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Formula 1's huge prize pot centres around the Constructors' Championship, with the pot made up from 50 per cent of F1's commercial rights revenue for each season, reports Sky Sports.
The Constructors' Championship was first awarded, as the International Cup for Formula One Manufacturers, in 1958 to Vanwall. [9] In 1981 this name was officially changed to the World Constructors' Championship. The makes of both chassis and an engine are included in the constructor name. [10]
A points scoring system is used for each Grand Prix held over the course of the F1 season to determine the outcome of two annual championships, one for drivers (World Drivers' Championship) since 1950, and one for constructors (World Constructors' Championship) since 1958. [1] [4] Each driver accumulates championship points individually in the ...
Between the 1974 and 1995 seasons the numbers were based on the teams' finishing positions in the 1973 Constructors' Championship (with slight modifications, e.g. Ferrari's traditional numbers were 11–12 until 1980 and 27–28 from 1981 onwards) and each team only changed numbers if they had the driver who had won the World Drivers ...
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McLaren won the Formula 1 constructors’ championship on Sunday for the first time in more than a quarter century, securing it in the final race of the season by keeping chief rival Ferrari at bay.
Italian constructors are second with 270 wins between six constructors. German constructors are third, having won 131 Grands Prix between three constructors. During the first four championship seasons (1950–1953), only Italian constructors won championship races, with the exception of the Indianapolis 500.
This money is awarded proportionally based on the teams' World Constructors' Championship positions and forms a significant part of a team's budget for the upcoming year. With fewer races and the prize structure remaining fixed, teams were concerned that they would suffer a significant financial loss.