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F1 Constructors Championship Prize Money 2023: How Much Do Formula 1 Teams Earn by Competing for Liberty Media

Anirban Aly Mandal
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F1 Constructors Championship Prize Money 2023: How Much Do Formula 1 Teams Earn by Competing for Liberty Media

Formula 1 is as much a cutthroat business as it is about motor racing. This is because the 10 teams that compete annually for all the racing glory also get paid according to how they finish in the Constructors’ Championship at the end of every season.

The economics of F1 depend on the total prize pool based on a calculation of the total revenue generated by the sport net of all the other expenses. In 2023, the total prize pool for the 10 teams is expected to be around $2.5 Billion dollars.

However, the quantum each team gets is calculated via two disbursement columns. Column 1 is roughly 23.7% of the prize pool divided equally between the 10 teams. Column 2 is the staggered prize money allocation based on the Constructors’ Championship position. Here is the F1 Constructors Championship Prize Money 2023 table:

TeamsColumn 1Column 2
Red Bull$99.9 Million$140 Million
Mercedes$99.9 Million$131 Million
Ferrari$99.9 Million$122 Million
McLaren$99.9 Million$113 Million
Aston Martin$99.9 Million$104 Million
Alpine$99.9 Million$95 Million
Williams$99.9 Million$87 Million
AlphaTauri$99.9 Million$78 Million
Alfa Romeo$99.9 Million$69 Million
Haas$99.9 Million$60 Million

Naturally, during the Abu Dhabi GP, the drivers were fighting for every inch on the tarmac as a last-ditch elevation in the championship standings could mean millions of dollars in payout as the chequered flag came down at the end of the 58 racing laps.

Red Bull top the Column 2 F1 Constructors Prize Money 2023 table

Despite Charles Leclerc‘s best efforts, Mercedes clinched P2 in the Constructors’ championship as the season came to an end in Abu Dhabi. This meant that the Silver Arrows bagged a whopping $9,000,000 more than their rivals from Maranello.

In 2023, the total payout to the teams based on their Constructors’ championship standings was a whopping $999 million. The highest earners of the season were Red Bull with them securing P1 in the standings. 10th placed Haas on the other hand received a $60,000,000 payout, which was $80 million less compared to the Milton Keynes outfit.

With the 50-50 model, each team was anyway guaranteed about $100 million in terms of the payment agreement for their share in the revenue of the sport. Despite this ‘equality‘ one team earned a bigger slice of the pie than anyone else.

Ferrari retain the edge over their rivals with ‘Historical Bonus’ clause in their agreement

Ferrari are guaranteed a bigger slice of the Formula 1 pie due to the agreement they’ve signed with the Formula 1 group. Because the team have been a part of the championship from its very inception, the Italian outfit earn a historical bonus embedded into the Concorde Agreement.

According to reports, the additional payout that Ferrari receives is anywhere near 2.5% to 5% of the total payout. That being said, this extra income that the Prancing Horse receive because of their loyalty and heritage in the sport shouldn’t dismay the other 9 teams.

It’s a well known fact that sponsorship is king in the modern age of this sport. And the teams earn a hefty chunk of their income from their sponsor deals.

Post Edited By:Vidit Dhawan

About the author

Anirban Aly Mandal

Anirban Aly Mandal

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Anirban Aly Mandal is an F1 writer at The SportsRush, with over 1000 articles under his belt, Anirban's love for F1 started when he discovered a copy of F1 2014 on his computer. With over half a decade's worth of time spent religiously following the sport, he’s dived deep into the world of motorsports. However, Anirban's expertise goes beyond just writing - he has also written several academic papers focused on the domain of motorsports and the law. His passion for the sport is so immense that he aspires to work as a legal advisor in the most prestigious racing series in the world someday. When it comes to Formula 1, Anirban finds great pleasure in re-watching classic races and idolizes the likes of Ayrton Senna, Nigel Mansell, and Sebastian Vettel. His top picks include Brazil '91, Silverstone '92, and Germany '19. Outside of the sport, Anirban is an avid sim racer, often found racing on titles like Assetto Corsa, F1 22, and Automobilista. Apart from his interests in gaming, Anirban has a keen interest in philosophy, literature and music.

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