Virgin eyeing 10th-place windfall

Date published : 16 Jun 2010 - 14:19:10

Virgin Racing have set their sights on a 10th-placed finish in this year's Formula One world championship given the financial rewards on offer.

Formula One's rules governing prize money are complicated, but only the top 10 in the constructors' championship are given a handout. Such a position for the newcomers, with fellow new boys Lotus and Hispania also vying for the coveted spot and all so far without a point, could ultimately result in a 25million dollar (£17million) windfall.

"There's some money? You never told me that," team owner Sir Richard Branson said to CEO Graeme Lowdon, who replied: "It does make a difference."

Lowdon added: "We have a long-term plan for the team, so getting a 10th-placed finish in the championship would be a bonus.

"If we get a point then it really would make a massive difference."

When told the exact figure, a shocked Branson said: "Well yeah, I would like to get 10th place.

"Whereas I said I wouldn't mind about 10th place, I've suddenly taken a big interest."

Lowdon responded: "It's an innovative structure, and if you do well on the track then you get very well rewarded."

Branson added: "The more times we can get two cars finishing then that would be great, and if we can get a point or two, then even better."