2023 F1 Team Earnings: Red Bull Takes the Lead

Formula 1 is thriving with packed stands and high broadcasting fees, and the distribution of the prize money, which is kept confidential, is determined by the final ranking in the constructors’ championship and various bonuses, with the champion getting 14% of the total and the last place getting 6%, and additional bonuses for teams with a long history in the sport, like Ferrari which gets around $40-50 million a year.

Highlights

‣ Formula 1 is a highly profitable sport, with promoters, television channels, and streaming services paying hundreds of millions to broadcast the sport and host the events.
‣ The distribution of the proceeds from these deals is determined by the final ranking in the constructors’ championship, with additional bonuses available.
‣ The constructors’ champion receives 14 per cent of the total prize money, while the last place team receives 6 per cent. Bonuses can also be earned, with factors such as the length of time a team has been in F1 and their championship history taken into account.
‣ The exact figures for the prize money distribution are not publicly announced, but estimates suggest that teams can earn from 55 to 128 million euros.


Formula 1’s doing pretty good, you know? Wherever this F1 show lands, it’s a full house. That’s why these promoters are shelling out big bucks to get F1 in their backyard. And let’s not forget the TV channels and streaming platforms. They’re paying a fortune, like hundreds of millions, just for the rights to air the sport.

Now, some of that dough ends up in the teams’ pockets. How much they get depends on their final standing in the constructors’ championship. Plus, there’s bonus money up for grabs too.

F1’s pretty hush-hush about the exact prize money figures. But we do know how they split the pot. The top dog, the constructors’ champ, gets a cool 14% of the total. The team at the bottom? They have to make do with just 6%. But hey, there’s also a ton of cash to be won from bonuses. Like, if a team’s been in F1 for a long time. That’s why Ferrari rakes in around forty to fifty million dollars a year.

Prize Money: It’s a Complicated Game

The bonus distribution isn’t straightforward either. It’s based on a complex key that factors in a lot of things. How long has your team been in the sport? How many times have you been crowned champion? And when was that? We don’t have the exact numbers, but Autosport has made an educated guess about the prize pool distribution.

Here’s a quick rundown:

Red Bull Racing: 128 million euros
Mercedes: 120 million euros
Ferrari: 114.5 million euros
McLaren: 103 million euros
Aston Martin: 95 million euros
Alpine: 87 million Euros
Williams: 79.5 million euros
AlphaTauri: 71 million euros
Sauber/Alfa Romeo: 63 million euros
Haas F1: 55 million euros

So, there you have it. The world of F1 prize money. It’s a wild ride, isn’t it?

Albert Ramirez
Albert Ramirez
Albert Ramirez is a senior writer at F1Highlights.com. With a passion for motorsports, Albert brings a unique perspective to the world of Formula One. With over five years of experience as a sports reporter, he has honed his skills in capturing the essence of the sport.

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