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5 Aug 2005, 21:30 (Ref:1373411) | #1 | |
Rookie
Join Date: Aug 2005
Posts: 9
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Money?
The talk about driver salaries got me thinking...
How do teams/drivers earn money in F1? Do they expect sponsorships to cover everything? I never heard about prize money, so I just assumed there wasn't any. |
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5 Aug 2005, 21:43 (Ref:1373431) | #2 | |
Racer
Join Date: May 2005
Posts: 230
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When Bernie Ecclestone first entered Formula One as an owner of Brabham, he succesfully campaigned to vastly increase the prize fund. I can only assume that huge amounts of prize money are still at stake.
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5 Aug 2005, 21:43 (Ref:1373432) | #3 | ||
14th
1% Club
Join Date: Jul 2001
Posts: 44,206
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Prixe money? Well that is all very secret. most of it is closely related to the commercial deals they have all signed up for (the Concorde agreement). The amoutn the get from this depends on many factors including their results. They get a lot from this, but most still comes from external funding.
There has been examples cited (although not confirmed) that the difference between, say, 5th and 6th in the constructors championship can be worth millions. It is all guesses though. The technical and sporting regs are freely available, the commercial regs? If you've got a copy please lend it me. |
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Brum brum |
5 Aug 2005, 22:00 (Ref:1373447) | #4 | ||
Veteran
Join Date: Sep 2001
Posts: 13,000
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Prize money is paid out on the final championship positions each year, although not for individual race result AFAIK. Teams also get money for their participation, which (as has been discussed at length in the past) is higher for long-standing teams.
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5 Aug 2005, 22:04 (Ref:1373448) | #5 | ||
Racer
Join Date: May 2005
Posts: 230
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Quote:
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6 Aug 2005, 05:46 (Ref:1373553) | #6 | |
Veteran
Join Date: Dec 2003
Posts: 6,885
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Prize money for individual races still exists. It is determined by a complex formula of qualifying positions, positions at 1/4, 1/2 and 3/4 distance in the race and the finishing position.
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Wolverines! |
6 Aug 2005, 11:48 (Ref:1373667) | #7 | |
Registered User
Veteran
Join Date: Feb 2003
Posts: 16,661
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Correct
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6 Aug 2005, 12:53 (Ref:1373694) | #8 | ||
Veteran
Join Date: Jan 2004
Posts: 1,254
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i thought that it was also dependant on the colour of schumachers underwear as well?
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never eat belly button fluff |
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