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25 Sep 2016, 11:24 (Ref:3674895) | #1 | |
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Join Date: Aug 2016
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Do GP3 Drivers Pay?
I always assumed to drive in GP3 you'd have to pay a team about €750,000 but after reading this I'm not so sure. "From there he was found to be topping the timesheets in GP3 on day two of the test, which after his success in FR2.0 was enough for Arden general manager Julian Rouse to give Aitken a shot in front of the Grand Prix audience for the 2016 season.
Can anyone clear this up? |
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25 Sep 2016, 11:38 (Ref:3674898) | #2 | |
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Join Date: Sep 2016
Posts: 9
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"Few get in purely on talent" is the answer.
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25 Sep 2016, 13:11 (Ref:3674944) | #3 | |
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Join Date: Dec 2009
Posts: 3,291
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750k euros is about right. Your quote was typical PR bs translated from "he said he the money and the cheque has now cleared"
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25 Sep 2016, 13:39 (Ref:3674960) | #4 | |
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Join Date: Nov 2014
Posts: 609
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Generally speaking the drivers are paying the cost of the season through either family money, or sponsors obtained by themselves and their management team. Unless they are subsidized by an F1 team (Daniil Kvyat) or something like the RSF (Jake Dennis).
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25 Sep 2016, 15:22 (Ref:3675032) | #5 | |
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Join Date: Dec 2009
Posts: 3,291
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Almost right except Red Bull drivers aren't subsidised by the F1 team.
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25 Sep 2016, 15:40 (Ref:3675057) | #6 | ||
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Join Date: May 2001
Posts: 6,635
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It's a great shame. If GP3 is almost funded by drivers themselves or their sponsors, what remains for higher series? Demise of motorsport is visible, when few series can cope themselves with team finances by the teams themselves...
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25 Sep 2016, 17:37 (Ref:3675096) | #7 | |
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25 Sep 2016, 18:39 (Ref:3675104) | #8 | |
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Join Date: Dec 2009
Posts: 3,291
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No problem, as I understand it...
Red Bull were sponsoring drivers decades before they had an F1 team. In more recent years some drivers got some funding but from Red Bull in Fuschl, not from the F1 teams. In even more recent times, many drivers (though not all) got bagger all monetary backing but had the association with the F1 teams and could also introduce sponsors to the F1 teams to pay their way in their junior racing, and this also gave Red Bull a contractual hold on them, hence you will see ex-Red Bull drivers wearing Red Bull helmets years after they were "dropped." Driving with Red Bull branding but paying all the bills yourself may seem silly but you still get the association, coaching and time on the (non-F1) sim and the expectation that you will get a shot if you do well, though the latter backfired for Lynn when he won GP3 but didn't get much, hence he took his Dad's money to Williams in F1 and DAMS in GP2. They also now have Red Bull "athletes" who can use the branding. The idea is that the branding impresses other potential sponsors and Red Bull get free PR for a few cases of drinks, like Andrew Jordan in BTCC, or many other sports. Red Bull really have done incredibly well with it as what they actually spend for the overall PR they get is low. Last edited by peebee2; 25 Sep 2016 at 18:50. |
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27 Sep 2016, 15:23 (Ref:3675523) | #9 | |
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Join Date: Nov 2014
Posts: 609
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So there are drivers giving Red Bull free advertising? Heh, that's worse than even Mitchell Evans' assessment.
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3 Oct 2016, 20:14 (Ref:3677082) | #10 | |
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Join Date: Apr 2014
Posts: 61
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Higher tiers of the formula ladder (GP2, F3.5) work in the same way. It's been like this for years already.
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