Ferrari ‘paid $38m more than Mercedes’ in 2014

LONDON: Ferrari received $38 million more in Formula One payments than runaway title-winners Mercedes last year, despite finishing just fourth in the constructors’ championship, a report said.
Autosport.com disclosed usually secret details of the F1 payments which showed Ferrari pocketed $164 million last season, making them the highest paid team.
All-conquering Mercedes, whose driver Lewis Hamilton swept to his second world title ahead of team-mate Nico Rosberg, were only third on the list with $126 million.
Red Bull, who came second in the constructors’ standings, were the second-highest earners on $156 million, with fifth-placed McLaren taking home the fourth largest payment, $98 million.
Williams came third in the championship but ranked only fifth on the money list with $83 million, according to the report posted on Wednesday.
The payments come from a system which distributes among the teams 65 percent of revenues from hosting fees, media rights and trackside sponsorship and hospitality.
Half the underlying revenues are paid according to final positions in the constructors’ championship, but the other 15 percent is split between Ferrari, Red Bull, Mercedes, McLaren and Williams to reward their long-term participation.
The remaining 35 percent goes to F1 shareholders. The system means that Force India received a whopping $38 million less than McLaren, despite finishing just one place behind them in the championship.