Autosport.com has revealed the payment amounts that F1 will send to each of the 10 teams during 2017.
According to Autosport.com, FOM’s 2017 turnover is estimated at $1.83bn with underlying revenues estimated at $1.38bn, of which 68 percent ($940m - 3.5 percent down from last year’s figures) is distributed to the teams.
Autosport.com adds that the payments are distributed through nine monthly payments from April with a final “check” payment in March 2018 once the definitive revenues have been calculated. Autosport.com also notes that the payments each team receives are based off of the team’s performance, past success and other agreements.
Here are the projected payments from F1 to the teams for 2017:
LAT ImagesSteven Tee
Haas: $19 million
Since the Haas F1 team is new to the sport, there are a lot of monetary awards it has yet to qualify for.
LAT ImagesGlenn Dunbar
Sauber: $49 million
The Sauber F1 team, which has been struggling financially, is projected to receive 10 percent less revenue from F1 in 2017 than 2016 after finishing 10th in the 2016 constructor standings.
LAT ImagesZak Mauger
Renault: $52 million
Renault is expected to take the biggest hit in revenue from F1 from 2016 to 2017, with the team projected to receive 19 percent less than what it did in 2016.
Toro Rosso: $59 million
After finishing seventh in the 2016 constructor standings, Toro Rosso’s payment from F1 is projected to increase three percent in 2017.
Force India: $72 million
Force India had a strong year in 2016, finishing fourth in the constructor standings. The team’s projected payment from F1 is expected to increase seven percent from 2016.
LAT ImagesGlenn Dunbar
Williams: $79 million
Williams receives a $10 million heritage payment from its long history with F1, but it still sees a projected nine percent loss in revenue from F1 after finishing fifth in the 2016 constructor standings.
McLaren: $97 million
Despite its struggles, McLaren still finished sixth in the 2016 constructor standings and collects a $30 million Constructors’ championship bonus. The team’s payment is projected to increase by 18 percent over 2016 - the biggest increase for any of the teams.
Red Bull: $161 million
Red Bull Racing finished second in the 2016 constructor standings and received a $39 million Constructors’ championship bonus and $35 million for being the first team to sign the bi-lateral agreement. Its projected payment from F1 is 12 percent higher than last year.
Mercedes: $171 million
Mercedes won the 2016 constructors’ championship which nested it a couple of multi-million dollar bonuses.
Ferrari: $180 million
Despite finishing third in the 2016 constructors’ championship, Ferrari still receives a greater payment from F1 thanks to a projected $68 million long-standing team award. However, the Italian team still sees its projected revenue from F1 drop 9 percent from 2016.