Brawn: Ferrari understands need for payment changes

  • 08 Mar 2019 15:14
  • comments 6
  • By: Fergal Walsh

Formula 1's managing director Ross Brawn says that Ferrari understands the sport's need to change the way money is distributed between teams.

Currently, Ferrari receives the highest amount of capital throughout the year, which includes a Long-Standing Payment (LST) of $73 million, as part of the Concorde Agreement that was implemented by former owners Bernie Ecclestone and CVC. 

Ferrari is the only team that receives the LST, while it is also provided with a series of other payments that are exclusive to a select number of outfits. 

But as F1 looks to make the field more competitive in the coming years, part of its plan is to alter the methods of providing money to the teams at the end of the year, as well as enforcing a budget cap for all competing teams.

"There is too much disparity between the top two or three teams and the rest of the grid," Brawn told The Guardian. "You have a group of teams that could finish last and still earn more than the team that has won the world championship.

"We have to recognise the importance and history of Ferrari and the unique place it has in the sport but we also have to find a balance between that recognition and an equitable position for the rest.

"We know that the ones that have got it all want to keep it and the ones that haven’t got it want more. It’s finding a fair balance in how we distribute the revenue. We know that if we have a more equitable distribution of revenue we will have a better F1.

"You are never going to attract new teams when you have such unfair distribution. Ferrari recognise that. They will fight tooth and nail for the best they can [get] but logic will have a fair part in trying to find a solution."

Replies (6)

Login to reply
  • Of course they will do their best to get a better deal. After all, for companies any balancing in money distribution is good as long as they get to retain their old earnings or get better earnings. But I think it's sound that a change is on the way. I also wonder if Alfa Romeo might be able to get some of the historic team money now, seeing as Alfa Romeo as a brand has a really long history in F1.

    • + 0
    • Mar 8 2019 - 16:06
  • mcbhargav

    Posts: 889

    F1 needs resurgence of either Renault or Mclaren before they could threaten Ferrari's position.

    • + 0
    • Mar 8 2019 - 17:35
    • Pistonhead

      Posts: 56

      Yes, I agree, though a boost of top line revenue would help that cause too !

      • + 0
      • Mar 8 2019 - 18:22
  • Pistonhead

    Posts: 56

    Calle I agree - it brought it home to me when I went to see the Mille Miglia, we went to Milan to see the cars and sat in a beautiful plaza next to an old Alfa car - it was a fantastic GP racer and until that point I hadn't realised quite how famous a brand AR is. It's an odd mix, trying to respect the past and yet stumbling in negotiations with the likes of Silverstone and other, 'founding' tracks. Income redistribution is definitely one of the biggest things wrong in F1, Liberty have to fix it, not fudge it.

    • + 0
    • Mar 8 2019 - 18:21
  • RogerF1

    Posts: 368

    Pity Ross Brawn doesn’t run F1 in its entirety, he’s the only one who talks any sense.

    • + 0
    • Mar 8 2019 - 21:27
    • It's good though that he is one of the top execs at Liberty. With his history in the sport and with Ferrari in particular I think he has a good shot at working a deal that is good for both the team and the sport.

      • + 0
      • Mar 9 2019 - 00:09



AU Grand Prix of Australia

Local time 

View more photos

AU Grand Prix of Australia

Local time 

View more photos


Test calendar

Circuit de Catalunya - Winter testing

Circuit de Catalunya - Winter testing

See full test schedule

Give your opinion!

Do you think Claire Williams should step down at Williams?


World Championship standings 2019

Show full world champion standings

Team profile

Show full profile

Formula 1 Calendar - 2019

Date
Grand Prix
Circuit
-
Spain
-
Spain
15 - Mar 17
Australia
29 - Mar 31
Bahrain
12 - Apr 14
China
26 - Apr 28
Azerbaijan
10 - May 12
Spain
24 - May 26
Monaco
7 - Jun 9
Canada
21 - Jun 23
France
28 - Jun 30
Austria
12 - Jul 14
United Kingdom
26 - Jul 28
Germany
2 - Aug 4
Hungary
30 - Sep 1
Belgium
6 - Sep 8
Italy
20 - Sep 22
Singapore
27 - Sep 29
Russian
11 - Oct 13
Japan
25 - Oct 27
Mexico
1 - Nov 3
United States of America
15 - Nov 17
Brazil
29 - Dec 1
United Arab Emirates
See full schedule

Formula 1 Calendar - 2019

Date
Grand Prix & Circuit
15 - Mar 17
Australia Albert Park
29 - Mar 31
12 - Apr 14
26 - Apr 28
Azerbaijan Baku City Circuit
10 - May 12
24 - May 26
Monaco Monte Carlo
7 - Jun 9
21 - Jun 23
France Paul Ricard
28 - Jun 30
Austria Red Bull Ring
12 - Jul 14
United Kingdom Silverstone
26 - Jul 28
Germany Hockenheimring
2 - Aug 4
Hungary Hungaroring
30 - Sep 1
6 - Sep 8
Italy Monza
20 - Sep 22
27 - Sep 29
Russian Sochi Autodrom
11 - Oct 13
25 - Oct 27
1 - Nov 3
United States of America Circuit of the Americas
15 - Nov 17
Brazil Interlagos
29 - Dec 1
United Arab Emirates Yas Marina Circuit
See full schedule
show sidebar