Posted September 06, 2018 07:33:56 The biggest risk for the sport of professional motorsport in 2018 is that it’s the big hitters who will be the ones getting the biggest financial headaches as the sport’s governing body, the FIA, tries to re-establish itself as a governing body with a greater focus on the grassroots.
Formula 1’s most recent financial report showed that the average team made a loss of $1.3 million, but the average payout to the drivers was a paltry $200,000.
In 2018, the average driver’s salary was $7.2 million, according to Formula One Insider.
The average payout for drivers in the 2018 season was $1,622,917.
That’s $6,000 more than last year’s record-breaking $1 billion payday.
Even with a relatively smaller average payout, Formula 1 has been hit hard by the financial crisis, with a record-low prize money of $734 million and a record $6 billion deficit of $15 million.
Formula One is not without its financial problems, with the sport losing $15.7 million on the 2017 calendar year, the first year in which no race has gone to a replay, and a huge $25.4 million in 2018.
The financial situation is a stark contrast to how things were a few years ago, when the sport was booming, the TV deals were all around the table and the sport could attract a large international fan base with a healthy TV deal.
Now, it’s a lot harder to get sponsors, especially as sponsors are reluctant to invest in Formula 1 when the league has been losing money for a number of years.
“If you look at the top-flight teams, there’s a very small fraction of the money they make that they get back,” said Ian Walker, chief financial officer at F1 Finance.
“The rest is spent on the driver’s wage and expenses.
With the new season of the World Endurance Championship set to start on September 1, 2018, there will be many changes at the bottom of the grid. “
This year, for example, we’re seeing a lot of the big-name players, who have huge TV deals, make very small profits, but they still get a huge chunk of the profit.”
With the new season of the World Endurance Championship set to start on September 1, 2018, there will be many changes at the bottom of the grid.
It will be interesting to see how many drivers have been dropped from the grid in 2018, and how the salary numbers will change, Walker said.
“It will be a big surprise if we’re not seeing more drivers dropped out of the championship.
They will definitely get the biggest pay increase, but I’m not sure how many.”