The cost of F1 success: Big three racing giants are also biggest spenders
Mercedes, Ferrari and Red Bull were the three most successful teams in the Formula 1 world championship in 2018, spending more money that the other seven teams combined.
According to journalist Dieter Rencken, who each year collates the financial figures for Racefans.net, the cost of keeping two cars on track in the championship is around $112 355 000.
Worried by spiralling costs, F1 will impose a budget ceiling of $150-million from 2021.
Team budgets in 2018:
1. Ferrari (2nd in constructors championship) - $410-million total
950 employees + 480 in engine department
Receives the largest part of the sport's commercial revenues redistributed by F1 on account of the team's historic status in the sport. Backed also by cigarette manufacturers Philip Morris via their "Mission Winnow" project.
2. Mercedes (1st) - $400-million total
950 employees + 500 in engine department
Daimler-Benz's F1 activities are split into two - Mercedes GP for race operations and the powertrains, operating independently.
3. Red Bull (3rd) - $310-million
Should benefit in 2019 from sister team Toro Rosso and common engine supplier Honda
4. McLaren (6th) - $220-million
“Thank you to the team for their hard work over the past two weeks, and now we look forward to getting the season properly started.” ??@Carlossainz55's final thoughts on #F1Testing ?? https://t.co/DVjAv9lt1J pic.twitter.com/7k56vCYJvv— McLaren (@McLarenF1) March 1, 2019
Supported by Middle East investors but despite losing Fernando Alonso for the new season, will benefit from various new sponsors one of which is British American Tobacco through their projet "A better tomorrow"
5. Renault (4th) - $190-million
Next week, we race.— Renault F1 Team (@RenaultF1Team) March 8, 2019
The long, cold, winter months are behind us.
Testing has been and gone.
We have packed all our gear, we've ironed our team kit.
Our passports have been found (phew!) and we've booked the aisle seats.
This is it friends; next week, we race!#RSspirit pic.twitter.com/lm1dvjHfNe
680 employees + 300 in engine department
Strategic partnership of Renault-Nissan-Mitsubishi but overshadowed by the Carlos Ghosn affair
6. Williams (10th) - $150-million
Honda packaging in Toro Rosso's car its "most complex" yet https://t.co/li36hKPvui— Williams (@f1_williams) March 8, 2019
Lost title sponsor Martini for the season to be replaced by telecommunications company ROKiT. With the support also of Canadian multi-millionaire businessman Lawrence Stroll - the father of driver Lance Stroll.
7. Toro Rosso (9th) - $150-million
We'll never get tired of seeing the STR14 under this light ?? pic.twitter.com/8pocRFjFVo— Toro Rosso (@ToroRosso) March 5, 2019
Should benefit in 2019 from its sister team Red Bull and common engine supplier Honda
8. Alfa Romeo Racing (ex-Sauber) (8th) - $135-million
Benefitted since 2018 by a Ferrari engine deal and now boasts support of Alfa Romeo
9. Haas (5th) - $130-million
Will benefit in 2019 from a title sponsor, energy drinks manufacturer Rich Energy
10. Racing Point (ex-Force India) (7th) - $120-million
Will benefit in 2019 from new title sponsor, internet sports betting site SportPesa