-7.3 C
New York
Thursday, January 23, 2025

How a lot cash has every Formulation 1 crew earned from prize cash in 2024?


The head of feat in Formulation 1 is undoubtedly the Drivers’ Championship, however in terms of monetary rewards, the Constructors’ Championship is the place the actual income lie.

In Formulation 1, each place within the Constructors’ standings is important as a result of the upper a crew finishes, the bigger their share of the prize fund. Which means that battles for positions as little as sixth place can carry nearly as a lot significance because the struggle for first. The significance of those placements was evident this season, with important monetary implications shaping crew dynamics.

Pink Bull’s share of the prize pool took a serious hit this yr after dropping their Constructors’ title, primarily because of recurring points with the RB20. Moreover, Sergio Perez’s underwhelming performances price the crew hundreds of thousands in prize cash and finally his seat for the 2025 season. Equally, Mercedes suffered financially after dropping two locations within the standings in comparison with 2023. McLaren, alternatively, emerged as the most important winners, clinching the Constructors’ Championship after ending fourth final yr and reaping the monetary rewards that got here with the victory.

The distribution of prize cash is ruled by the Concorde Settlement, a business contract amongst all groups that outlines how income is allotted. In accordance with this settlement, Formulation 1’s crew prize pool is predicated on 50% of its business rights income. Nevertheless, this share can fluctuate, as Formulation One Administration’s portion will increase as soon as sure income thresholds are reached.

Prize cash will not be divided equally among the many groups. Ferrari, for instance, receives an extra bonus of round 5% because of its historic significance, having participated in each Formulation 1 season since 1950. Different bonuses are granted for previous successes, equivalent to championship wins, which may end up in as much as 25% of the pot being allotted to bonuses alone, leaving the remaining quantity to be shared amongst all 10 groups.

Place Group Prize Cash
1. McLaren £106 million
2. Ferrari £99 million
3. Pink Bull £93 million
4. Mercedes £86 million
5. Aston Martin £79 million
6. Alpine £72 million
7. Haas £66 million
8. RB £59 million
9. Williams £52 million
10. Sauber £45 million

For 2024, the prize cash figures, as estimated by Autosport, are based mostly on 2023 revenues transformed to kilos sterling. The entire crew funds are calculated at roughly £1.2 billion, with a prize pool of £1 billion.

The Monetary Ups and Downs of 2024

McLaren emerged as the highest earners, securing roughly £106 million, whereas Pink Bull’s complete dropped to £93 million because of their decline in efficiency. Mercedes additionally noticed a discount, incomes £86 million in comparison with £99 million the earlier yr after ending fourth.

Alpine’s dramatic rise from ninth to sixth, aided by their podium end in Brazil, resulted in an extra £20 million in prize cash. In distinction, Sauber ended the season as the most important loser, ending final behind Haas and experiencing a big monetary setback.

Because the Constructors’ Champions, McLaren will face a hefty entry payment of £4.8 million for the 2025 season. This payment is calculated at the next charge per level for the first-placed crew in comparison with the opposite 9 opponents. To place this into perspective, McLaren’s entry payment alone exceeds the mixed charges of Aston Martin, Alpine, Haas, Pink Bull, Williams, and Sauber.

Regardless of their victory, McLaren’s 666-point tally is almost 200 factors fewer than Pink Bull’s complete from the 2023 Formulation 1 marketing campaign. Consequently, their entry payment stays decrease than the £5.8 million Pink Bull paid for his or her record-breaking efficiency final yr.

Maria Lombardi

Purchase official Ferrari F1 merchandise!

Let different Scuderia Followers find out about us

Pin Share



Related Articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest Articles