How fast do you want to go in F1? How much do you have to spend?
 |
| In a sport where engineering is everything, the more you spend in F1 the faster you will go. |
The "wide and growing gulf" between Formula 1’s haves and have-nots "is illustrated in new data" on how much each team spent in '18, according to Dieter Rencken of RACEFANS.net. The basis of the analysis is a "combination of interviews, off-record discussions (crucial to obtain inside numbers)," Companies House records for U.K.-based teams, and "good old-fashioned sleuthing." Financial records of non-U.K. teams "are not publicly accessible and thus educated estimates are applied." The teams' "ability to obfuscate their spending will change when (or if) budget caps are applied."
Then teams will still be able to "fudge" expenses such as marketing and certain salaries, "but the balance will be known either through inclusion in the cap, or simple deduction." Part 1 of Rencken's analysis (10th-place Williams through sixth-place McLaren) is available here. Part 2 (fifth-place Haas through first-place Mercedes) is available here. Below are the team's '18 financial figures:
Williams (10th place)
Budget: $150M
Income: $150M
Profit/Loss: Breakeven (Group)
Toro Rosso (9th place)
Budget: $150M
Income: $150M
Profit/Loss: Breakeven
Sauber (8th place)
Budget: $135M
Income: $135M
Profit/Loss: Breakeven
Force India/Racing Point (7th place)
Budget: $120M
Income: $125M
Profit/Loss: Went into administration
McLaren (6th place)
Budget: $220M
Income: $220M
Profit/Loss: Breakeven
 |
| Given their small budget the Haas team punched above their weight thanks to help from Ferrari |
Haas (5th place)
Budget: $130M
Income: $130M
Profit/Loss: Breakeven (Group)
Renault (4th place)
Budget: $190M
Income: $190M
Profit/Loss: Breakeven (Group)
Red Bull (3rd place)
Budget: $310M
Income: $315M
Profit/Loss: Breakeven (Group)
Ferrari (2nd place)
Budget: $410M
Income: $410M
Profit/Loss: Breakeven (Group)
Mercedes (1st place)
Budget: $400M
Income: $405M
Profit/Loss: Breakeven (Group)