Ericsson banks $3.1M as career booms after F1

Ericsson banks $3.1M as career booms after F1

Headline: Ericsson banks $3.1M as career booms after F1

Marcus Ericsson won the Indianapolis 500, collecting a $3.1-Million prize, while simultaneously brushing off the pay driver label, as his post Formula 1 career boomed.

Indianapolis 500 winner Marcus Ericsson cashed in on the race’s record purse, earning an unprecedented $3.1 million check for Sunday’s victory. Prize totals were announced Monday, the same day the annual victory celebration was held in downtown Indianapolis.

Indy’s total purse of slightly less than $16.1 million smashed the previous mark of $14.4 million that was set in 2008.


Runner-up Pato O’Ward of Mexico, who drives for Arrow McLaren SP, collected $1 million — the largest check a second-place finisher has earned in nearly a decade.

Seven-time Cup champion Jimmie Johnson received a $50,000 bonus for being named the race’s rookie of the year despite crashing late in the race. Johnson’s winnings totaled nearly $208,000. The average payday for each driver was $485,000.

“The Indianapolis 500 is the greatest race in the world, and these drivers lay it all on the line for a chance to drink the winner’s milk and kiss the famous Yard of Bricks,” Indianapolis Motor Speedway owner Roger Penske said in a statement. “This year’s record-setting purse is reflective of their tireless pursuit of history and the world-class talent they display on every lap.”

Race organizers said the estimated crowd topped 325,000, which they believe makes it the largest attended single-day sporting event in the world since the COVID-19 pandemic began.

The IndyCar Series returns to action next weekend in Detroit.

“Winning the Indy 500, it’s not bad for a pay driver.”

That was the message from Marcus Ericsson after the biggest victory of his life, an Indianapolis 500 win that just maybe would earn him some respect as a race car driver.

It’s not that Ericsson was some rich kid who bought his way into Formula 1 without the talent to warrant a seat. In fact, Swedish investors hoping to develop the nation’s next racing superstar found Ericsson when he was 15 and provided the financial backing he needed to rise through the European ranks and make it to F1.

His backers never stopped believing in him and stayed with him through 97 winless F1 races. They supported Ericsson when he decided to pack up and move to the United States for a fresh start, and stuck with him after his first uninspiring IndyCar season.

Ericsson drove for Sam Schmidt in his rookie IndyCar season, but he was let go when McLaren bought into the team ahead of the 2020 season and changed the entire lineup.

Ericsson needed a new job and Chip Ganassi Racing was interested — so long as Ericsson found the money to field the car. He partnered with Swedish company Huski Chocolate, which sponsors the No. 8 car that Ericsson drove to the win Sunday at Indianapolis Motor Speedway.

The victory put Ericsson alongside Kenny Brack – the 1999 Indy 500 winner – as the only Swedes to win in 106 runnings of the Indy 500, and to Ericsson, legitimized his career as so much more than “a pay driver.”

Ericsson labeled as pay driver since F1 days

“You know, that’s what people call you if you come in and have strong backing,” Ericsson said Monday. “I don’t come from a rich background, I come from a normal family in Sweden, and I’ve worked very hard in my career to get opportunities and get people to believe in me.

“And then they put a label on you as a pay driver, and I had that label all my F1 years and even here in America. Coming here, I don’t think there were too many people super excited to see me here in IndyCar, and it’s just something that has been sticking with me.”

But the Ganassi organization isn’t a backmarker team and Ericsson was now driving cars capable of winning races. He had an adjustment period in 2020 adapting to a new culture of sharing information with teammates who cheer for one another rather than try to defeat them, and Ericsson was admittedly still rebuilding the confidence that had been shattered over five F1 seasons.

He didn’t score his first IndyCar victory until Detroit last June in his second season with the team — it was Ericsson’s first win in eight years — and an August win in Nashville earned him a contract extension that Ericsson said “is multiple years.”

The so-called pay driver is now a Swedish hero. Finn Rausing, one of Ericsson’s longtime backers, attended his first Indy 500 on Sunday and then kissed the bricks in celebration of his investment’s victory. Rausing also passed on to Ericsson a congratulatory message sent from King Carl XVI Gustaf, the monarch of Sweden.

Ericsson now leads Indy 500 on points

I addition to the hefty pay Ericsson received, and because the Indy 500 is worth double points in the standings, the Swede skyrocketed from eighth to the IndyCar points leader as he prepares to return to Detroit this weekend and defend last year’s breakthrough victory.

The last 12 months have certainly helped Ericsson prove himself in IndyCar and the Indy 500 win earned him global recognition. But there’s still something that Ericsson wants for legitimacy.

A journalist from his hometown in Sweden attended the Indy 500 and told Ericsson he’d gone to every single souvenir stand in a fruitless search for a single merchandise item that featured the driver. But his teammates are six-time IndyCar champion Scott Dixon, seven-time NASCAR champion Jimmie Johnson and reigning IndyCar champion Alex Palou, so it can be hard for a quiet Swede to stand out.

“I use it as motivation, but also I understand when you have (my teammates). It’s so obvious I’m not going to be the one in the spotlight,” Ericsson said. “But I have a journalist here from my local newspaper … he didn’t find a single T-shirt, cap or anything with Marcus Ericsson. Pretty much every driver in the field, but not a single Ericsson thing.

“Things like that, it’s a bit annoying. Like maybe I can have one T-shirt? You know, that would be nice.”