F1 doesn't need magic formats, just equality
In a week when qualifying formats and teams' varied FOM income have dominated the headlines, DIETER RENCKEN argues a fairer revenue split would instantly solve most on-track problems - and proposes how
Two stories hogged Formula 1's headlines last week: A (temporary) resolution to the farcical qualifying debacle, and Autosport's disclosure of the projected payments to teams - based on F1's 2015 receipts and paid out by commercial rights holder Formula One Management in nine tranches during '16 followed by a 'balance' (or check) payment in February '17.
This 10-way division is crucial, as it explains the difference between projected payments, actual payments and reported payments during a given financial year because amounts could vary due to bad debts, unexpected income (for example, assume an India or Korea settles any arrears to FOM from previous years) and/or other provisions.
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