Quote:
Originally Posted by stealthn
Wait, what? So he’s paying to drive the car?
That’s stupid
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Quote:
Franco Colapinto's backers are paying Williams $4.5 million - or $500,000 per race - so the Argentinean rookie can immediately replace Logan Sargeant.
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Reports suggest that Colapinto's funding is coming from the Argentine automobile club, and sponsors Mercado Libre, Globant, Quilmes, YPF and others.
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The sponsors pay for everything in F1.
the cars, the salaries, the TV, everything.
Paid drivers have been a big part of F1 for as long
as I can remember.
Paid meaning they have sponsors who will pay money
to sponsor a team if their driver gets hired.
If it weren't for paid drivers, Haas, williams, and Sauber
would not have survived.
many F1 drivers would have never gotten the chance
to race in F1, if it weren't for the promise of them
bringing in sponsorship money.
I don't like it either, but $$$ makes everything work.
PS
lots of people would be surprised to find out that
a lot of our US Olympic athletes are being paid with
tax money to train and compete.
Free room and board (apartment and meal allowance)
plus expense allowance (salary).
For top athletes, it can easily run into six figures per year.
That doesn't include the $$$ for winning, or the huge potential
sponsorship money for commercials or spokespersons etc.
if they become famous.
So much for amateurs.
Hong Kong was the biggest surprise to me:
They pay Olympic medal bonuses of
$768,000 for gold
$384,000 for Silver
$192,000 for bronze