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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.
Formula One teams pay entry fees of $500,000, plus $5,000 per point scored the previous year or $6,000 per point for the winner of the Constructors' Championship. Formula One drivers pay a FIA Super Licence fee, which in 2013 was €10,000 plus €1,000 per point. [223] There have been controversies with the way profits are shared among the teams.
Kimberley Grand Prix Data Book: Formula 1 Racing Facts and Figures 1950 to Date. Sparkford, England: Haynes Publishing. ISBN 0-946132-63-1 – via Open Library. Hughes, Mark; Tremayne, David (2002). The Concise Encyclopedia of Formula 1. Bath, England: Parragon. ISBN 0-75258-766-8 – via Open Library. Jones, Bruce (2015).
The Concorde Agreement is a contract between the Fédération Internationale de l'Automobile (FIA), the Formula One teams and the Formula One Group which dictates the terms by which the teams compete in races, and how the television revenues and prize money is shared. There have been eight versions of the Concorde Agreement, all of which terms ...
McLaren Racing heads into the Singapore Grand Prix as Formula 1's hot new darlings, the papaya-drenched team that just may be the ones to finally dethrone Red Bull and Max Verstappen. Red Bull and ...
From the inaugural season of the World Constructors' Championship in 1958 up until the 1978 season only the highest-scoring driver in each race for each constructor contributed points towards the World Constructors' Championship (then officially as the International Cup for Formula One Constructors); since the 1979 season points from all cars ...
In 1991, the points system was again revised to give the victor 10 points, with all other scorers recording the same 6–4–3–2–1 result. In 2003, the FIA further revised the scoring system to apportion points to the first eight classified finishers (a classified finisher must complete 90% of race distance) on a 10–8–6–5–4–3–2 ...
As of the 2024 season, out of the 777 drivers who have started a Formula One Grand Prix, [16] the 75 titles awarded have been won by a total of 34 different drivers. [8] [9] The first Formula One World Drivers' Champion was Giuseppe Farina in the 1950 championship and the current title holder is Max Verstappen in the 2024 season.