Melbourne, Australia newspaper The Age has a story on the break-even point for automakers in Formula One. The numbers are based on research done by Formula Money, a company devoted to detailing the financial goings-on in F1 – however, they don't make much sense at first glance. According to The Age, F1's manufacturer-backed teams "Ferrari, Mercedes-Benz, BMW, Renault and Toyota spent €608 million ($970 million) on Formula One racing" last year. To recoup that total investment they nee
F1 Spending Cap
We love Formula 1. Have for years. We believed it was the pinnacle of motorsport, and by golly each team had the stratospheric budget to prove it. There was a time when a single top team in F1 spent enough to run 12 or 13 top dollar teams in IndyCar. Teams have been wanting the costs to come down, which is fine, because we also miss the days when privateers had a punter's chance at winning a race. Bring back the days of Jordans, Saubers, and Tyrells, we say.