Ferrari Leads in Earnings, Red Bull Close Behind: F1 Team Payouts Revealed

Formula 1’s revenues reached a record $3.222 billion in 2023, with teams receiving increased payouts, though at a lower percentage of total income due to the Concorde Agreement, and Ferrari earning the most among the teams with a payout of $208 million in 2024.

Highlights

‣ Formula 1’s revenue reached a record $3.222 billion in 2023, with significant growth in TV viewership, interest from Grand Prix organisers, and yearly increases in the sport’s revenues.

‣ The distribution of profits to F1 teams has increased to $1.215 billion in 2024, up from $1.157 billion in 2023, although the percentage of total income distributed to the teams has decreased from 66% to 63% due to the Concorde Agreement.

‣ Ferrari is set to receive the most funding of any team in 2024, with a payout of $208 million, reflecting factors such as past performance, historical presence in the sport, and other considerations.

‣ The financial distribution among F1 teams varies significantly, with teams like Williams seeing a notable increase in their payout due to factors like their rich history, while others like Stake F1 (Sauber) and Alpine received less in 2024 compared to 2023.


Oh, the world of Formula 1, it’s like a high-speed soap opera with engines. Lately, it’s been smashing records left, right, and center. More folks are tuning in on their TVs than ever before. And cities? They’re practically tripping over themselves to host a Grand Prix. Plus, the cash flow? It’s like a river that’s burst its banks. In ’23, Liberty Media, the big boss behind F1, announced they raked in a cool $3.222 billion. Yep, that’s billion with a ‘B’. A record, no less. And guess what? The teams, all ten of them, they get a slice of this golden pie.

This year, the teams are pocketing $1.215 billion. That’s up from $1.157 billion last year. But here’s the kicker: Liberty Media’s wallet is getting fatter at a faster rate than the teams’. Why, you ask? Well, it’s all down to this thing called the Concorde Agreement. It’s kinda like the rulebook for how the money pie is sliced. Once upon a time, teams got 66% of the total revenue. Now? It’s shrunk to 63%. So, as the pot grows, F1’s slice gets disproportionately bigger. Sneaky, right?

### Ferrari makes the most money
Not all teams are created equal, at least when it comes to payday. The cash distribution is a complex beast, influenced by last season’s performance, historical achievements, and how long they’ve been in the game. Last season, Red Bull Racing was nearly unbeatable, but it’s Ferrari that’s laughing all the way to the bank in 2024. They’re set to bag $208 million, which is $8 million more than last year. Red Bull isn’t far behind, with $184 million coming their way, up from $169 million. Mercedes, the runner-up in the constructors’ championship, will see $179 million, a hefty $23 million increase. McLaren and Williams are also in for a treat, with Williams, in particular, making a notable leap thanks to its storied past. However, not everyone’s on the up. Stake F1 (Sauber) and Alpine have seen their payouts shrink.

### This is how much the F1 teams get paid out
Let’s break it down by the numbers, shall we? Ferrari’s sitting pretty at the top with a cool $208 million for 2024, up from $200 million. Red Bull Racing’s not too shabby either, with their $184 million. Mercedes, McLaren, and the rest follow, each with their own story of gains and losses. It’s a mixed bag, with teams like Haas and Stake F1 feeling the pinch.

In the end, it’s a world where speed meets strategy, not just on the track but in the boardrooms too. And as the engines roar, the cash registers sing, each team vying for a bigger piece of the pie. But remember, in F1, fortunes can change faster than a pit stop. So, who knows what next season will bring?

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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