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F1 teams’ costs rise by 14.5% in 2016

2016 was not a great year for F1 teams on a financial level. Their costs went up over 14 percent. This is quite a substantial rise since it is 14 dollars more for every hundred dollars. This may have hindered many with their goals in the F1 field since some may not have wanted to pay this.

Key Takeaways:

  • Next weekend Britain’s Lewis Hamilton could secure his fourth Formula One title at the United States Grand Prix.
  • Victory on track increases a team’s ability to bring in more sponsorship,, as brands are prepared to pay more to be associated with a winner.
  • A limit of £114m has been suggested and this would level the playing field as the smallest teams are already below this whilst the frontrunners would have to scale back.

“Next weekend Britain’s Lewis Hamilton could secure his fourth Formula One title at the United States Grand Prix.”

https://www.bbc.co.uk/news/business-41610963