Prize Money???

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jgold123
jgold123
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Joined: 01 Aug 2005, 19:02

Prize Money???

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Does anyone know if Formula 1 teams receive prize money for winning a GP? Also how much is it?

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f1.redbaron
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Joined: 31 Jul 2005, 23:29

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Some teams (McLaren) do this. Kimi gets $1 million/win for a maximum of $2 million dollars. He also gets another $1 million for the championship.

Source: F1Racing Aug 2005

jaslfc
jaslfc
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Joined: 19 Nov 2004, 13:47

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the fia doesnt give out prize money. teams do give out bonuses which is predetermine in the drivers contract.1 example is david coulthard gets 25k per point scored!!

DaveKillens
DaveKillens
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Joined: 20 Jan 2005, 04:02

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At the end of the season, teams are paid by Bernie for their points finish. Just getting one point is worth something. And for a team to complete a season without scoring any points will hurt them financially.

jaslfc
jaslfc
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Joined: 19 Nov 2004, 13:47

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i think they all get a share in the tv revenues but if they score points they get money frm the 'travel fund'... if someone knows more pls ellaborate