Bumper prize fund for For­mula 3 Euro en­tries

Motor Sport News - - Racing News -

The For­mula 3 Euro­pean Cham­pi­onship has in­creased its end-of-year prize fund to €500,000 (£425,948), with €100,000 (£85,190) al­lo­cated to help its ti­tle-win­ner move into “an­other FIA cham­pi­onship”.

In ad­di­tion to the €200,000 (£170,379) rookie prize fund in­tro­duced last year, the se­ries has an­nounced that a fur­ther €200,000 will trickle down to se­ries teams “ac­cord­ing to a per­for­mance dis­tri­bu­tion scale”.

The cham­pion gets €100,000 to­wards their fol­low­ing season, but it can only be spent on an­other FIA se­ries.

A Euro­pean F3 spokesper­son told MN’S sis­ter pub­li­ca­tion

Mo­tor­sport.com that at present that prize could not be taken to­wards a GP2 or GP3 bud­get as nei­ther was an FIA se­ries – though a re­brand­ing of GP2 as FIA For­mula 2 is be­lieved to be on the cards.

FIA sin­gle-seater com­mis­sion pres­i­dent Ste­fano Domeni­cali hopes the prize fund re­vamp will help young driv­ers progress on merit. “The gen­eral econ­omy makes it nec­es­sary for us to con­tinue to work on the value of the cham­pi­onship,” he said.

Euro­pean F3’s rookie prize fund – €100,000 for the top new­comer and €50,000 each for sec­ond and third place – was only payable if driv­ers stayed in the se­ries.

Prospects will have a big prize pot

Newspapers in English

Newspapers from UK

© PressReader. All rights reserved.