F1 Team Budgets

[Logrence]

From this months F1 Racing Magazine - they've looked carefully at the different teams' various outlays and made (conservative) guesstimates at how much they could be spending. Jaguar's is quite low because they didn't take into account the $48m that Cosworth spends on the engines.

Ferrari - $443.8m
Williams - $353.3m
McLaren - $304.6m
Toyota - $290.4m
BAR - $225.1m
Renault - $206.8m
Sauber - $119.5m
Jordan - $79.2m
Jaguar - $78.8m
Minardi - $39.6m

[avsfan733]

wow that explains a lot i think

[JohnSSC]

A couple of hundred million here, a couple of hundred million there, and pretty soon you're talking about some REAL money!

[Red]

Bugger!!! It's the first time I saw that Willy has a bigger budget that Macs. Anyway, the eternal problem: Williams budget includes BMW engine production + development or is only the Williams budget? Just curious.

PS: Judging by the standings, I'd say that $218 millions difference between what Ferrari and BAR spend, are very well invested money...

PS: Are those US $ or something else? Anyway, I doubt a bit these numbers, it is hard for me to believe that Jaguar has an anual budget lower than Jordans. For example...

[Logrence]

Jaguar's budget doesn't include the $48m the group as a whole spends on engines.

Jordan spend $18m on engines.

The Williams budget accounts for $185m of engine development, but the reason their budget is quite high is because they have a massive test program - about 120 days per car.

And yes, it's in USD.

[Red]

Sorry, still unclear for me. Williams budget is 353 + 185 = 538 or 353, out of wich 185 are dedicated to engine development?

PS Bah, at that budget what does FoMoCo expect to win? :confused:

[Logrence]

$353.3m is approximately what Williams-BMW spend including engine development.

[Red]

Thanks.

[JonesF1]

I didnt realize BAR had so much money, it really puts things into perspective of how bad theyve done. Jaguars budget doesnt surprise me.

Toyota is really the big spender of the bunch. They dont get extra money for historical performance unlike Ferrari, Mac, Williams who have been winning championships for 25+ years. They then miss out on even more TV money by not doing well in the standings (so far).

[Logrence]

Toyota have a mega huge budget - this doesn't take into account the fact that you have the resources of a huge car manufacturer at your disposal - Toyota also own a lot of their suppliers, so the F1 team will get a lot of parts at cost.

[Spudgun]

Originally posted by JonesF1

I didnt realize BAR had so much money, it really puts things into perspective of how bad theyve done.

BAR have been blowing money like that since Day 1. It's almost laughable.

Let's hope they get it right this year with Geoff Willis' influence.

[avsfan733]

the total is 2,141,100,000 dollars
or 2.14 billion dollars
or slightly more than the US federal budget surplus during the year 200 (236.4b$)

[bcobbus]

How does Ferrari come up with such huge funds? They are owned by Fiat I think, arn't they? The funny thing is that if Minardi spent as much money as they do in Sports cars or CART, or even NASCAR they would be ultra dominant! Just wondering, what is Minardi's F3000 budget? If their F1 program is always so strapped for cash, why are they running an F3000 team?

[mirwin]

Most F3000 drivers have to bring lots of money with them, sometimes even pay the entire budget. This is probably how Minardi does it.

[RWC]

I NEVER fully trust such lists,but it is of interest nevertheless.
Is maclaren's mercedes engine inluded in theirs?It would have to be surely

[DNQ]

Originally posted by Logrence
Ferrari - $443.8m
Minardi - $39.6m

[EERO]

Originally posted by Logrence


Ferrari - $443.8m

Minardi - $39.6m

Au contraire, let's give them credit for doing as well as they do! Heck, the differential between the front of the grid and the back has come down a lot.

Also 10 years ago, 39 mill was a pretty big budget. How times change...

And when Fiat goes under, Ferrari will be in serious trouble.

[Super Tourer]

Yep, saw this - one interesting point, the turnaround in attitude to cost cutting at Ferrari co-incides with the sad death of Agnelli, who was Ferrari's main supporter at Fiat and always ensured they had the money.

Now he has gone, and Fiat have to sort out their horrendous
financial problems - it could have implications for Ferrari.

As a stand alone, small volume car maker, Ferrari could never justify this sort of expenditure. Even with their success it would be very unlikely that sponsorship would fund even close to $500M worth of expenditure per year.

Ironically, for the richest team in F1, the new rules are very timely.

Those figure's from Toyota put trememopus pressure on the team and drivers, no wonder the board in Japan are having more 'input' into the team, writing cheques out for these kind of sums.

They have got to be considered an early casualty if the results aren't forthcoming.

Looking at these figures as a whole, it's amazing that team bosses have had their head's in the sand for so long and watched costs escalate out of control.

$300M to run two cars in 17 races is plainly ridiculous, and as Max said, unsustainable.

[f1manoz]

And is why F1 will collapse soon. Unless things DRASTICALLY change. Manufacturers will soon lose interest (or if it becomes too expensive), and with only three real 'privateer' (as in customer) teams left (Jordan, Sauber, Minardi), F1 will be in dire straits.

[DNQ]

f1manoz, that is a perfect summary and something I have been saying for a long time. Privateers are the backbone of motor racing. Look what happened to Le Mans and BTCC when they got too many manufactureres...