Tomorrow Formula 1’s 10 teams will hear the latest on Liberty Media’s plans to overhaul the championship in 2021.

For many, the mooted changes to the sport’s prize money structure will be one of the most important matters on the agenda.

It has been blamed for distorting the competition at the heart of the sport, handing vast bonuses to the biggest teams, increasing the gap between the front of the field and the back.

RaceFans has previously revealed how much prize money each F1 team is due to receive this year, based on Liberty Media’s current projections, and a new prize money structure for 2021 which Liberty Media proposed last year. How would that new structure change how much teams earn based on their latest income projections?

Which team currently gets the biggest share of F1’s prize money?

Formula 1’s prize money distribution is a major cause for concern for many teams. Looking at how the sport’s 2019 income will be shared based on where the teams finished in 2018, it’s not hard to see why.

Among the 10 teams, Ferrari claims by far the largest share, taking more than one-fifth of the pot. F1’s ‘big three’ teams – Ferrari, Mercedes and Red Bull – take more than half of the income between them.

Where teams finish in the championship only has a slight effect on how much money they receive. What really makes the difference is F1’s prize money bonuses.

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How much difference do the bonuses make?

How much prize money each F1 team will receive to can be broken down into three categories:

Column one : An equal share paid to every team which finished in the top 10 in two of the previous three constructors’ championships

: An equal share paid to every team which finished in the top 10 in two of the previous three constructors’ championships Column two : A share based on where each team finished in the previous constructors’ championship

: A share based on where each team finished in the previous constructors’ championship Bonuses: Different bonus payments of different sizes paid to five of the 10 teams

The graph above shows how much of each team’s payments come from columns one and two, which every team can receive, and bonuses, which only some teams are currently entitled to.

The largest bonus payment, known as the Long Standing Team payment, is made to Ferrari alone. In 2019 it is estimated to be worth $73 million – more than several teams’ total payments.

See this earlier article for a detailed breakdown of each team’s bonus payments for 2019:

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How does Liberty want to change the prize money structure?

As RaceFans revealed last year, Liberty Media presented their planned changes to F1’s prize money structure prior to the Bahrain Grand Prix. The graphs above compare the current 2019 prize money distribution and how the same income could be distributed under Liberty’s proposal for 2021.

Although the bonus structure would be largely eradicated, two other extra payments were proposed by Liberty Media last year. Each engine manufacturer would receive a $10 million bonus. Note this would include Honda, which does not have its own team. Ferrari would also receive a $40 million bonus but be required to take it as profit.

Does Liberty Media intend to stick to the changes it revealed last year or does it have further alterations to F1’s prize money structure in mind? The teams will find out tomorrow.

Video: How much prize money will each F1 team receive in 2019?

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2021 F1 season