Ferrari "received more money than any other team" in F1 for the '14 season due to the championship's current payment system, according to Rencken & Barretto of AUTOSPORT. At the end of each season, Formula One Management "collates
revenues from three streams" -- hosting fees, media rights and "other"
such as trackside sponsorship and hospitality. It then distributes 65% of the underlying revenues among the qualifying teams. However,
while 50% of those revenues "is distributed to teams based on their finishing position in the constructors' championship," the other 15% is split between Ferrari, Red Bull, Mercedes, McLaren and
Williams -- in the form of a "premium payment." These premium payments were agreed to by the five major teams "by
way of bilateral agreements" in early '12, ahead of the expiration of
the Concorde Agreement. In '14, Ferrari received
$67M for finishing fourth in the constructors' standings, $25M less than champion Mercedes. But the
Scuderia received a further $97M in the form of a premium payment,
bringing its total revenue to $164M, "more than any other team" (AUTOSPORT, 5/13).
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| Source: AUTOSPORT |
