Ferrari is the most famous team of the Formula 1 races and also the one with the biggest budget. However, details of it are now known. Thus, the brand spent 382 million in R & D in 2016, 93 in paying its workers and 66 in operating expenses.
The statements indicate that Ferrari generated $ 514.1 million of “sponsorship, commercial and brand” revenue in 2016. This “includes the net proceeds earned by our Formula 1 racing team, through sponsorship agreements and our participation in the commercial income of the Formula 1 World Championship, and the net income generated through the Ferrari brand, including merchandising or license revenues “.
As informed Recently ESPN, Ferrari, McLaren and Red Bull Racing share a fund of guaranteed annual prizes of at least $ 100 million, in addition to the performance-based payments that are open to all other teams. This is because they are teams of Constructors’ Championship Bonuses (CCB): the first three are based on the races won in the four seasons prior to 2012.
This structure considers that “the first one occupied 37% of the CCB Fund (with a minimum payment of 37 million dollars), the second team received 33% of the CCB Fund (a minimum of 33 million dollars) and the third team received 30% of the CCB Fund (a minimum of 30 million dollars). “As Ferrari ranks third in the ranking, it competes with 30 million guaranteed.”
In addition, the Italian brand receives 62.2 million annually for being the oldest F1 team that has been competing since 1950.
This guarantees Ferrari at least 92.2 million per year with performance-based payments leading to approximately 190 million in 2016. Conversely, Mercedes was paid 53 million less although it won the championship. At the other end of the spectrum, the Manor F1 team only won a cash prize of 52 million and went bankrupt.