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This ended the long history of the team which had competed as Ligier from 1976 to 1996 and as Prost Grand Prix from the following year. The Prost team was placed into receivership in November 2001, and was liquidated by the receivers in January 2002.† All engines were 3.0 litre, V10 configuration. Juan Pablo Montoya finished the season ranked third for Williams.
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For the 2003 championship, the FIA would change the points system. Schumacher and Barrichello helped Scuderia Ferrari Marlboro secure the Constructors' Championship with a points total that equalled the combined sum of points attained by all other constructors collectively. Schumacher took the Drivers' Championship by a then-record 67-point margin over teammate Rubens Barrichello, beating his own previous record for the 2001 season (58 points over David Coulthard) and also gained a new point total record with 144 points, again beating his own previous record of 123 points from the 2001 season. He would also set the record for shortest time in which the World Drivers' Championship had been clinched, securing the title with a win at the French Grand Prix, with 6 races to go in the season. He won a then-record 11 Grands Prix, surpassing the previous record of 9 wins, jointly held by himself (1995, 20) and Nigel Mansell (1992). In the Drivers' Championship, Michael Schumacher finished first or second in every race except for the Malaysian Grand Prix, where he finished third, thus achieving a podium position in every race.
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It began on 3 March and ended on 13 October after seventeen races. The 2002 FIA Formula One World Championship was the 56th season of FIA Formula One motor racing. Sauber has rebranded as Alfa Romeo for the 2019 season.The finish of the 2002 Austrian Grand Prix Racing Point classification from round 13 onwards, but total payments based on Racing Point being an existing team, not a new entry. This is despite the team being admitted to the championship last year as a new entrant, which prompted claims that it should not qualify for column one revenue as it has not fulfilled the requirement to finish in the top 10 twice in the previous three championships. Worth $73 million this year, the LST payment has ensured Ferrari has consistently received the most money of any team since the current prize money structure was introduced in 2013.Īccording to a schedule seen by RaceFans, Liberty Media will award a column one payment to Racing Point. On top of that five teams receive further payments – a ‘constructors’ championship bonus’ is paid to four teams three other teams receive bonus payments ranging from $10 million (Williams) to $35 million (Mercedes and Red Bull) and a special Long-Standing Team payment is made to Ferrari alone. ‘Column two’ is paid on a sliding scale based on a team’s finishing position in the previous championship. ‘Column one’ is a fixed share of revenue paid to any team which has finished in the top 10 of the championship in two of the past three seasons. The income teams receive from the sport’s commercial rights holder is broken down into three parts. However it received just $10 million more than Williams, which ended 2018 last in the standings. Haas has seen its prize money income rise by the most of any team after achieving its best result of fifth in last year’s championship. The sport’s commercial rights holder expects to share a prize pot of $1.004bn between the teams. Mercedes, who won the constructors’ championship for the fifth year in a row last season, will receive $177 million. Liberty Media’s prize money projections for 2019, which are awarded based on how teams performed in last year’s championship, will see Ferrari recover $205 million.