Formula 1 supremo Bernie Ecclestone is considering a push to rip up the sport’s prize money structure to stop bigger teams getting guaranteed bonus payments. As part of bilateral agreements that run until 2020, Ecclestone has previously agreed for successful outfits like Ferrari, Red Bull, McLaren and Mercedes to walk away with huge extra payments because of their historical contribution to the sport. It is widely understood that Ferrari gets more than $90 million simply for turning up, which is more than many other teams could achieve even by finishing high up in the constructors’ championship. These bonus payments have been a bone of contention for smaller outfits, and formed the...
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