• Sep 22, 2008

While we knew Formula 1 racing was an expensive venture, leave it to the 2008/2009 edition of Formula Money to spell-out the jaw-dropping finances for us. According to their latest guide, the supporting cast will shell out over $3 billion this year in team resources -- with Toyota dropping more than $445 million of it alone. McLaren is a close second at $433 million, while Ferrari rounds out the top three with $414 million coming out of pocket. If you take a look at team resources divided by points scored, each point cost Ferrari $1.9 million in 2007 (while each point cost Honda a staggering $57.2 million during the same period!). With the financial markets around the world roiled in turmoil, many are wondering when the F1 budgets are going to feel the pinch... Thanks for the tip, Keith!

[Source: F1 Fanatic]



I'm reporting this comment as:

Reported comments and users are reviewed by Autoblog staff 24 hours a day, seven days a week to determine whether they violate Community Guideline. Accounts are penalized for Community Guidelines violations and serious or repeated violations can lead to account termination.


    • 1 Second Ago
  • 11 Comments
      • 6 Years Ago
      Good god, what is Toyota even spending that money on anyway?
        • 6 Years Ago
        Good point. Williams GP, using "customer" Toyota motors were outclassing the factory team earlier this season. The Italian GP performance had Williams as the top Toyota powered car again...
      • 6 Years Ago
      I feel bad about loving this sport when I see that much money "wasted" not helping the impoverished nations in the world.

      Then I remember how much the USA spends on a single bomb or aircraft and it kinda makes me feel like F1 is insignificant

      Such as the "9 days in Iraq comment". Kinda sad..
      • 6 Years Ago
      OK, so Toyota and Honda cannot turn the money spent to points earned. But they do sell huge amounts of reliable cars to the common folks. Ferrari, on the other hand, makes only a handful of cars every year, and their service intervals and reliability is nothing to write home about. OK, I know there's parent Fiat and that I went overboard.... :-)
      • 6 Years Ago
      come on folks, let toyota spent a fraction of their 14bln profit they made last year.. a 500mln is nothing to them