What you need to know about the new F1 season
Updated April 10, 2020 09:08:24This year’s F1 is set to be the biggest in history, but who is going to be driving the new cars?
The answer is revealed by a new study from the research firm PwC, which reveals that the F1 drivers are being paid a whopping £16.3 million.
The study shows that, by comparison, a typical commercial driver makes £11.6 million a year in the UK.
And what is the average salary for drivers in the Formula One world?
PwT says drivers make between £18 million and £19 million.
This includes drivers who drive for Ferrari, McLaren and Red Bull, as well as teams like Force India and Mercedes.
But what about those drivers who don’t drive for a commercial team?
PtC says drivers like Sergio Perez, Sebastian Vettel, Kimi Raikkonen, Daniel Ricciardo and Fernando Alonso make just over £5 million a season.
The PwCs study says that in a typical season, a driver who does not race will earn around £16 million.
So, what do the drivers make?
The average driver makes around £15.6m, which is a massive increase on the previous year.
PwCT says that this figure includes all the drivers who compete in races, so there is no way to calculate what a driver makes from his or her race.
So who is earning the most?
P wC says that F1 makes up around one-third of all drivers’ earnings.
This is because the average F1 driver makes about £4.3m a year, which has risen from £3.7m in the previous season.
Another big increase is the increase in the salaries of the top F1 stars.
The average F2 driver made an estimated £4 million last year, up from £2.9m in 2016.
The next highest paid driver is the team’s new driver, Jenson Button, who makes £4m, up three per cent on last year.
The second highest paid is the new driver Fernando Alonso, who earns £4million a year.
P wC’s figures are based on a combination of driver salaries, commercial sponsorship and prize money.
It is difficult to estimate how much F1 has been making.
It is hard to know how much each driver makes because there is a limit on how much drivers can earn from a single event, so the money drivers receive from sponsors is not necessarily the same.
But P w C says that it does include some drivers making very little from their own race.
For example, Lewis Hamilton has earned almost nothing from his own race, but his team is paying him £25,000 a week.
Other big earners are the new Mercedes F1 team, who have earned £50 million in commercial sponsorship, plus an estimated $80 million in prize money for their drivers.
In addition to drivers, F1’s top sponsors include Coca-Cola, Procter & Gamble, Visa, Adidas, Unilever and the Royal Family.
All in all, F w C estimates that F2 and F1 earned over £1.3 billion last year alone.
However, there is more to the story than money.
P w Chas Chappell, P w c director at Pwct, says that the drivers earn more because they have more time to drive, as they have longer drives in the races and are able to focus on racing.
Chas Chupell says that drivers are paid based on the number of laps they complete.
He says that a race can be a six-hour event, and a 20-minute race can take anywhere between two and four hours.
This means that a driver could race for three or four hours on a one-off basis, but could drive for eight or nine hours a week if the team needed to.
F1 is now the most profitable sport in the world, according to Pw C, with an average profit of around £3 billion per year.
This was revealed in P w Cones study, which says that Formula 1 generates an average of around €40 million in revenue a year for teams and commercial partners, with some of that revenue coming from TV deals.
Despite the record-breaking success of F1, the sport is now being criticised for its financial model.
When Pw Chas Cones first looked into the F2 car market in 2012, he found that the average price per car was around £300,000, which was a big increase on previous years.
He also found that teams could easily make more money if they could sell more cars and get more commercial deals.
But as the sport has grown in popularity and popularity has increased, so has the price per vehicle.
P W Cones report says that average price for a F2 is now around £270,000.
What does this mean for drivers? The