Did you know that the giant pot of gold built up during the F1 season is divvied up based on championship points? I didn’t. And I really don’t see how it effectively fosters competition.

Formula 1 is dominated by a small, plutocratic, group of teams: Ferrari, McLaren, Mercedes, Red Bull and what is now Lotus. These teams win most, if not all, of the points in every race, and seemingly have a lock on both the constructors as well as the driver’s championship every year. In fact, there are almost two races within every Grand Prix, the race between these five teams for the bulk of the points, and the race between everyone else to see who gets the scraps. It is starting to get boring.

Formula 1 should adopt a more egalitarian system of dividing the loot. All the teams should be given an equal split of the official proceeds, hopefully reducing the difference in performance between the front and back of the field, and giving all 24 cars a shot at contention. Then races will come down more to driver skill, strategy, and engineering on a budget, rather than who can throw the most money at the problem. It will become a competition based on racing and engineering rather than wallet size.

 I am not advocating this out of some misguided sense of unfairness, but as a sports fan that loves competition. There will always be good teams and bad teams, and I am not advocating that all teams must have the same amount of funds. I understand there must be some sort of financial incentive to win, and there will be: the better teams will make more money off sponsorship, and I have no problem with a slightly regressive system of doling out cash. However, for Formula 1 to become more interesting, it must be a real competition between 12 teams, not between five. And the quickest way to bolster the bottom 7 would be to give them a little more of the pot of gold. Formula 1 must become more egalitarian.