P1racenews AI automatic summary:
F1 team bosses say 'pay driver' F1 model is dead
In the past, drivers with significant wealth or major sponsors could buy a race seat in lower-tier teams. However, the introduction of the FIA Super Licence and the current commercial success of Formula 1 has reduced the reliance on “pay drivers”. The championship has evolved to prioritize talent over financial backing. Teams are now investing in the junior categories, ensuring that less-funded drivers have a fair chance at reaching Formula 1. The concept of paying drivers to secure a seat is no longer the norm, as teams focus on performance and competiveness. The FIA Super Licence system has played a significant role in eliminating the “pay driver” phenomenon.
Source: Autosport.com
