adminParis (France) – Ferrari will receive more money than any other team in Formula 1 for 2015, despite finishing second in the championship to Mercedes, British magazine Autosport reported yesterday.
The 2015 total payout was $965 million and this will be distributed across 10 teams, with Ferrari leading the way ahead of the reigning double world champions.
Formula One Management (FOM) collates revenues from hosting fees, media rights, trackside sponsorship and hospitality, with the teams receiving nine monthly payments with a final payment due in early 2017 when definitive revenues have been calculated.
Top-earning teams:
Ferrari will earn an estimated $192m – $33m more than last year – almost 20 percent of the total, of which $105m was bonuses.
Mercedes won 16 grands prix, including 13 one-twos, compared to Ferrari’s three wins, but earned just 17.7 percent of the total fund with $171m – $74m consisting of bonuses.
Red Bull received $144m compared to the $87m earned by third-placed Williams, despite the latter finishing ahead of the Milton Keynes-based team in the 2015 constructors’ standings.
Frank Williams’s team will receive less than half of Ferrari’s total, despite finishing just one place behind in the championship.
McLaren, which finished ninth, receives a projected $82m, while fifth-placed Force India earned $67m, a situation which has lead to the team’s complaint to the EU Commission over unfair competition.
F1 commercial ringmaster Bernie Ecclestone admitted in Bahrain there had been “conversations” with the European Commission over complaints filed by Force India and Sauber, which placed eighth ahead of McLaren, yet receives just $54m.
At $965m, the teams’ payouts are nine percent up on last year’s total $883m, despite there being the same number of rounds (19).
FOM’s 2015 turnover is estimated at $1.9bn, with underlying revenues estimated at $1.4bn.
Meanwhile, Formula One is set to revert to the 2015 qualifying format after a two-race experiment with “progressive elimination” this season was widely lambasted as a fiasco by teams and fans.
The agreement will come into force from the Chinese Grand Prix in Shanghai on April 17.
“At the unanimous request of the teams in a letter received today, Jean Todt, president of the FIA, and Bernie Ecclestone, commercial rights holder representative, accepted, in the interests of the Championship, to submit a proposal to the F1 Commission and World Motor Sport Council to revert to the qualifying format in force in 2015,” said an FIA statement.
“This proposal, if approved by the F1 governing bodies, will take effect as from the Chinese Grand Prix and will apply for the rest of the season.
“Jean Todt and Bernie Ecclestone welcomed the idea put forward by the teams to have a global rankings.
F1 Commercial revenues for 2015: (2015 world championship rankings in brackets)
1. Scuderia Ferrari, $192 million (2)
2. Mercedes-AMG, $171m (1)
3. Red Bull Racing, $144m (4)
4. Williams F1, $87m (3)
5. McLaren-Honda, $82m (9)
6. Force India, $67m (5)
7. Renault (ex-Lotus), $64m (6)
8. Scuderia Toro Rosso, $57m (7)
9. Sauber F1, $54m (8)
10. Manor Racing, $47m (10) – AFP.
Online Reporter