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F1 teams shared $658m in 2010

Australian GP 2011
Formula One's 12 teams saw an increase of over 21% in prize money in 2010 from the previous year. The figures revealed in the accounts of Formula One Administration Ltd (FOA) show that the twelve F1 teams shared $658 million in prize money in 2010. Meanwhile overall turnover for FOA Ltd was also up by $19m on the previous year to $1082 million. These increases are largely due to the result of the addition of Korea and Canada to the F1 calendar, which helped to offset other economic factors.
Image ©Andrew Hone

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