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07-30-2011, 11:19 AM | #1 |
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Do F1 teams make money?
I am watching the Hungary GP Qualifications, and I was thinking. Do the teams make money? I know the cost per year for Ferrari is like what, half a billion?
How can a team like Sauber or Virgin make money? Do you think the ads really generates an equivalent revenue? Experts opinion needed! Thx |
07-30-2011, 01:28 PM | #2 |
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yes, they do, even williams who has been on a downward spiral in the last few years posted a profit last year, and even went into the stock exchange (it didn't help that it does ever worse).
ferrari spend hundreds of millions but say that it is an essential activity for their road car sales. I think that all teams make money; nobody does anything for free. Honda, Toyota, and BMW did withdraw a couple years back, though, because of the global crisis. So when it's not profitable or worth it, they fold. good rule of thumb: if they're around, they're making money or achieving whatever it is they're after. p.s. google formula money
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07-30-2011, 01:56 PM | #3 |
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Ferrari is an apparel company that just happens to race F1 and sell cars. Not all teams make money, but some do. Some also loose their ass every year (Toyota fell victim to this and eventually quit).
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07-31-2011, 01:24 AM | #4 |
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There is prize money that is given at the end of the year that depends on the Constructor standings.
The prize money in 2007 was about this: 1st – USD80,000,000 2nd – USD74,000,000 3rd – USD67,000,000 4th – USD60,000,000 5th – USD48,000,000 6th – USD46,000,000 7th – USD44,000,000 8th – USD42,000,000 9th – USD39,000,000 10th –USD37,000,000 Then, there is also all the sponsorship money that comes in. Which could easily match the amount of the prize money. Also, Ferrari gets an extra cut from the F1 pool simply because they are Ferrari.
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07-31-2011, 09:33 AM | #6 |
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Besides the championship position prize money, isn't FOM also give teams money per points they scored throughout the season?
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07-31-2011, 07:19 PM | #7 |
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they help them with freight and transportation costs yeah, that is why in the old days when minardi or prost etc scored points (by coming 6th or better) they partied like they had won the race
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08-01-2011, 03:58 PM | #8 | |
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Have you read the Formula Money report?
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08-01-2011, 06:52 PM | #9 | |
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I remember I heard something from both SPEED and BBC about every points are valuable points to the teams. As their year end profit after the season concluded, will be calculated based on Constructors Championship points.
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08-01-2011, 08:31 PM | #10 | |
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Also, the teams get a percentage of revenue from the broadcasts.
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08-22-2011, 08:15 AM | #12 |
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Per event, maybe. But none of them have broken a full bill yet. So, I think Tiger still holds that one down for now.
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08-22-2011, 12:46 PM | #13 | |
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The teams also get a slice of the tv rights. |
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08-22-2011, 12:52 PM | #14 | |
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08-22-2011, 12:53 PM | #15 |
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^^ Give Vettle a few more years... I think he'll do that for sure. Maybe Alanso first as he's been around for such a long time (plus he probably has massive sponsor deals)?
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