We use cookies to improve your game experience and to analyse our traffic. We also share information about your use of our site with our social media, advertising and analytics partners. Details OK

Formula 1 Financial System

Official MyRacingCareer.com Magazine

Formula 1 Financial System

English 22.03.2014 11:56:10
I would like to explain you some key features of the Formula 1 financial system. It will be very important for the future and for your current planning. Read carefully in the article!
First of all, some time before start of first F1 season we will pick the managers not involved in F1 team directly. We will have a comitee which will take care of all potential problems with the F1 system. I might be in this comitee if I decide not to participate in F1 as driver. For every problem there will be 3 F1 team managers randomly selected to participate on the solution.

What if my team goes to negative financial balance?
The comitee will be here to solve the case. Team manager and owners will be asked to propose how they want to fix the issue. There is maximum of 77 days allowed in negative balance then the team is bancrupt and we will create auction to find new owners for new team. The comitee have right to make team bancrupt earlier if they think the team will not get out of the trouble ever.

What is team image?
Team image is a value which describes how popular is the team in the world of MRC. But not among other managers and drivers. This is not affected by the team results, altough influcence of driver charisma and rating is obvious. All teams starts with team image 0, which will be slightly increased by your commercial department and the marketing campaigns. The maximum team image for all teams together is 15000 points.

How to create good marketing campaign to improve team image?
The result of the campaign depends on how good employees you have, facilities quality, the daily budget used and of course what campaigns are made by other teams. Obviously one person cannot be in real love wth 15 Formula 1 teams. So for example if all teams use 1M daily budget for campaign, the result would be almost the same as if all teams use 1000 daily budget. I would recommend you to start slowly and see what other teams do. Don`t waste money, they are too important.

When we will get sponsors for our team?
You got the start budget for the team expenses and that are the money you should use before first racing season. Sponsors pay the money to you to show their logo on the car during the races. You will be able to sign the sponsor contract for next season any time during the current season (except this season when this possibility would come little later).

How the sponsor contracts would look like?
Basically there will be signing bonus and weekly fee payed by the sponsor to your team during the season. Signing fee would be around 25-30% of the whole contract value, weekly payments will come on monday during first 10 weeks of the season. There will be 3 season sponsors available for team and 3 small short sponsor contracts for few weeks too.

What would affect the value of sponsor offers?
Important things are team rating (based on results and this is most important), team image (based on marketing) and team popularity (based on fans team have). Then also attributes of your drivers would be important too.

How the negotiations with the season sponsors will go?
One day after you change your commercial department task to seach sponsors, they will find 3 season sponsors for next season. There is no daily budget for searching sponsors. You will have 3 choices.
- accept the offer which would mean you would get the signing bonus immediatelly and the weekly fee will start comming during after start of the season.
- negotiate with sponsor which means your commercial department will work on this sponsor offer for another day which could lead into better offer but if you repeat this too long it can also lead to worse result.
- reject the offer and next day you will get offer from other company.

How about negotioations with small short term sponsors?
You will have only two choices. You can accept the spnsor and get the money or wait another day for new sponsors.

When is the right time to sign contract?
Remember that team rating is important thing. If you feel that your team rating is high, and might drop in next few days, you should try to sign sponsors as soon as possible. On the other side you should wait to sign drivers for next season, because their attributes might improve the offers too. Current drivers are not coounted for next season sponsors! Maybe it would be good to see first how are the sponsor offers changing in time, and then accept sponsors.

That is it for today, next time development questions...

Quote of the day: "Using double budget does not bring double result!"
Article is also available in these languages:
Čeština Deutsch English Français Magyar Italiano Polski Português Română Русский Српски Українська
Add comment!
22.03.2014 13:22:36 - United States ArkAngel - Reply
Where does the voting points come into the account
22.03.2014 14:42:00 - Slovakia DebiK - Reply
Voting points will be changed for finences... Teams would collect the voting points and the best team would get maximum amount of money while the worst team would get much less... Maximum amount of such collected money would be probalby 2M...
22.03.2014 15:04:45 - Shami - Reply
I am curious regarding the committee. What kind of pool the managers whom can be part in committee are picked? Staff members of some kind from every country whom arent part of F1? Just some managers you consider worthy? And how big of a pool are we considering where the committee is randomly picked? 10 managers? 25? 50?
22.03.2014 18:42:25 - Lee1950 - Reply
Where will F1 Teams be able to see their "Team Image"? Currently I can't find it.

22.03.2014 19:24:36 - Lee1950 - Reply
Reply to: 22.03.2014 18:42:25 - Lee1950
Ah - I found it!

"Popularity" on the F1 page.

::my stupid eyesight::
25.03.2014 12:52:06 - Mal1234 - Reply
There are no team secrets everyone can see what each team is doing and spending will this be changed in the future.
Add comment!

MyRacingCareer News

English 16.01.2023 16:48:35
English 03.01.2023 11:22:30
English 30.12.2022 11:30:14
English 01.12.2022 10:14:14
English 01.11.2022 11:13:37
English 23.10.2022 19:54:44
English 01.10.2022 23:30:31
English 02.09.2022 12:44:46
English 23.08.2022 18:38:06
English 08.08.2022 11:12:19
English 02.08.2022 12:15:01
English 01.07.2022 11:35:31
English 01.06.2022 14:11:11
English 22.05.2022 17:18:56
English 02.05.2022 12:58:23
English 26.04.2022 12:43:16
English 01.04.2022 10:58:52
English 04.03.2022 10:34:38
English 26.02.2022 20:15:10
English 02.02.2022 22:27:55
English 05.01.2022 11:47:24
English 01.01.2022 18:19:45
English 23.12.2021 13:28:38
English 19.12.2021 14:14:57
English 04.12.2021 21:17:26
English 02.11.2021 12:17:36
English 03.10.2021 22:43:35
English 21.09.2021 20:02:11
English 03.09.2021 20:06:50
English 02.08.2021 13:34:06
English 18.07.2021 13:14:20
English 03.07.2021 20:04:11
English 01.06.2021 12:23:18
English 01.05.2021 18:53:24
English 03.04.2021 10:48:41
English 31.03.2021 09:48:19
English 02.03.2021 09:43:55
English 22.02.2021 10:14:52
English 14.02.2021 13:19:31
English 01.02.2021 21:44:57
Older articles

Introducing the Next Gen Car!

English 17.01.2023 - Hello everyone! You may not know it but I'm a big Nasc Gold Cup fan! To celebrate the arrival of the Next Gen Cars, here's a couple of paint schemes: Chevy Number 1 (many thanks to DaleD for the request) https://... Number 2: https://i.imgu... Number 23: https://i.img... you enjoy them! Show full release

Ferrari says "Thanks" to Vasco Guerra

English 11.01.2023 - Season 49 will be the last one with Vasco Guerra in Ferrari and the team wants to celebrate the career of his super-fast driver. Vasco Gerra numbers in Formula 1 (till now) are tremendous: 1 Drivers World Championship 31 Pole positions (8th driver all-times!!!) 24 wins (11th driver all-time) 59 podiums (15th driver all-time) 1655 points (15th driver all-time) If we exclude drivers of the first age of MRC, like as axample Italian dinosaurs, there is no doubt that results achi... Show full release

Off-season MRC private series

English 25.12.2022 - Do you think that the MRC off-season can be a bit boring? Then i got the answer for you! I've made two private series, designed to replicate two real-life "off season" series. The toyota racing series is a racing series ta king place in New Zeeland taking place (in real life) in January and February, when most racing series have winter break. Many F1 drivers have previously raced there. In MRC, I've tried to replicate it as close as I can; the calendar is the same, the points syste... Show full release

Ford needs a Driver for Next Season!

English 01.12.2022 - As per the title, Ford F1 needs a driver to take our second seat next season, and beyond is a distinct possibility. Next season will be an 'interesting' season as a lot of teams are being forced to tank due to the new engine and gearbox both having to be built this season. Ford is in this boat. I have no idea what the season will look like or how other teams will manage the build and their cars. As such if you feel your driver is a season too young or a season too old for F1, in this case you... Show full release

Porsche Racing: Coins for Voting Points

English 04.11.2022 - Another year has come and gone, and now it’s time to reward our fans for their support. Here is the list of all voting points donations we received for season 48: DickDastardly .... coins) torbar4life ... coins) TheBrick ...... coins) ArtisMAKANS ... coins) Mazinho ....... coins) marceloloeb ... coins) HåkanFerm .... 18.498 * - Porsche Racing shareholder In addition to that we will also reward daniel00cro with 16 coins for his 2.400.000 € donation and hami39 with 17 coins for h... Show full release

The end of Miller's career.

English 17.10.2022 - Hi, friends! Today I discovered that I have been taking part in this game for more than eight years. This is a very long time. During this time, I managed to get married, get divorced, get married again and finally become the father of a wonderful baby at the beginning of this autumn. As for the game, I think I had a very good career, after all, two championships in F1 with different pilots, this is a pretty good achievement. But I realized for myself that I no longer have the same motivation... Show full release

The couple Kubica-Guerra takes the 50th victory in Formula 1!!!

English 22.09.2022 - Statistics are made of numbers, and some numbers are so impressive that can become symbols, especially if they are related to wins in Formula 1. In current Formula 1 is not easy to win GPs due to high competitive level of opponents (we live in a top 5-6 teams age) and variable related to race strategies and random in qualify. For what mentioned above, the target reached yesterday by the couple of two Ferrari's drivers must be mentioned. With the last win in French GP Vasco Guerra reach... Show full release

Super License

English 12.09.2022 - Can anyone grant me 50 coins so I can get super License to do more races I hate that I can only do 2 a day and I have no private cars to race Show full release

Random Series Recap #1 - S48 W3 - F4 British Series

English 05.09.2022 - Introduction As one of the lowest rated racing series, [URL=https://www.myr... Formula 4 focuses in theory on developing young talents from United Kingdom, Ireland and nearby islands. To prove their value, they have to however compete with tough and very experienced drivers like 48-year old [URL=https://www.myr... Barber, or a guest from Iceland and last winner of the series, 31-year old [URL=https://www.myr... Mar Asgeirsson. Every season this series visits 10 British tracks, including legen... Show full release

Porsche Racing: Coins for Voting Points

English 17.08.2022 - Another year has come and gone, and now it’s time to reward our fans for their support. Here is the list of all voting points donations we received for season 47: Thisken .......... coins) gripy ......... coins) DickDastardl... coins) EugeneBellam... coins) LionKing13 .... (5 coins) HåkanFerm ... 16.085 * - Porsche Racing shareholder In addition to that we will also reward daniel00cro with 20 coins for his 2.748.582 € donation. We will continue to reward coins for your don... Show full release
RUNTIME 0.020s - DB 0.004s - PHP 0.016s