The story behind F1's financial structure

The story behind F1's financial structure

How did Formula 1 reach a state of such financial imbalance between its teams? DIETER RENCKEN details the story, and breaks down the latest FOM payment figures

The essence of sport is equality - equality of chance, equality of opportunity, equality of eligibility, equality of regulation and equal competition. Remove equality from the equation, and the entire spirit of sport is destroyed - namely going further, higher, faster than the rest under equal conditions

There will, of course, always be differences, but sporting regulations exist to ensure that equality exists, and it cannot be coincidental that deleting "e" from "equality" leaves "quality" - and those are the two essential ingredients every global sport should embrace. Remove equality from competition, and it is reduced to handicap racing.

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