Ferrari still remain top revenue earners for 2016-17 season

Published 05/08/2017, 1:07 PM EDT

Follow Us

The Formula One Management revealed the revenue turnover for the 2016 Formula One season earlier today. It is estimated to be $1.83 billion, including underlying revenues. 68% of the total is then distributed among all the Formula One teams. Since Manor have folded at the end of last season and Haas F1 have only completed a year in F1, the amount is distributed among the remaining nine teams. Together, the teams earned $940 million this year which is significantly lesser than last year due to new owners Liberty Media’s plans for the sport and also the number of races dropping to 20 from 21.

America’s Favorite Video Today

via Imago

Ferrari earn around $180 million due to being a long-standing team and having championship constructor bonus. Mercedes and Red Bull also enjoy championship constructor bonus and earn around $171 million and $161 million respectively. McLaren are 4th in the list with Williams 5th. However, Williams enjoy a heritage bonus over the other teams. Also, when Red Bull became the first team to sign a bi-lateral agreement, they earned an extra bonus. Mercedes also matches Red Bull’s pay-check after meeting their target of 2 World Championships.

via Imago

If the revenue is distributed equally, then all teams would receive $94 million. It would also mean that Ferrari’s pay-check would be cut by $86 million and customer team Sauber (who occupy the bottom of the table) will earn $45 million extra.

SHARE THIS ARTICLE :

ADVERTISEMENT

Written by:

Dhruv George

14,307Articles

One take at a time

Dhruv George is a senior Formula One and NASCAR analyst for EssentiallySports, having authored nearly 12000 articles spanning different sports like F1, NASCAR, Tennis, NFL, and eSports. He graduated with a PG Diploma in Journalism from the Xavier Institute of Communications. Dhruv has also conducted interviews with F1 driver Pierre Gasly and Moto2 rider Tony Arbolino.
Show More>

ADVERTISEMENT

ADVERTISEMENT

EDITORS' PICK

America’s Favorite Video Today