Originally Posted by D.R.T.
I believe when AVESCO took over in 1997 that all prize money was removed in favour of REC payments to the teams.
Nah, prize money was still paid - just much bigger amounts than teams had ever received from promoters.
Somewhere around 2002 it changed to be a higher proportion as appearance money but prize money still existed.
Not sure about current situation, might have done away with prize money now & just stuck with appearance money - either way prize money was still there quite some years after 97.