Teams’ title worth millions to Red Bull
19 October, 2011
Oct.19 (GMM) Red Bull’s Formula 1 constructors championship spoils are worth tens of millions, according to a report.
Sport1 claims the 2011 constructors’ champions will earn over $80-million for the feat, even though the detail of the sport’s income distribution system is protected by the confidential Concorde Agreement.
But “The difference between first and second places is around ten million euros,” the team’s consultant Dr Helmut Marko is quoted as revealing.
The Spanish newspaper El Pais claims the world championship is worth close to $100-million to Red Bull in official F1 income.
The report said second place gets $68-million, and third $50-million, with the amounts then dropping proportionately by several million dollars for the lower placings down to tenth.
“For the small teams, a higher place in the constructors’ championship is very important because it means a lot of money,” said Spanish engineer Toni Cuquerella.
As for Red Bull’s millions, a lot of that money is already assigned to the development of next year’s single seater, demonstrated by designer Adrian Newey’s absence in Korea.
“He’s in the UK and focused on the RB8,” revealed team boss Christian Horner last weekend.
Related posts:
- Red Bull on verge of claiming F1 team title
- F1 midfield battle worth $9-million
- Bernie and teams pocket big cash in 2010
- Red Bull boss eyes title sponsor for team
- Gascoyne: Battle at the back worth millions
.. and in a related story, the FIA want to take a pile of that gain back in participation fees for the next season, based on championship points tally. The new game will be to maintain position with the least possible points. More ridiculousness from the governing body for teams to contend with.
And so they should
(Ferrari fan)
The money is paid out in what’s called ‘columns’, although Ferrari get 2.5% of the prize money pot even before their WCC position is taken into account.