Warning: mysqli_query(): (HY000/1030): Got error 28 from storage engine in /home/sportsun/public_html/wp-includes/wp-db.php on line 1942
Even though the English Premier League raked in record profits of about $5 billion for the 2013/14 campaign, the increase in prize money handed out lags behind that of Formula 1 racing. Over the past seven years statistics show that F1 prize money has increased more than that of the Premier League. However, several racing teams have also collapsed over that period of time due to their high-octane financial budgets even though they’ve earned more prize money.
This isn’t to say the actual cash value paid out to F1 teams is more, because it isn’t. For instance, Chelsea received about $100 million this season. But the rate of increase definitely outweighs the world’s richest soccer league. Back in 2007 the total F1 prize money was $342, but by 2013 it had increased to a total of $797.5 million. That represents a jump of 133.2 per cent. It’s gone up again since then, but the last year the financial data is available for is currently 2013.
The biggest increases in F1 prize money came between 2007 and 2008 when it jumped from $342 million to $521 million and from 2009 to 2010 when it rose from $544 million to $659.1 million. Over in the Premier League, the prize money in 2007 was $1.6 billion. But by the time 2013 rolled around it had increased to $2.6 billion, which is just 60.3 per cent and less than half of the F1 increase of 133.2 per cent.
Ultimately, this means the Premier League is recording record profits, but the individual clubs are seeing less of them. Even though F1 is raking in less profits it’s sharing the money more evenly with its racing teams. The Premier League revenue was $1.9 billion in 2007 and it rose by 71.4 per cent to $3.2 billion in 2013. F1 profits were $1.2 billion in 2007 and jumped to $1.7 billion in 2013 for an increase of 46.4 per cent.
Even the struggling Premier League teams manage to survive though and the poor ones typically end up being relegated down to the Championship League. The F1 teams aren’t so lucky though. If they can’t afford to pay their bills they often go belly up.
TweetLeave a Reply


- Best Live Score Sites – NFL, MLB, NBA, NHL, CFL, Golf, Tennis and Soccer
- How Not To Rob A Sportsbook
- NASCAR Betting Free Picks: Daytona 500
- Winter Olympics Betting: Total Medal Count
- Handicapping the ‘new’ Arena Football League
- Tips On Betting The Superbowl: Part 2 of 2
- Tips On Betting The Superbowl: Part 1 of 2
- NFL football betting: Handicapping the wild card round
- College football betting: handicapping the ‘late’ bowl games
- Handicapping final week NFL betting
Warning: mysqli_query(): (HY000/1030): Got error 28 from storage engine in /home/sportsun/public_html/wp-includes/wp-db.php on line 1942

- September 13th, 2016
Tiger Woods returning to competitive golf - September 12th, 2016
Formula 1 sold for $4.4 billion - August 29th, 2016
Russian hockey player Damir Ryspayev handed lifetime ban - August 29th, 2016
Russia booted out of 2016 Paralympics - August 15th, 2016
Swimmer Michael Phelps could be greatest Olympian of all time - August 9th, 2016
Golfer Jim Furyk makes PGA history with score of 58 - August 1st, 2016
American golfer Jimmy Walker takes the PGA Championship - July 25th, 2016
Patriots’ quarterback Tom Brady finally accepts four-game suspension - July 19th, 2016
Henrik Stenson wins 2016 British Open in record fashion - July 19th, 2016
2016 ESPY Award Winners announced
Warning: mysqli_query(): (HY000/1030): Got error 28 from storage engine in /home/sportsun/public_html/wp-includes/wp-db.php on line 1942