4 ms·

Are you joking?

• bendecoste 12y ago
  Sincerely curious, what kinds of profits do F1 teams make?
  • CHY872 12y ago
    So a large team like Ferrari or McLaren will spend about $400 million on running the whole team for the year - that includes all salaries, R&D, simulation, transport, part costs, marketing etc. They'll get about $80 million back on that from prize money (it's more like $100 million if you win). Then there's the sponsorship - for a large team about $300 million a year is reasonable. The rest can often be found from elsewhere. McLaren had large funding from Daimler until recently (when they received a $40 million fine Daimler paid) - Ferrari have a lot of their own money. F1 drives car sales, and the technology from F1 can be pulled back into the road cars - just look at McLaren's new models..
• bagels 12y ago
  It was not a joke, lots of teams have come and gone. I had to assume it was not profitable to run a team, much like any other form of auto racing. Most teams that have endured are backed by large companies that can absorb losses, but I have never seen any books from any teams.