03-17-2014, 08:37 AM
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#12
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Registered User
Join Date: Nov 2004
Location: New Jersey
Posts: 8,709
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This is why F1 is ridiculous and Porsche like to keep their big profits in their accounts and not Bernie's.
F1 spends more on fancy sushi than what it costs 1/2 dozens Indy teams to race every tire, spark plug and driver pay check.
$130 million engines? That's a lot Cayennes...
per car:
Top F1 team: $125 million; Top IndyCar team: $3 million
The largest single cost for most F1 teams is the design, development and construction of a bespoke chassis. F1 teams must construct their own chassis and although the manufacturing costs of an F1 car are a relatively small $15 million per year, top teams can spend well over $100 million on research and development.
All IndyCar teams must buy their chassis from series provider Dallara. The price is $345,000 per chassis, but the purchase of aerodynamic packages designed for different circuits can add another $150,000-$200,000. A team typically gets through three chassis per driver each year.
THE ENGINES
Top F1 team: $130 million; Top IndyCar team: $2 million
F1 manufacturers such as Ferrari and Mercedes spend more than $100 million annually on engine development. This is principally to supply their own teams, but they are required to also supply other teams with engines and typically charge $13 million per season to do so.
Honda and Chevrolet typically charge IndyCar teams around $1 million per year per driver for an engine package which will allow the use of eight engines.
TESTING
Top F1 team: $15 million; Top IndyCar team: $1 million
Restrictions on F1 testing in recent years have seen budgets slashed from $35 million to $15 million annually in order to cut costs. This is still far larger than the IndyCar teams’ $1 million annual spending.
DRIVERS
Top F1 team: $47 million; Top IndyCar team: $3 million
Two times world champion Fernando Alonso is one of the highest paid sports stars in the world, receiving an annual salary of $40 million from Ferrari. In contrast leading IndyCar drivers receive $1-2 million per year. Unlike F1 drivers they also receive prize money – $2.5 million for Dario Franchitti when he won last year’s Indy 500 – but are usually expected to give at least half of this to their team.
ENTRY FEE
Top F1 team: $3.3 million; Top IndyCar team: $456,000
F1’s governing body, the FIA, operates a complex system for entry fees where each team is charged a basic fee of $500,000, plus $6,000 per point scored in the previous season for the constructors’ champion and $5,000 per point for everyone else. This has left 2012 champion Red Bull Racing with a bill of $3,260,000 this year. In contrast, IndyCar teams pay $12,000 per car per race.
HOSPITALITY
Top F1 team: $13 million; Top IndyCar team: $1 million
Hospitality may seem like a frivolous extra but it is a crucial part of how an F1 team operates. Sponsors spend up to $100 million annually so expect to receive silver service treatment when they visit a Grand Prix. A top F1 team can spend more on hospitality in a season than an IndyCar team spends on its entire budget. In contrast leading IndyCar teams may spend up to $200,000 at a showpiece event like the Indy 500, but far less at other races.
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Last edited by Perfectlap; 03-17-2014 at 08:44 AM.
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