The money is equal. It is equal in the sense that a restructuring of the finance took place between 97 and 98, which was far more equitable than it was before. And I completely support even making it more equitable in the future but the issue, the real issue, is not so much how we share the 23 per cent but increasing, which is the revenue share that we have of Grand Prix racing at the moment, but increasing that revenue share so there is more to go around.
If I understand correctly, the teams are awarded a total of 23% of the revenues, to be shared among them in the following manner:
I think there is probably a significant misconception about the fundamental mathematics of the Concorde Agreement which perhaps will not paint the larger teams in such a bad light. I doubt whether anybody actually knows what the distribution is, how it's distributed. But to give you a round figure, just round figures, the team who wins the World Championship - so not any specific nominated team, the team that wins the World Championship in the preceding year - versus the team that is the last in the World Championship of the preceding year, receives double the amount of money. And the money is not huge, in round figures $22 million to $11 million. You might not feel that that is particularly equitable but maybe you all will be quite surprised that the spread, and it's relatively equalised out in increments from the tenth team to the first team, I don't think that is aggressively disproportionate.
So, with the team that finished 1st in the WCC getting around $22M, and the 10th team getting around $11M, and knowing that the money is spread in roughly equal increments between each WCC position, we can try to calculate how much each team gets. Or at least how much they got last year, if these figures are correct and are referring to the 2002 season.
[b]Pos $(M) Team[/b] 1. 21.9 Ferrari 2. 20.7 Williams 3. 19.5 McLaren 4. 18.3 Renault 5. 17.1 Sauber 6. 15.9 Jordan 7. 14.7 Jaguar 8. 13.5 BAR 9. 12.3 Minardi 10. 11.1 Toyota
Ron's words go to some way in confirming what Eddie Jordan said after the 2002 Japanese GP, when Sato scored two points to raise Jordan from eighth to sixth in the WCC:
Indeed, the table above shows the difference between sixth and eighth being some $2.4M.
Asked whether the two points were worth a couple of million dollars, he replied: "At least."
The sum of the money shared among teams was therefore some $165M. If that is indeed 23% of the total TV revenues, we can calculate that those revenues were about $717M.
I thought the money would have been more than that. I wonder how much it was before the recession started, say in 2000?