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Thread: Ferrari Is Still F1's Richest Team

  1. #1
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    Ferrari Is Still F1's Richest Team


    Ferrari Is Still F1's Richest Team

    Looking purely at racing statistics, it is clear that – over the past two seasons – Red Bull is F1′s most successful team. In fact, Red Bull has won 23 of the last 40 races and 13 of the last 20. It only failed to make the podium in one race in 2011 (Abu Dhabi) and secured both the drivers’ and constructors’ championships. Certainly, this would mean that the Bulls get the biggest draw on F1′s pool of prize money as well, right? Wrong.

    Even though Red Bull has totally dominated the sport on track, it is Ferrari that hauls away the biggest share from F1′s clandestine “prize fund.” Jonathan Noble at Autosport has reported that – based on its independent sources – Ferrari will collect the first 2.5% of the nearly $700 million in F1 prize money this year. That’s over $17 million to a team that won only one race and finished third in the constructors’ championship. According to Noble, this unique bonus is based on Ferrari’s “unrivaled historical contribution, consistent presence and strength of the brand.”

    But that’s just the beginning. Noble also reports that Ferrari will get the largest cut of so-called “Category B” entitlements which are based on “world title winning success.” That amounts to another estimated $16 million. Thus, before it will even start testing again, Ferrari has filled its coffers with over $33 million. And it doesn’t end there. By finishing third in the constructor’s championship, Ferrari gets another big payday. By landing in the top three for two of the previous three years, Ferrari collects another $71 million.

    When you add it all up, Ferrari will take home over $104 million in 2011. That’s more than both Red Bull and McLaren who finished ahead of it in the season standings. Doing similar calculations, Noble reports that McLaren should collect nearly $85 million while Red Bull will earn a tad over $93 million.

    Despite this discrepancy in earnings – which would throw the NBA, NFL or Major League Baseball team owner’s association into cardiac arrest – the F1 teams give up the extra loot willingly. In particular, Ferrari’s exclusive 2.5% bonus based on “historical contribution” is signed off on by all teams in the Concorde agreement. As Noble writes, “every team recognizes the value of having the Prancing Horse there.”

    At Brazil last week, Red Bull boss Christian Horner told Autosport that nobody grumbles about Ferrari’s favored financial status. “It is better that Ferrari are here, than not,” Horner stated. “Ferrari and F1 are synonymous and, for us, the prestige of winning in F1 with Ferrari in it is immeasurably higher than if they were not. They are historically the most significant team and it is understandable why their commercial terms are slightly different to the others.”

    You have to recognize and be respectful of the Ferrari brand and the Ferrari heritage,” Horner continued. ”And we would far rather race in a championship with them – and it is great prestige to beat a team like Ferrari.”

    No doubt, beating Ferrari in F1 is a prestigious honor. But who knew it was so expensive!?

    - Text by Dana Larkin
    I reckon $100 millions dollars of that $104m should go to Alonso just for dragging that car to the podiums:xmasbiggrin:

    Another interesting comment (although obvious) I read was that for the last 5 years there has been no breakthrough performance parts or real technical innovation out of Maranello. Nothing that other teams will look at 'clue-less-ly' while being handed their backside on a plate come Sunday.

    Double Diffuser, Blown Diffuser, F-Duct, Flexi, and other novel stuff from other teams while noting from Ferrari!

    Hopefully next year Ferrari Fans will have something to brag about other than Fernando

  2. #2
    Join Date
    Feb 2003
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    Thread title is a bit misleading, we get the most prize money, does not make us the richest
    Forza Ferrari

  3. #3
    Join Date
    Dec 2006
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    so the top three teams basically takes one half of all the prize money!
    Die Perd se naam is pegasus abdel kader schrikt der woestijnen van bagdad tot dakar, seun van benedictus ernius quintus magnus van nassay en irma vor schimmelpernning von appeldoorn van tahiti in die heilige eg verbind kragtens die ewige edik uitgevaardig deur keiser tertius tillius theorodus en biskop merkenzein de mont saint allegonde van die vatikan.

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