As a new team in Formula 1, Haas F1 has a lot to do and achieve and to be perfectly honest, they are doing well so far. Having made their season debut in Australia on Friday, they are looking good to score point sin their first season.
Normally scoring points equates to serious dollars if the team can secure 10th place or better in the Constructor’s Championship but should Haas F1 do that in 2016, they will not be getting any of the F1 prize money regardless.
According to a story at Forbes, the team have no commercial contract with Formula One Management and will not get any portion of the prize money as they are new to the sport according to FOM boss Bernie Ecclestone:
“There’s no money in the first year,” Mr Ecclestone told Forbes over lunch in London yesterday. “It’s not the end of the world for Haas. When they come into Formula One they know. They asked to come in. Nobody asked them.”
Perhaps it’s one of the few teams who have entered F1 that could survive without any portion of the prize money. Even so, missing out on any potential prize money they may earn in their first year is a kick in the shin but perhaps the team knew that was the deal when they entered the sport.
Hat Tip: Forbes