Quote:
Originally Posted by Armco Bender
$100,000 back then would hav been double what they were paying the top drivers.
Was also interesting before Bernie stepped in the tracks were making a fortune from the racing.Each race was a separate event,the track paid the teams to turn up,the track had TV rights for only for their race.
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The First Concorde Agreement on January 19, 1981, paved the way for Bernie to sign a three-year deal with the European Broadcasting Union (EBU) in 1982, which ensured consistent coverage in F1’s biggest markets in Europe.
If drivers were being paid $50,000, the value of that in today's money would be $136,688.30 and that is adjusted for inflation. That doesn't seem like a lot. Under that agreement, 47% of the revenue from the TV rights was split between the teams, 30% went to the FIA and 23% went to the Formula One Promoters Association, which became FOM, ie mainly to Bernie.
I got the conversion from,
https://www.dollartimes.com/inflatio...0000&year=1980