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[Rad-oh-yeah?]

Revealed: The winners and losers under Liberty’s 2021 F1 prize money plan
2018 F1 season
11th April 2018, 10:21
Dieter Rencken / Keith Collantine


Ferrari and Mercedes will receive a much smaller share of F1’s prize money from 2021 under new plans for how the near-$1 billion fund will be shared out.

Formula One Management’s commercial rights holder Liberty Media presented its proposed changes to teams in Bahrain. RaceFans has learned from sources how it intends to cut top teams’ payments and hand more money to F1’s smaller outfits such as Williams and Force India.

Ferrari’s unique Long Standing Team payment, which by itself is worth more than some teams’ entire prize revenues, will be scrapped. The payment, worth $68 million last year, will be replaced by a $40 million payment which must be taken as company profits, RaceFans understands.

The Constructors’ Championship Bonuses and other special payments to teams will not continue under Liberty’s plan. Instead the prize fund will be more closely linked to where each team finishes in the constructors’ championship.

The fund will continue to be split equally into two columns, the first of which will be shared equally between the teams, as before. The second will distribute payments based on their constructors’ championship finishing positions. While the payment to the first-placed team will fall from 19% to 14%, the last-placed team will continue to receive 6%, and the incremental gaps between them are evenly spaced.

Comparison: How F1 prize money will be shared under the 2021 arrangement

Based on the details of Liberty Media’s F1 prize money plan for 2021, RaceFans has modelled how much money each team could receive under the new structure.

For ease of comparison we have used the 2017 constructors’ championship finishing positions for each team and assumed a total prize fund of $1 billion. All figures are $m.

Teams’ prize money: Current structure

		2017 c’ship	Column 1	Column 2	LST	CCB	Other	Total
Ferrari		2nd		35.5		56.7		68	35		195.2
Mercedes	1st		35.5		67.4			39	35	176.8
Red Bull	3rd		35.5		46.1			39	35	155.5
McLaren		9th		35.5		17.7			30		83.2
Williams	5th		35.5		35.5				10	80.9
Force India	4th		35.5		39.0					74.4
Toro Rosso	7th		35.5		24.8					60.3
Renault		6th		35.5		31.9					67.4
Sauber		10th		35.5		14.2					49.6
Haas		8th		35.5		21.3					56.7
Total											1000

Teams’ prize money: 2021 proposal

		2017 c’ship	Column 1	Column 2	Total
Mercedes	1st		50		70		120
Ferrari		2nd		50		65.5		115.5
Red Bull	3rd		50		61		111
Force India	4th		50		56.5		106.5
Williams	5th		50		52		102
Renault		6th		50		48		98
Toro Rosso	7th		50		43.5		93.5
Haas		8th		50		39		89
McLaren		9th		50		34.5		84.5
Sauber		10th		50		30		80
Total								1000

The new prize money structure will result in a flatter distribution of income across the teams. It will also mean the amount of money they receive more closely reflects their ranking in the constructors’ championship.

Ferrari and Mercedes stand to lose the most. While Red Bull will also see a substantial reduction in their payment, its owners will recoup some of this through the increased payment to its sister outfit Toro Rosso.

NB. Under the 2021 prize money structure Ferrari would receive an additional $40m which must be written to group profits. Each engine manufacturer would also receive an additional $10m. These are not reflected in the tables above.

Edited by Rad-oh-yeah?, 11 April 2018 - 16:29.

[alpiner]

F1 TV gets a launch date

Formula 1’s most anticipated streaming service, the F1 TV will go live by the Spanish Grand Prix. The service will go through a small beta test round during the current Chinese grand prix and the upcoming Azerbaijan Grand Prix.

The new service is Liberty Media’s first step in making the sport available throughout the world via a digital platform. It is also expected to increase the commercial revenue of the sport over time.

The new over the top (OTT) subscription video platform is being produced in partnership with NBC Playmaker, iStreamPlanet, CSG, Ostmodern and Tata Teleservices.

There are two levels of access available in the new service. The premium tier, F1 TV Pro will give users access to all 20 driver-cameras and additional feeds. Users also have the option of customising the views and can decide how and when they want to watch the races. The service covers press conferences and pre- and post-race interviews, all the practice sessions, qualifying and races. There are plans to add Formula 2 Championship, GP3 Series and Porsche Supercup later in the season.

The initial launch will be for the desktop site which will be followed by apps for Apple, Android and Amazon Fire mobile and tablet devices. Access via Amazon Fire TV, Android TV and Apple TV are expected to be covered by summer.

Apart from the F1 TV Pro there will an inexpensive non-live subscription tier called F1 TV Access which will provide live race timing data and radio broadcasts along with extended highlights of each session. Users also get access to a massive historic archive owned by the F1. The service will be available in almost all countries.

NBC Sports’ Playmaker Media and iStreamPlanet will be the system integrators and video streaming partners. CSG will handle identity management, payment processing and business analysis. The web and app design and development will be done by Ostmodern.

Tata Communications will take care of the CDN and connectivity services for both the services.

The new services are expected to bring the fans closer to F1 racing, no matter where they are located. Developing apps for the smartphone will help F1 improve its market penetration among the younger crowd.

https://grandpx.news...-a-launch-date/

Edited by alpiner, 13 April 2018 - 19:45.

[Rad-oh-yeah?]

Ferrari chairman and CEO Sergio Marchionne has repeated the team’s threat to quit Formula One despite Liberty Media offering the manufacturer concessions in its proposal for how the sport will be run from 2021.

RaceFans revealed earlier this week Ferrari stands to lose its unique Long Standing Team payment, worth $68 million last year, under the proposed restructuring of how F1 distributes its prize money. It will be replaced by a $40 million payment which Ferrari must write down to group profits.

No other team will receive a similar payment. Engine manufacturers, of which Ferrari is one, will each receive an additional $10 million payment under the plan.

“If there are any proposals that distort F1, I think Ferrari will pull out… we are working with Liberty Media to find acceptable solutions,” said Marchionne according to Agence France-Presse.

“We had a proposal from Liberty 10 days ago, we expect to know the details and then we will make choices in the interest of Ferrari,” he added. “We could look for alternative solutions, it’s not a threat, but it does not mean we stop shopping.” Marchionne said the team had “limited interest” in Formula E.

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The technical changes to the sport proposed by Liberty include removing the MGU-H from power units to simplify them and reduce costs.

Speaking in the FIA press conference in Shanghai yesterday Ferrari team principal Maurizio Arrivabene referred questions on Liberty’s proposal for 2021 to Marchionne. However on the question of whether the $150 million budget cap proposed by Liberty would be acceptable he said “we are discussing and we will see in the future if it’s achievable or not.”

 

Skotovima nezajazljivim bi bilo dosta jedino da FOM pristane da im pokrije kompletan budzet. Ma nek' se pakuju vise, toliko puta su pretili da ce da napuste F1 da im vise niko ziv ne veruje!

[Rad-oh-yeah?]

The Formula 1 Strategy Group and the Formula 1 Commission met at the FIA headquarters in Paris today to discuss the future engine regulations for F1.

The decision was taken to increase the fuel allowance for each race from 105 to 110 kg, so that the engines can be run at full power at all time. Other matters that were discussed was to have rules to separate the weight of the car from that of the driver. Drivers will also be required to wear biometric gloves in order to help the medical rescue teams.

There will be further discussions about aerodynamics with the goal being to reach some conclusions by the end of the month once research programmes are completed. The decision will be based on whether or not it is felt that aeroydnamic changes are needed to facilitate overtaking.

The Strategy Group was presented with the FIA's proposals for the 2021 power unit regulations, which the federation wants to have 1.6-litre V6 turbo hybrid engines (similar to the existing units) but without the MGU-H exhaust energy recovery systems.

[alberto.ascari]

Skotovima nezajazljivim bi bilo dosta jedino da FOM pristane da im pokrije kompletan budzet. Ma nek' se pakuju vise, toliko puta su pretili da ce da napuste F1 da im vise niko ziv ne veruje!

Radoje, ne zaJebaJi.

Ni ti ne bi voleo da Ferdža ode. To bi bio F1 life before and after Ferrari.

Kao da gledaš Bundesligu bez Bayerna a umesto njega imaš Dynamo Dresden.

[Rad-oh-yeah?]

Radoje, ne zaJebaJi.

Ni ti ne bi voleo da Ferdža ode. To bi bio F1 life before and after Ferrari.

Kao da gledaš Bundesligu bez Bayerna a umesto njega imaš Dynamo Dresden.

jbg, pa gasilo se mnogo tradicionalnih timova, F1 ih je sve preživela.

 

Odluci se jel' frka da se gase timovi ili nije.

 

Naravno da bih voleo da Ferari ostane u F1 ali oni prvo moraju da razumeju da nisu veci i vazniji od F1. Ako je cena njihovog ostanka gubitak 2, 3, 5 drugih timova onda je bolje da ode jedan Ferari. Nije problem sto se timovi u F1 menjaju (bio nekad Kuper, Lotus, Tirel, Lizje, Matra...) nego sto u ovakvoj klimi nema vise ko ce da ih zameni.

 

Ja se pre svega uzdam u predjasnje iskustvo da Ferari preti praznom puskom, i u cinjenicu da oni prosto nemaju gde drugde da odu ako napuste F1.

 

Jasno je i tebi da su finansije u F1 otisle u kurac, i da je sema po kojoj se deli profit (nasledjena od Pantelije) sustinski problematicna. To je trenutno najvece goruce pitanje u F1 a ne zvuk motora ili halo. Ferari je pod Bernijem bio zestoko povlasten i oni zele tu prednost da sacuvaju po svaku cenu pa makar svi ostali pocrkali, i kao takvi su danas najveca brana vracanju F1 na zdrave noge.

 

Idealno bi bilo da se urazume, ali ako ne zele to onda hvala lepo i dovidjenja.

[alberto.ascari]

Nije što sam navijač, ali niko od ovih spomenutih nije ikona kao Ferrari.

Toliko ja, howgh!

[Rad-oh-yeah?]

Pa nista onda, da pogasimo sve ostale timove pa nek Ferari sam sebi radi fellatio i osvaja sampionske titule bez ikakvog smisla i znacaja...

[alberto.ascari]

Pa nista onda, da pogasimo sve ostale timove pa nek Ferari sam sebi radi fellatio i osvaja sampionske titule bez ikakvog smisla i znacaja...

 

 

Easy, moja konstatacija nema nikakvu implikaciju. Pogotovo ne u tom smislu kako si napisao.

[Rad-oh-yeah?]

OK izvini, nisam imao nameru da ispadne kao da si ti to rekao, ali to ce biti prirodna posledica ako se ne uradi reforma finansiranja timova. Proslo je 25 godina otkad smo zadnji put imali pun grid od 26 bolida, trenutno smo na minimumu prihvatljivog sa 20, nekoliko timova su na ivici gasenja a ne vidim da se novi guraju u redu da udju u F1 (osim ovog naseg lujke Stefanovica, no i sam znas koliko je to ozbiljna prica). Kao jedina opcija za popunu broja bolida onda ostaje ukrupnjavanje postojecih timova, dok na kraju umesto F1 ne dobijemo DTM sa dva megatima od po 7-8 bolida svaki i sacicom satelita-privatnika oko njih. A onda jednom od proizvodjaca dosadi da se igra pa se povuce...

[Rad-oh-yeah?]

A few weeks ago the Formula One group announced that it is working with Netflix to create a 10-episode documentary series, which will be released in 2019. This will aim to tell the behind-the-scenes story of how Liberty Media gets on as it tries to reposition Formula 1 from being a motorsport company into becoming a "media and entertainment brand". The show claims that it will focus on "the intense fight for the heart, soul, and direction for the future of this multibillion-dollar business." That sounds rather sensationalist, but there is no doubt that there is currently a fair amount of action going on in boardrooms, as well as on the track as the sport discusses new engine rules, new commercial arrangements, and a budget cap of $150 million for 2012. Netflix says that its crews will be granted "unparalleled and exclusive access" to the paddock, teams, drivers, and other key players including Formula One's management. It is an interesting idea.

The series will be produced for Netflix by a London-based independent film company called Box to Box Films, which was founded in 2016 by Paul Martin and James Gay Rees. The last-named was one of the producers responsible for the acclaimed Senna (2011) and the Academy Award-winning Amy, the story of singer Amy Winehouse (2015). He has also been involved in similar sports documentaries about soccer players Maradona and Ronaldo and about the Palio horse race in Siena, Italy.

The series will be overseen by Sophie Todd. Her past credits include Mutiny (2015) recreating the voyage led by Captain William Bligh following the famous mutiny on the Bounty, and various other documentary projects such as Britain's Secret Seas and Wild About Your Garden.

Netflix hopes that the soap opera of Formula 1 will attract a lot of viewers, as it continues its fight for subscribers with rival Amazon, which boasts The Grand Tour, a successful big budget car series, presented by the former presenters of BBC's Top Gear. This is now filming its third season. Amazon last year made a documentary series called "Grand Prix Driver" which focussed on McLaren's difficult pre-season in 2017.

Netflix is soon to debut a show about drag racing, called Fastest Car.

Netflix currently boasts 125 million subscribers around the world, primarily in the United States. The company began producing its own original content in 2011 and enjoyed success with House of Cards. It is aiming to be making half of its programmes by next year and is investing an impressive $8 billion this year to create new content.

Amazon Prime membership has now reached 100 million. This service is rather grander that simple content streaming as it is primarily an online shopping service selling a huge number of products in addition to its video streaming.

 

[alberto.ascari]

OK izvini, nisam imao nameru da ispadne kao da si ti to rekao, ali to ce biti prirodna posledica ako se ne uradi reforma finansiranja timova. Proslo je 25 godina otkad smo zadnji put imali pun grid od 26 bolida, trenutno smo na minimumu prihvatljivog sa 20, nekoliko timova su na ivici gasenja a ne vidim da se novi guraju u redu da udju u F1 (osim ovog naseg lujke Stefanovica, no i sam znas koliko je to ozbiljna prica). Kao jedina opcija za popunu broja bolida onda ostaje ukrupnjavanje postojecih timova, dok na kraju umesto F1 ne dobijemo DTM sa dva megatima od po 7-8 bolida svaki i sacicom satelita-privatnika oko njih. A onda jednom od proizvodjaca dosadi da se igra pa se povuce...

Ma jasno, sve ok.

[romantik]

Sa zakasnjenjem od 3 trke konacno krece i F1 fantazi na oficijalnom sajtu. Po mojoj oceni, a igram dosta istih (ovo ce mi biti sedmi za ovu sezonu), nije bas najbolje zamisljen, ali nije ni najgori. Na skali od 1 do 10 moze neka mrsava 6. Bira se 5 vozaca i 1 konstruktor a boduju se kvalifikacije i trka.

 

Najveca mana je sto nosi jako veliki minus ako izabrani vozac ne zavrsi trku (a covek je vec kaznjen time sto ne bi imao bodove od tog vozaca) a sto cesto moze biti pitanje srece, tj da se taj vozac u pogresno vreme nadje na pogresnom mestu, a ne nekog kvara ili vozacke greske. Druga velika mana je sto nema promena cena tokom sezone niti mogucnosti zarade dodatnog novca i treca sto je moguca smao jedna izmena po kolu, a posto sistem bodovanja tera da se ima skup konstruktor znaci da je samo jednom u sezoni moguce zameniti konstruktora ako u startu ne izaberete Mercedes.

 

Dobra strana sto ce biti nagrada, za sad se najavljuju ulaznice za trke ali sigurno ce biti jos nekih, a ja se iskreno nadam da ce pobednik dobiti i padok pass za neku trku.

[4_Webber]

Radoje, ne zaJebaJi.

Ni ti ne bi voleo da Ferdža ode. To bi bio F1 life before and after Ferrari.

Kao da gledaš Bundesligu bez Bayerna a umesto njega imaš Dynamo Dresden.

Ja bas ne bih voleo da Ferari ode. Ali, cak i ako se to desi, F1 ce preziveti. Medjutim, ne verujem da ce se to desiti. Svi misle da je Markione taj koji odlucuje o svemu, ali nije. On je glavni operativac FIAT-a, ali nema nikakvog udela u vlasnistvu. O jednoj takvoj krupnoj odluci ce presuditi unuk pokojnog Anjelija, koji je vlasnik kompanije i predsednik upravnog odbora, Markione je izvrsni direktor. Zbog svega sto je uradio za kompaniju FIAT 2000ih nema sumnje da je njegov uticaj iako nije vlasnik ogroman, ali ne moze on da kaze Ferari odlazi. Uostalom, tu je i Pjero Ferari, cije se bogatstvo udesetostrucilo otkad je Ferari izasao na berzu. Encov sin da se slozi da Ferari napusta F1? Nema sanse.

[Rad-oh-yeah?]

F1 teams could lose ‘mission control’ rooms in new plan to improve races
2021 F1 season
20th April 2018, 15:25
Dieter Rencken / Keith Collantine

‘Mission control’-style virtual garages used by F1 teams could be scrapped in 2021 under plans to cut costs and make racing less predictable.

RaceFans understands new restrictions are being considered which would prevent teams having large numbers of engineers working remotely on their cars from their factories during race weekends.

Virtual garages, also called ‘operations centres’ by some teams, have become increasingly popular because of the staffing restrictions teams face at tracks during race weekends. The number of staff they can have working on their cars is limited and a curfew is enforced on their working hours.

F1’s commercial rights holder Liberty Media believes the virtual garages makes staffing restrictions at race weekends pointless. It wants to get rid of them to reduce teams’ costs, improve the quality of racing and increase the importance of drivers over engineers.

Among the purposes of the virtual garages is to allow teams to study their race strategy options in great detail in real-time during races. This allows them to quickly decide between different tactical options and respond immediately to changes in the race, such as the deployment of the Safety Car.

Liberty Media presented its proposals for wide-ranging changes to Formula One in Bahrain last week including a redistribution of prize money and changes to the sport’s governance plus sporting and technical regulations.