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And you are assuming in your scenario that the money will be shared fairly (no ones going to get 40 mil for sitting at the back of the grid),and that Ferrari will only spend 40 million (?).
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The great advantage of a team run organisation where each team has an equal vote is that the money will be shared out fairly. Nobody can dictate as consensus is required. In this type of set-up, the majority of funding will be divided equally between teams as any other proposal is unlikely to get a majority vote.