Formula One and the $100 coat hanger
That equates to £1.8M ($2.9M) a race on average "collected from the 11 teams by circuits desperately trying to offset the fees" — ranging up to £25M ($40M) annually. A source said, "We are effectively paying a tax on racing. The promoters have to make their money somewhere and they make it from the teams.
It is like a football team turning up at Old Trafford for a match against Manchester United and discovering they have to pay for the changing rooms, the hot water and the soap." One team said it was asked for almost £9,000 ($14,300) to "hire three forklift trucks to move around their boxes and pallets at one race."
The source added, "It would have been cheaper to buy one and drive it into the river when we were finished." At another race, "the hire of a fridge" was equivalent to £1,200 ($1,913) for the weekend LONDON TIMES