POW                 

Formula One

Everything You Want to Know About $$$ in F1

By  | 

Formula One claims 425 million fans around the globe.  In 2014 the series had revenues of $1.8 billion and the annual profit was an eye-popping $519 million.

Other stats will amaze you. Four-time World Driving Champion, Sebastian Vettel has a $40 million salary, which doesn’t include retail sales of items such as tee shirts and beer can holders. The Scuderia-Ferrari pilot is German-born, so perhaps he’d prefer to sell beer steins over can-related memorabilia.

If you’ve ever wanted to know the whole picture of F1 budgets, this video from The Business of Formula 1, breaks down “all economic aspects of Formula 1 including the sports revenues, what it takes to build an F1 car, sponsorship fees and the costs involved in running a team.”

Narration is by legendary F1 pit-lane reporter Ted Kravitz.

EMAIL LEWIS AT lewis.franck@popularspeed.com

FOLLOW ON TWITTER: @LewisFranck

The thoughts and opinions expressed here are those of the author and do not necessarily reflect those of PopularOpenWheel.com, its owners, management or other contributors. Any links contained in this article should not be considered an endorsement. 

Lewis Franck

In a career spanning over thirty years, Lewis Franck, a former New York attorney, has covered motorsports first as a photographer working for magazines such as Sport Magazine and magazines in Europe. Subsequently switching to writing Franck had a monthly column in Inside Sports, and later worked regularly for Sports Illustrated and ESPN the Magazine. He's been a weekly columnist for Sports Illustrated's website and blogs and moderated chats at ESPN.com. Currently, he's a motorsports contributor at Reuters and Autoweek. And now a guest host on SiriusXM/NASCAR and guest PRN's Pit Reporters. An award-winning journalist; he’s written thousands of articles for magazines, newspapers and websites around the world. He’s also currently a US-based motorsports writer for Reuters newswire. In addition to published work, he’s been the color commentator, in Australia, for the local television broadcast of the Surfers Paradise Indy car race. Franck has appeared on the NBC Nightly News, television panel shows and dozens of radio appearances. He’s also a past Eastern Vice President of the American Auto Racing Writer’s and Broadcasters Association. In addition, he handled public relations for the Driver of the Year Award.

Leave a Reply

Your email address will not be published. Required fields are marked *