How is F1's prize money distributed?

Ever since assuming control of Formula 1's commercial rights in 2017, Liberty Media have sought to level F1's financial playing field by providing a more equitable division of revenue between the sport's teams.

To that end, much has changed under the terms of F1's latest Concorde Agreement, which replaces a previous arrangement where certain teams were favoured over others.

So how has F1’s distribution of income changed since the new Concorde Agreement came into force in 2021?

What is the sport's total prize pot, and how is it divided up between the teams?

And why do some teams receive specific payments that others do not?

RacingNews365.com takes you on a journey through F1's finances to find out more!