P1racenews AI automatic summary:
A big moment for the Formula 3 series! Could this help more drivers progress towards Formula 1?
Formula 3 announced a €1 million prize fund to be shared among the top five drivers in the championship starting from 2025.
The F3 champion will receive €300,000, with decreasing amounts awarded to the top five finishers.
However, the prize will only be given to drivers who advance to Formula 2; otherwise, it goes to the next driver(s) in line based on standings.
This new fund complements the existing Pirelli €300,000 prize for the F3 champion.
The initiative aims to incentivize drivers and provide them with deserved rewards, fostering talent development on the ladder to Formula 1.
Moving from F3 to F2 presents a financial challenge, but with this prize fund, the transition for future F1 stars should become more feasible.
