Despite 2020 F1 Season Flop, Ferrari Give Their Employees a Reason to Smile

Published 02/08/2021, 5:33 AM EST
ABU DHABI, UNITED ARAB EMIRATES – NOVEMBER 28: Charles Leclerc of Monaco and Ferrari is pushed back into the garage during day two of F1 End of Season Testing at Yas Marina Circuit on November 28, 2018 in Abu Dhabi, United Arab Emirates. (Photo by James Bearne/Getty Images)


Ferrari had a terrible season last year, they took home 6th in the constructors with 131 points. This was their worst year in Formula One in four decades. The morale at the factory was down and something needed to be done to bring the team back on its path to success.

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The team had a lackluster season but didn’t stop the Scuderia to reward its loyal members to a reward. A wonderful gesture from the red Italian team to thank them for the efforts they put out throughout the season.

BUDAPEST, HUNGARY – AUGUST 04: Charles Leclerc of Ferrari and France during the F1 Grand Prix of Hungary at Hungaroring on August 04, 2019 in Budapest, Hungary. (Photo by Peter J Fox/Getty Images)

Ferrari lends a hand

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The reports come from an Italian media (as reported by Racing News 365) outlet that stated the team paid an estimate of 7,500 euros to each of its factory employees.

SPA, BELGIUM – SEPTEMBER 01: Charles Leclerc of Monaco and Ferrari and Ferrari Team Principal Mattia Binotto walk to the Formula 3 grid for a minutes silence in tribute to the late Formula 2 driver Anthoine Hubert before the F1 Grand Prix of Belgium at Circuit de Spa-Francorchamps on September 01, 2019 in Spa, Belgium. (Photo by Charles Coates/Getty Images)

Due to the Covid-19 pandemic, the World had come to still, confided in the walls of our homes. This was the case for employees of the red team on the grid, Ferrari did the most it could to pay its loyal members from its own pockets, so they could make as few claims as possible from the insurance.

According to some reports, the team makes a whopping 200 million euros in the sport from the fact of their historical presence on the grid. In the 2019 Formula One season, they had an estimated figure of 426 million of revenue. This makes one of the highest-paid teams in the sport.

A better tomorrow

With a new driver coming in the form of Carlos Sainz from Mclaren to pair up with Charles Leclerc. Ferrari would hope to have a better season from what they did around the track in 2020.

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SPA, BELGIUM – AUGUST 31: Charles Leclerc of Ferrari and France during qualifying for the F1 Grand Prix of Belgium at Circuit de Spa-Francorchamps on August 31, 2019 in Spa, Belgium. (Photo by Peter J Fox/Getty Images)

The lights go out in Bahrain on the 28th of March and we get to see that red car zipping around the track in the middle of the desert. Ferrari will have to drive like never before to show that they are still one of the best on that grid.

However, if the team faces problems with its engine again, maybe they should have saved its bonus and should have invested in engine development.

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Arpit Gomes

491 articles

Arpit Gomes is an F1 author at EssentiallySports. Currently pursuing his Journalism degree from Xavier’s Institute, he is a big fan of McLaren and their driver Lando Norris and Daniel Ricciardo. Arpit always looks forward to the paddock moving to Spa and drivers dealing with the exciting Eau Rouge corner as well the straight at Monza.

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