Formula 1 team payments for 2016 revealed

Ferrari will receive more money than any other team in Formula 1 for its 2015 performance despite finishing second in the championship, Autosport can reveal.

Formula 1 team payments for 2016 revealed

Formula One Management collates revenues from hosting fees, media rights and other streams such as trackside sponsorship and hospitality.

The 2015 total was $965m and this will be distributed across 10 teams through nine monthly payments from April with a final "check" payment - when definitive revenues have been calculated - early in 2017.

The table below details the split, divulged to Autosport in Bahrain, and shows how F1 disproportionately awards its revenues.

Column 1 payments are based on a team's classification over two of the past three years, while Column 2 payments are based solely on a team's 2015 classification.

The Column 1 pot is divided equally amongst all qualifying teams with each estimated to earn $33.5m.

Column 2 is calculated on a sliding scale from first to 10th place with first receiving 19 per cent of the fund, sixth 10 per cent and 10th four per cent.

There are constructors' championship bonus (CCB) payments for four teams - Ferrari, Mercedes, Red Bull and McLaren, which have been agreed in separate deals.

There is also a long-standing team payment for Ferrari and other fixed prize fund payouts such as a heritage bonus for Williams and negotiated payments for Red Bull Racing and Mercedes.

Red Bull receives its extra annual payment for being the first team to sign the current bi-lateral agreement, which runs to 2020, while Mercedes will earn its bonus annually from now on after meeting its agreed target of two world championships.

View a larger version of this graphic here

This year, Ferrari will earn an estimated $192m which is almost 20 per cent of the total. It's also $33m more than the team earned last year.

Ferrari's earnings consist of $87m in performance payments and $105m in historic/CCB bonuses.

Reigning champion Mercedes won 16 grands prix, including 13 one-twos, compared to Ferrari's three wins but earned just 17.7 per cent of the total fund with $171m, of which $74m consists of bonuses.

Further down the order the disparities are more glaring, with Red Bull receiving $144mm to the $87m earned by third-placed Williams, which finished ahead of it in the 2015 constructors' standings.

Sir Frank Williams's team will receive less than half that of Ferrari's total despite finishing just one place adrift in the championship.

McLaren, which finished ninth, receives a projected $82m, while fifth-placed Force India earned $67m - a situation that lays at the heart of the team's complaint to the EU Commission over what it insists is unfair competition.

Speaking to Autosport in Bahrain, FOM CEO Bernie Ecclestone admitted there had been "conversations" with the Commission over complaints filed by Force India and Sauber, which placed eighth ahead of McLaren, yet receives just $54m.

The imbalance is best illustrated by the fact that equally sharing the 'pot' among 10 teams would lead to Williams earning $96.5m rather than $87m for third place.

At $965m, the teams' payouts are nine per cent up on last year's total payout of $883m despite there being the same number of rounds (19).

However, a $35m bonus negotiated by Mercedes for a second constructors' championship is paid from a separate reserve, making the purified revenue increase $47m, or roughly five per cent.

FOM's 2015 turnover is estimated at $1.9bn, with underlying revenues estimated $1.4bn.

These are shared between FOM and the teams on an approximate 35/65 split based on terms of individual bilateral contracts that run through to 2020.

shares
comments

Mercedes working with Daimler to fix F1 start problems

F1 actually does need a dictator

How F1's new era has exposed the downside of its most important rule

How F1's new era has exposed the downside of its most important rule

Plus
Plus
Formula 1
Jonathan Noble

How F1's new era has exposed the downside of its most important rule How F1's new era has exposed the downside of its most important rule

What next for Mercedes in its quest to get back to the top of F1?

What next for Mercedes in its quest to get back to the top of F1?

Plus
Plus
Formula 1
Saudi Arabian GP
Alex Kalinauckas

What next for Mercedes in its quest to get back to the top of F1? What next for Mercedes in its quest to get back to the top of F1?

Why Piastri’s F1 homecoming will be a landmark occasion

Why Piastri’s F1 homecoming will be a landmark occasion

Plus
Plus
Formula 1
Australian GP
GP Racing

Why Piastri’s F1 homecoming will be a landmark occasion Why Piastri’s F1 homecoming will be a landmark occasion

The recent Australian GP form history that will boost Ferrari in F1 2023

The recent Australian GP form history that will boost Ferrari in F1 2023

Plus
Plus
Formula 1
Australian GP
Alex Kalinauckas

The recent Australian GP form history that will boost Ferrari in F1 2023 The recent Australian GP form history that will boost Ferrari in F1 2023

The cycle of F1 upheaval Williams must end to rediscover past glories

The cycle of F1 upheaval Williams must end to rediscover past glories

Plus
Plus
Formula 1
GP Racing

The cycle of F1 upheaval Williams must end to rediscover past glories The cycle of F1 upheaval Williams must end to rediscover past glories

The state of play in F1's technical silly season

The state of play in F1's technical silly season

Plus
Plus
Formula 1
Jake Boxall-Legge

The state of play in F1's technical silly season The state of play in F1's technical silly season

Ranking the top 10 pre-war grand prix drivers

Ranking the top 10 pre-war grand prix drivers

Plus
Plus
Formula 1
Kevin Turner

Ranking the top 10 pre-war grand prix drivers Ranking the top 10 pre-war grand prix drivers

Why drivers are the least of Ferrari’s F1 worries

Why drivers are the least of Ferrari’s F1 worries

Plus
Plus
Formula 1
GP Racing

Why drivers are the least of Ferrari’s F1 worries Why drivers are the least of Ferrari’s F1 worries