Connect with us


Virgin aim 10th-place bonus



Bookmark and Share

Virgin Racing has set their sights on a 10th-placed finish in this year’s Formula One World Championship given the financial rewards on offer.

Formula One’s rules governing prize money are complicated, but only the top 10 in the Constructors’ Championship are given a handout.

Such a position for the newcomers, with fellow new boys Lotus and Hispania also vying for the coveted spot and all so far without a point, could ultimately result in a 25million dollar (£17million) windfall.

When informed of the potential pot on offer, it perked up the ears of team owner Sir Richard Branson who was unaware of just how much money was at stake.

“There’s some money? You never told me that,” Branson said to CEO Graeme Lowdon, who replied: “It does make a difference.”

Lowdon added: “We have a long-term plan for the team, so getting a 10th-placed finish in the championship would be a bonus.

“If we get a point then it really would make a massive difference.”

When told the exact figure, a shocked Branson said: “Bloody hell, well yeah, I would like to get 10th place.

“Whereas I said I wouldn’t mind about 10th place, I’ve suddenly taken a big interest.”

Lowdon responded: “It’s an innovative structure, and if you do well on the track then you get very well rewarded.”

Branson added: “The more times we can get two cars finishing then that would be great, and if we can get a point or two, then even better.”

Finishing above Lotus is certainly still one of Branson’s main aims given the personal bet he has with its owner in AirAsia boss Tony Fernandes.

Whoever finishes lower in the Championship has to wear a stewardess uniform on one of the other’s flights.

“I need to make the rules clear so we don’t have too big a dispute,” joked Branson.

He added: “One year ago we only got our licence, so this racing company was a piece of paper back then.

“But being a year old, most people assume the new teams have been around longer than 12 months, but we literally then only had the licence.

“We then had to scramble to find the people and build the car, and I think the team has since done well.”

Bookmark and Share

Latest Results

Latest F1 News

2018 F16 hours ago

Hamilton and Vettel Battling For The F1 Title

115SharesThe British Grand Prix at Silverstone is one that Lewis Hamilton and Mercedes have dominated for years and that trend...

2018 F14 days ago

Can Red Bull Challenge Mercedes And Ferrari?

24SharesSo, things didn’t exactly go to plan for Lewis Hamilton and Mercedes at Silverstone as the Brit made a disastrous...

2018 F14 days ago

Liberty working on securing future of British GP – Brawn

5SharesRoss Brawn says Liberty Media is working on securing the future of the British grand prix. Silverstone owner the BRDC...

2018 F14 days ago

Grosjean form ‘unacceptable’ – Haas F1

1ShareGunther Steiner says a “critical moment” could come amid his patience with struggling Haas driver Romain Grosjean. Frenchman Grosjean has...

2018 F14 days ago

No ‘negotiations’ with Raikkonen yet – McLaren

36Shares Zak Brown says McLaren has not yet opened contract talks with former team driver Kimi Raikkonen. It is rumoured in...

2018 F14 days ago

Wolff wants Hamilton beyond 2020

659SharesToto Wolff has revealed he wants to keep Lewis Hamilton at Mercedes even beyond 2020. Although not yet announced, it...

2018 F15 days ago

Renault engine power deficit a bigger problem – Verstappen

5SharesMax Verstappen says Red Bull’s title chances have taken a dive. Although the Dutchman won in Austria, he says at...

2018 F16 days ago

Ricciardo admits 2019 Red Bull contract ‘likely’

1ShareDaniel Ricciardo now says it is “likely” he will stay at Red Bull in 2019. Earlier, the Red Bull driver...

2018 F16 days ago

Alonso no fan of proposed expand points system

44SharesFernando Alonso says he is not sure changing the points system is a good move for F1. Over the British...

2018 F16 days ago

Renault felt like F2 engine – Verstappen

105SharesMax Verstappen says he feels as though he has been relegated to Formula 2. In the Honda era, Fernando Alonso...

Most Popular is not affiliated with Formula 1, Formula One Management, Formula One Administration, Formula One Licensing BV, Formula One World Championship Ltd or any other organization or entity associated with the official Formula One governing organizations or their shareholders. Copyrighted material used under Fair Use/Fair Comment.

We could use the following leading F1 news sources for stories: SkyF1, BBC F1, Autosport, ESPN F1, FIA Media Center, MotorSport, JamesAllen and others leading authors blog.

All Rights Reserved © 2017 Prime Sport Media