3 years, 1 month ago
What was the most expensive season in F1 and how much cheaper is it now.
The powers of F1 have been trying several measures to reduce the cost of running an F1 team. What was the most expensive season (cost for all of the teams combined) and how much cheaper is it today? Ball park answers may be the best available.
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M$1 Answer
I found the following here;
http://en.wikipedia.org/wiki/Formula_One
"In March 2007, F1 Racing published its annual estimates of spending by Formula One teams. The total spending of all eleven teams in 2006 was estimated at $2.9 billion. This was broken down as follows; Toyota $418.5 million, Ferrari $406.5 m, McLaren $402 m, Honda $380.5 m, BMW Sauber $355 m, Renault $324 m, Red Bull $252 m, Williams $195.5 m, Midland F1/Spyker-MF1 $120 m, Toro Rosso $75 m, and Super Aguri $57 million."
Also found this article about reduced spending here;
http://www.spiegel.de/international/business/0,1518,614440,00.html
"With big-name sponsors dropping out, F1's governing body, the Fédération Internationale de l'Automobile, announced plans on March 17 to do just that. On deck is a voluntary spending cap that would limit teams' annual budgets to $43.5 million from 2010 onwards. That's just one-fifth the amount Mercedes spent last season to propel 24-year-old Lewis Hamilton to his first-ever Formula One title."
Since Honda has pulled out of F1 that means that ten teams should spend about $435 million in 2010 down from 2.9 bil in 2006.
http://en.wikipedia.org/wiki/Formula_One
"In March 2007, F1 Racing published its annual estimates of spending by Formula One teams. The total spending of all eleven teams in 2006 was estimated at $2.9 billion. This was broken down as follows; Toyota $418.5 million, Ferrari $406.5 m, McLaren $402 m, Honda $380.5 m, BMW Sauber $355 m, Renault $324 m, Red Bull $252 m, Williams $195.5 m, Midland F1/Spyker-MF1 $120 m, Toro Rosso $75 m, and Super Aguri $57 million."
Also found this article about reduced spending here;
http://www.spiegel.de/international/business/0,1518,614440,00.html
"With big-name sponsors dropping out, F1's governing body, the Fédération Internationale de l'Automobile, announced plans on March 17 to do just that. On deck is a voluntary spending cap that would limit teams' annual budgets to $43.5 million from 2010 onwards. That's just one-fifth the amount Mercedes spent last season to propel 24-year-old Lewis Hamilton to his first-ever Formula One title."
Since Honda has pulled out of F1 that means that ten teams should spend about $435 million in 2010 down from 2.9 bil in 2006.
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