Brawn: Ferrari understands need for payment changes

Formula 1's managing director Ross Brawn says that Ferrari understands the sport's need to change the way money is distributed between teams.

Currently, Ferrari receives the highest amount of capital throughout the year, which includes a Long-Standing Payment (LST) of $73 million, as part of the Concorde Agreement that was implemented by former owners Bernie Ecclestone and CVC. 

Ferrari is the only team that receives the LST, while it is also provided with a series of other payments that are exclusive to a select number of outfits. 

But as F1 looks to make the field more competitive in the coming years, part of its plan is to alter the methods of providing money to the teams at the end of the year, as well as enforcing a budget cap for all competing teams.

"There is too much disparity between the top two or three teams and the rest of the grid," Brawn told The Guardian. "You have a group of teams that could finish last and still earn more than the team that has won the world championship.

"We have to recognise the importance and history of Ferrari and the unique place it has in the sport but we also have to find a balance between that recognition and an equitable position for the rest.

"We know that the ones that have got it all want to keep it and the ones that haven’t got it want more. It’s finding a fair balance in how we distribute the revenue. We know that if we have a more equitable distribution of revenue we will have a better F1.

"You are never going to attract new teams when you have such unfair distribution. Ferrari recognise that. They will fight tooth and nail for the best they can [get] but logic will have a fair part in trying to find a solution."