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Do F1 teams get prize money?

Category: FAQ

Yes, but the exact details are not public.

The promotor, Liberty Media, shares profit from the season between its shareholders and the teams, 50/50.

The teams share is distributed under a prearranged matrix. Each team receives $35,000,000 base fee and then a share based on the total points earned during the season. Finally, the top three teams receive a bonus and a small number of teams receive legacy payments. Of note, Ferrari receives an extra 2.5% of the teams fund.

In 2018, Mercedes won the constrictors title and earned $177,000,000.00 while Ferrari came second and were paid out $205,000,000.00

The information above is indicative only.

 

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Andrew Burden

The author Kiwi F1 Fan

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