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Sports

How an F1 Racer’s Incredible Performance Almost Bankrupted His Team

Last updated: July 29, 2025 2:36 pm
Oliver James
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8 Min Read
How an F1 Racer’s Incredible Performance Almost Bankrupted His Team
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When Kimi Raikkonen came back to Formula 1 with Lotus in 2012, most people expected him to race well but nothing too dramatic. He seemed calm and laid-back, but he was actually a strong competitor who started earning a lot of points—and money—fast. What happened next was a mix of great driving, unusual contract terms, and money problems for the team that are still talked about today.

Contents
A Deal That Looked Safe On PaperTwo Seasons, 390 Points, One Massive BillStunning Podium ConsistencyVictories That Carried Extra WeightThe Surprise Return From Other Racing FieldsA Bonus Agreement Gone WildFinancial Pressure Behind The ScenesNegotiations That Could Have Been DifferentHonest Words From The Driver HimselfBack Surgery And Missed RacesFerrari Came Calling AgainA Champion’s Unusual PathLegacy Of The “Leave Me Alone” EraLessons For Future ContractsAn Unforgettable Career Finale

A Deal That Looked Safe On Paper

Credit: Wikimedia Commons

Lotus thought they were being smart when they promised Kimi Raikkonen €50,000 for every championship point he scored. They pictured a handful of points, maybe a bonus here and there, nothing serious. Instead, their clever incentive turned into a ticking financial time bomb as he began stacking up results far beyond what anyone in management had envisioned.

Two Seasons, 390 Points, One Massive Bill

Credit: Wikimedia Commons

When the dust settled after two years, his total haul stood at 390 points. That alone triggered nearly €19.5 million in bonus payments. Each weekend seemed to bring new points and new invoices.

Stunning Podium Consistency

Credit: Wikimedia Commons

Kimi secured 15 podium finishes across the 2012 and 2013 seasons, an impressive feat for a team that had not been expected to challenge the front runners. Those podiums included consistent second and third‑place results that brought crucial Constructors’ Championship points.

Victories That Carried Extra Weight

Credit: Wikimedia Commons

Kimi’s win at the 2012 Abu Dhabi Grand Prix came after a tense battle in which he held off Fernando Alonso and Sebastian Vettel while scoring 25 points in one night. Those points alone triggered a €1.25 million bonus under his contract. The following season, his 2013 Australian Grand Prix victory added another 25 points and another €1.25 million.

The Surprise Return From Other Racing Fields

Credit: Wikimedia Commons

Before joining Lotus, Kimi spent two years competing in the World Rally Championship and even entered a NASCAR Truck Series race in 2011. Many questioned whether time away from single‑seaters would slow him down. Instead, he adapted almost instantly in 2012.

A Bonus Agreement Gone Wild

Credit: Wikimedia Commons

Performance bonuses are common, but few resemble the one he signed. Lotus never added a ceiling to the payouts and essentially left the door wide open. With each point scored, the sum owed climbed higher, and by mid‑season, the team realized they had created a contract clause that was now working against their budget.

Financial Pressure Behind The Scenes

Credit: Wikimedia Commons

Financial reports and statements from Lotus’ management later revealed unpaid bills to suppliers and delays in staff payments during 2013. The team’s debt reportedly exceeded €120 million as they scrambled to meet obligations, including Kimi Raikkonen’s pending €6 million in unpaid bonuses. Despite the turmoil, Kimi still finished fifth in the 2013 Drivers’ Championship with 183 points, while engineers and mechanics worked under constant uncertainty about their own wages.

Negotiations That Could Have Been Different

Credit: Wikimedia Commons

In 2011, Kimi Raikkonen’s management held talks with Williams Racing about a possible comeback to Formula 1. However, the deal fell through due to issues with guaranteed pay, so Kimi joined Lotus instead. If Williams had signed him, their contract terms would’ve been different, but they may have faced a similar financial challenge. On the bright side, that one decision helped Lotus rise unexpectedly to fourth in the 2012 Constructors’ standings.

Honest Words From The Driver Himself

Credit: Wikimedia Commons

In early testing with McLaren’s MP4‑19 in 2004, Kimi bluntly called the car “complete sh*t” in Finnish, a comment later softened for publication. His radio messages during races became famous, like Abu Dhabi 2012 when he said, “Leave me alone, I know what I’m doing,” before securing victory. His unfiltered approach mirrored his straightforward driving style and earned him 15 podiums over two years at Lotus without political maneuvering.

Back Surgery And Missed Races

Credit: Wikimedia Commons

In November 2013, Kimi underwent back surgery in Salzburg, Austria, missing the final two rounds in Austin and São Paulo. According to multiple outlets, he had not been paid for the entire season up to that point. Despite sitting out, he still secured enough points—183 that year alone—to keep Lotus in contention for fourth in the Constructors’ Championship.

Ferrari Came Calling Again

Credit: Wikimedia Commons

Ferrari officially confirmed Kimi’s return on September 11, 2013, and paired him with Fernando Alonso for the 2014 season. Over the next five years, he scored 26 podiums and one win, at the 2018 United States Grand Prix, and helped Ferrari to consistent top‑three finishes in the Constructors’ standings. His new deal reportedly excluded per‑point bonuses to avoid repeating Lotus’s costly experience.

A Champion’s Unusual Path

Credit: Wikimedia Commons

Kimi clinched the 2007 World Championship with Ferrari by a single point over Lewis Hamilton and Fernando Alonso, thus finishing the season with 110 points and six race wins. After leaving F1 in 2009, he drove a Citroën in the World Rally Championship and debuted in NASCAR’s Camping World Truck Series at Charlotte in 2011. After returning to Formula 1 in 2012, he quickly reminded everyone why he was known as one of the most adaptable drivers on the grid.

Legacy Of The “Leave Me Alone” Era

Credit: Wikimedia Commons

The “Leave me alone” quote from the 2012 Abu Dhabi Grand Prix became iconic and was licensed on official Lotus and F1 merchandise. Fans wore it on shirts and caps at circuits worldwide, and video clips of that radio exchange amassed millions of views online. That victory alone added 25 points to his tally, equal to €1.25 million in bonus payouts.

Lessons For Future Contracts

Credit: Wikimedia Commons

After Lotus’s ordeal, many teams introduced performance bonus caps or used tiered bonuses with defined ceilings. For example, some modern contracts limit payout exposure by capping bonuses after a set point threshold. Kimi’s agreement became a prime case study in motorsport management seminars that shows how a lack of financial safeguards can threaten a team despite on‑track success.

An Unforgettable Career Finale

Credit: Youtube

Kimi ended his career with Alfa Romeo at the 2021 Abu Dhabi Grand Prix, concluding 349 starts, 21 victories, 103 podiums, and 1873 career points. His Lotus chapter remained a standout.

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