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Thursday, January 23, 2025

How a lot cash has every Method 1 staff earned from prize cash in 2024?


The head of accomplishment in Method 1 is undoubtedly the Drivers’ Championship, however on the subject of monetary rewards, the Constructors’ Championship is the place the actual earnings lie.

In Method 1, each place within the Constructors’ standings is vital as a result of the upper a staff finishes, the bigger their share of the prize fund. Which means battles for positions as little as sixth place can carry virtually as a lot significance because the struggle for first. The significance of those placements was evident this season, with important monetary implications shaping staff dynamics.

Purple Bull’s share of the prize pool took a significant hit this 12 months after shedding their Constructors’ title, primarily as a result of recurring points with the RB20. Moreover, Sergio Perez’s underwhelming performances value the staff tens of millions in prize cash and finally his seat for the 2025 season. Equally, Mercedes suffered financially after dropping two locations within the standings in comparison with 2023. McLaren, alternatively, emerged as the largest winners, clinching the Constructors’ Championship after ending fourth final 12 months and reaping the monetary rewards that got here with the victory.

The distribution of prize cash is ruled by the Concorde Settlement, a industrial contract amongst all groups that outlines how income is allotted. In keeping with this settlement, Method 1’s staff prize pool relies on 50% of its industrial rights earnings. Nonetheless, this share can fluctuate, as Method One Administration’s portion will increase as soon as sure income thresholds are reached.

Prize cash is just not divided equally among the many groups. Ferrari, for instance, receives an extra bonus of round 5% as a result of its historic significance, having participated in each Method 1 season since 1950. Different bonuses are granted for previous successes, equivalent to championship wins, which may end up in as much as 25% of the pot being allotted to bonuses alone, leaving the remaining quantity to be shared amongst all 10 groups.

Place Group Prize Cash
1. McLaren £106 million
2. Ferrari £99 million
3. Purple Bull £93 million
4. Mercedes £86 million
5. Aston Martin £79 million
6. Alpine £72 million
7. Haas £66 million
8. RB £59 million
9. Williams £52 million
10. Sauber £45 million

For 2024, the prize cash figures, as estimated by Autosport, are primarily based on 2023 revenues transformed to kilos sterling. The full staff funds are calculated at roughly £1.2 billion, with a prize pool of £1 billion.

The Monetary Ups and Downs of 2024

McLaren emerged as the highest earners, securing roughly £106 million, whereas Purple Bull’s whole dropped to £93 million as a result of their decline in efficiency. Mercedes additionally noticed a discount, incomes £86 million in comparison with £99 million the earlier 12 months after ending fourth.

Alpine’s dramatic rise from ninth to sixth, aided by their podium end in Brazil, resulted in an extra £20 million in prize cash. In distinction, Sauber ended the season as the largest loser, ending final behind Haas and experiencing a major monetary setback.

Because the Constructors’ Champions, McLaren will face a hefty entry price of £4.8 million for the 2025 season. This price is calculated at the next charge per level for the first-placed staff in comparison with the opposite 9 opponents. To place this into perspective, McLaren’s entry price alone exceeds the mixed charges of Aston Martin, Alpine, Haas, Purple Bull, Williams, and Sauber.

Regardless of their victory, McLaren’s 666-point tally is sort of 200 factors fewer than Purple Bull’s whole from the 2023 Method 1 marketing campaign. Consequently, their entry price stays decrease than the £5.8 million Purple Bull paid for his or her record-breaking efficiency final 12 months.

Maria Lombardi

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