Like Other Sports, F1 Should Make Prize Money Public

Lewis Hamilton & Mercedes - F1 should make public the sport's winning prize money
F1 should make its winning prize money official, like other sports series and the Indianapolis 500! 

We know Roger Federer’s prize money from his Grand Slam wins. We also know of Real Madrid’s earnings from their exploits across various football championships. It’s a norm for most sports series to reveal winning prize money, so why not for Formula 1? We would love to know (officially!) what Mercedes and Lewis Hamilton earn from Formula 1 for raising the performance bar to newer levels every fortnight. Or you could also read the last line as what Mercedes-Hamilton get paid to bore us! Either way, should this be one more change the sport makes for 2021?

Also in this week’s episode of the Inside Line F1 Podcast, we react to the rumour that Formula 1 cars could be powered by 50% electric power come 2025 – if so, by what year would Formula 1 become Formula E? The supposed $175 million budget cap for each team – how many teams can actually spend that much? We thank Ferrari for handing Karun Chandhok his best career moment in Formula 1. And finally, we relish at the prospect of Max Verstappen racing in the 24 Hours of Le Mans in an Aston Martin hypercar come 2021 or whenever! Tune in!

(Season 2019, Episode 24)

Here’s what’s in store for you in this episode:

0:00-3:00: Max Verstappen could race Aston Martin’s hypercar in the 2021 24 Hours of Le Mans. Verstappen’s inspiration for Le Mans? Nico Hulkenberg! (Read: Leclerc Has Outperformed Verstappen)

3:00-6:00: From 2021, Formula 1 teams could collectively spend $2 billion every season to try and entertain us. That’s the leaked $175 million per team x 10 teams (Read: Business of Motorsport)

6:00-9:00: Formula 1 should making teams’ winning prize money public – we’d love to know what Mercedes-Hamilton make for boring us all season after season (Read: Hamilton: F1’s Best Show Man Ever)

9:00-12:00: What year could Formula 1 become Formula E? Mithila picks 2030. What’s your pick?

12:00-15:00: Ferrari handed Karun Chandhok his best career moment in Formula 1 yet! Btw, did Sergey Sirotkin just replace Fernando Alonso as Mclaren’s reserve driver for 2019? (Read: What Year Will Alonso Be Back In F1?)

15:00-end: Moments in Time with Lucien

Kunal Shah is an FIA-accredited Formula 1 journalist who has been reporting on Formula 1 for nearly two decades. He worked with the Force India Formula 1 Team for 6 seasons in Marketing, Sponsorship and Commercial roles. As a former single-seater racer, he was responsible for Force India's grassroots talent program, One from a Billion Hunt. Presently, he co-writes a regular Formula 1 column for Firstpost, speaks on Inside Line F1 Podcast & Pits to Podium and produces broadcast/OTT content for NENT Group (Viasport & Viaplay).

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