The money each F1 team loses by not playing a race

0
6
The money each F1 team loses by not playing a race





© Andy Hone / Motorsport Images
The AlphaTauri garage


AlphaTauri director Franz Tost admits that every Formula 1 race that is not contested results in a million dollar loss.

Like the season of Formula 1 is suspended due to the coronavirus pandemic, teams face a huge loss of revenue due to a drop in commercial royalty money.

Tost you have already commissioned your accounting department to try to find out how much uncontested careers are affecting AlphaTauri, and believes that there is a serious deficit in each event that is not celebrated.

In statements to Motorsport.comTost said: “The contracts are designed in such a way that we lose income proportionally if the races are not disputed, because the agreed amount is reduced.”

“If we don’t contest a grand prize, it will cost us one and a half to two million.”

Tost believes that at the moment everyone can survive the current situation, but believes that things could be much worse if the competition does not return in the summer.

“If we start competing in July, we will come out of the ‘fight’ with a black eye,” he explained. “But if we don’t get it, the situation will become very critical.”

“If there are no grand prizes throughout the year, it will be a very critical matter. If you don’t make any income, it is obviously an economic disaster.”

The teams of F1 are in talks with the FIA and Liberty to reduce the cost limit for the category in 2021. Tost is clear that F1’s financial platform must change to make things more sustainable in the long term.

“We can’t expect everything to stay the same right now,” he said. “It is impossible to continue spending at this level.”

“For example: is it necessary to have as many people in the wind tunnel as we have now?”

He added: “We have to see what races we do, what the income will be and what the sponsors will be.”

“Will the sponsors stay? Will they leave us? What is the whole economic situation like? Only then can we talk about a cost limit.”

It also reads:

The McLaren system banned by the FIA ​​and which captivated in 2010Ayrton Senna wins in rain in F1Pérez expects “all records” to be broken when F1 returns

Gallery: How much did F1 drivers earn in 2019?

Lewis Hamilton, Mercedes AMG F1: € 42 million






© Steve Etherington / LAT Images
Lewis Hamilton, Mercedes AMG F1: € 42 million


Steve Etherington / Motorsport Images

Sebastian Vettel, Ferrari: € 35 million






© Jerry Andre / Sutton Images
Sebastian Vettel, Ferrari: € 35 million

Jerry Andre / Motorsport Images

Daniel Ricciardo, Renault F1 Team: € 20 million






© Jerry Andre / Sutton Images
Daniel Ricciardo, Renault F1 Team

Jerry Andre / Motorsport Images

Max Verstappen, Red Bull Racing: € 12m






© Mark Sutton / Sutton Images
Max Verstappen, Red Bull Racing: € 12m

Mark Sutton / Motorsport Images

Nico Hulkenberg, Renault F1 Team: € 8 million






© Jerry Andre / Sutton Images
Nico Hulkenberg, Renault F1 Team: € 8 million

Jerry Andre / Motorsport Images

Valtteri Bottas, Mercedes AMG F1: 8 million euros






© Zak Mauger / LAT Images
Valtteri Bottas, Mercedes AMG F1

Zak Mauger / Motorsport Images

Kimi Raikkonen, Alfa Romeo Racing: € 6 million






© Zak Mauger / LAT Images
Kimi Raikkonen, Alfa Romeo Racing: € 6 million

Zak Mauger / Motorsport Images

Sergio Perez, Racing Point: € 4 million






© Glenn Dunbar / LAT Images
Sergio Perez, Racing Point

Glenn Dunbar / Motorsport Images

Carlos Sainz, McLaren: 4 million euros






© Andy Hone / LAT Images
Carlos Sainz Jr., McLaren

Andy Hone / Motorsport Images

Charles Leclerc, Ferrari: € 3 million






© Mark Sutton / Sutton Images
Charles Leclerc, Ferrari: € 3 million

Mark Sutton / Motorsport Images

Romain Grosjean, Haas F1: € 2 million






© Andy Hone / LAT Images
Romain Grosjean, Haas F1: € 2 million

Andy Hone / Motorsport Images

Kevin Magnussen, Haas F1: € 2 million






© Zak Mauger / LAT Images
Kevin Magnussen, Haas F1

Zak Mauger / Motorsport Images

Lance Stroll, Racing Point: € 1.5 million






© Glenn Dunbar / LAT Images
Lance Stroll, Racing Point: € 1.5 million

Glenn Dunbar / Motorsport Images

Pierre Gasly, Red Bull Racing: € 1.5 million






© Jerry Andre / Sutton Images
Pierre Gasly, Red Bull Racing: € 1.5 million

Jerry Andre / Motorsport Images

Robert Kubica, Williams Racing: € 1 million






© Jerry Andre / Sutton Images
Robert Kubica, Williams Racing: € 1 million

Jerry Andre / Motorsport Images

Alexander Albon, Toro Rosso: 750,000 euros






© Steven Tee / LAT Images
Alexander Albon, Toro Rosso: 750,000 euros

Steven Tee / Motorsport Images

Daniil Kvyat, Toro Rosso: 750,000 euros



,size2column”:►”load”:”default”,”w”:”62 “, “h”: “42”, “src”: “// img-s-msn-com.akamaized.net/tenant/amp/entityid/AADUBdo.img?h=416&w=624&m=6&q=60&o=f&l=f&x = 409 & y = 139 “}}”/>


© Jerry Andre / Sutton Images
Daniil Kvyat, Toro Rosso: 750,000 euros

Jerry Andre / Motorsport Images

Lando Norris, McLaren: 700,000 euros






© Steven Tee / LAT Images
Lando Norris, McLaren: 700,000 euros

Steven Tee / Motorsport Images

George Russell, Williams Racing: € 500,000






© Zak Mauger / LAT Images
George Russell, Williams Racing: € 500,000

Zak Mauger / Motorsport Images

Antonio Giovinazzi, Alfa Romeo Racing: 500,000 euros






© Zak Mauger / LAT Images
Antonio Giovinazzi, Alfa Romeo Racing: 500,000 euros

Zak Mauger / Motorsport Images

LEAVE A REPLY

Please enter your comment!
Please enter your name here