This post is to answer a question that I get asked a lot, how is motorsport paid for? It maybe a bit of a dry read for some but I hope to throw a bit of light on the merky world of motorsport finances.
You may think that the team attracts sponsors, gets a share of the ticket sales and then pays the drivers. This is not the case (normally).
The simplest way to get paid as a team is to become a factory run or factory backed team. This is where a manufacturer sets up a team, or employs one, to race their cars. Famous examples of a factory team are Ferrari, Audi or Peugeot. A factory backed team would be a team like Oreca. However, even in the high flying world of Formula One this is not the norm.
Ecurie Ecosse car showing off it's sponsors for the Spa 24 hours
This coming year will see the first full season for one of the most anticipated cars of recent years, the Mclaren mp4-12c GT3.
The last time Mclaren built a GT car it produced the astonishing Mclaren F1 which beat all other cars (including the prototypes) at Le Mans first time out. This time around Mclaren are looking at the highly competitve field of GT3.
Mclaren mp4-12c GT3 at the 2011 Total Spa 24 hours
Everyone loves to see famous names in motorsport, from Ferrari, Mclaren, to Lotus and the Mercedes Silver Arrows. Now it appears that Scotland’s famous team is dusting off the overalls and opening shop for the first time in almost 20 years.
Ecurie Ecosse have a fabulous history; double Le Mans winners in 1956 and 1957, C2 class winners of the World Sportscars Championship and Champions of the 1992 British Touring Cars Championship with Tim Harvey in their works Vauxhalls. Continue reading →