Formula 1 is a profitable exercise for most parties involved. The TV channels make profits from broadcasting the races. The teams get a slice of the money raised from the sale of broadcasting rights as well as from the sponsor's logos on their cars.
The cost of building a brand new permanent circuit like in Shanghai can be up to hundreds of millions of dollars, but the cost of converting a public road such as Albert Park into a temporary circuit is much less. However permanent circuits can generate revenue all year round from leasing the track for private races and also other races such as MotoGP. The Shanghai circuit cost over $300 million.The owners are hoping to break-even by 2014. The Istanbul Park circuit cost $150 million to build.
Not all circuits make profits – for example, Albert Park made a loss of $32 million in 2007.[56]
In March 2007 F1 Racing published its annual estimates of spending by Formula One teams. The total spending of all eleven teams in 2006 was estimated at $2.9 billion. This was broken down as follows; Toyota $418.5 million, Ferrari $406.5 m, McLaren $402 m, Honda $380.5 m, BMW Sauber $355 m, Renault $324 m, Red Bull $252 m, Williams $195.5 m, Midland F1/Spyker-MF1 $120 m, Toro Rosso $75 m, and Super Aguri $57 million.
Costs vary greatly from team to team; in 2006 teams such as Honda, Toyota, McLaren-Mercedes and Ferrari are estimated to have spent approximately $200 million on engines, Renault spent approximately $125 million and Cosworth's 2006 V8 was developed for $15 million.In contrast to the 2006 season on which these figures are based, the 2007 sporting regulations ban all performance related engine development
The cost of building a brand new permanent circuit like in Shanghai can be up to hundreds of millions of dollars, but the cost of converting a public road such as Albert Park into a temporary circuit is much less. However permanent circuits can generate revenue all year round from leasing the track for private races and also other races such as MotoGP. The Shanghai circuit cost over $300 million.The owners are hoping to break-even by 2014. The Istanbul Park circuit cost $150 million to build.
Not all circuits make profits – for example, Albert Park made a loss of $32 million in 2007.[56]
In March 2007 F1 Racing published its annual estimates of spending by Formula One teams. The total spending of all eleven teams in 2006 was estimated at $2.9 billion. This was broken down as follows; Toyota $418.5 million, Ferrari $406.5 m, McLaren $402 m, Honda $380.5 m, BMW Sauber $355 m, Renault $324 m, Red Bull $252 m, Williams $195.5 m, Midland F1/Spyker-MF1 $120 m, Toro Rosso $75 m, and Super Aguri $57 million.
Costs vary greatly from team to team; in 2006 teams such as Honda, Toyota, McLaren-Mercedes and Ferrari are estimated to have spent approximately $200 million on engines, Renault spent approximately $125 million and Cosworth's 2006 V8 was developed for $15 million.In contrast to the 2006 season on which these figures are based, the 2007 sporting regulations ban all performance related engine development
No comments:
Post a Comment