Formula 1
Formula 1
10 Jul
Event finished
31 Jul
Event finished
07 Aug
FP1 in
05 Hours
:
28 Minutes
:
34 Seconds
R
Italian GP
04 Sep
FP1 in
28 days
R
Tuscany GP
11 Sep
Next event in
34 days
R
Eifel GP
09 Oct
Next event in
62 days
23 Oct
Next event in
76 days
R
Emilia-Romagna GP
31 Oct
Next event in
84 days
R
Abu Dhabi GP
27 Nov
FP1 in
112 days

F1’s flawed financial model explained

shares
comments
Nov 8, 2019, 11:23 AM

Formula 1 has revealed its blueprint for major changes in 2021, but those well-intentioned plans could all fall flat if it fails to fix the way it distributes prize money among the teams.

The current contracts between F1 and the teams were agreed with Bernie Ecclestone, at a time when he needed to do whatever it took to get long-term commitments from the main players.

The result was a disproportionate amount of money being paid out to the most important teams, which has created an imbalance that now plays out on the track.

This video explains how the current system works, and it’s pretty clear to see why it needs to change.

Read Also:

Wolff: Making fewer mistakes key to 2019 Mercedes titles

Previous article

Wolff: Making fewer mistakes key to 2019 Mercedes titles

Next article

Vettel counters Brawn’s criticism of current F1 cars

Vettel counters Brawn’s criticism of current F1 cars
Load comments

About this article

Series Formula 1