, 9 and 10th than "only" 2 million.

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"Williams would never choose to leave Formula One. So long as we can rub together a few pennies and put together a half-decent budget, we are going to go racing."

doesnt seem red bulls effort to nvest an extra $20 millon to get fourth if the prizd diffrence is only $12 millnion

By that logic the eventual champions will go apeshit when they realize they went a couple of hundred million dollars over thier 80M prize...

i think ferraris entire budget is covered by prize money, sponsors and what ever extra bernie is paying ferrari

ferraris enitre budget is covered by philiop morris
sponsors pay phillip morris to appear on the car except shell i believe
prize money just pauys for their drivers probably

williams will get a lot less prize money compared to last year

last year 60 million
this year 42 million or 44 million at best