F1 » Mercedes accounts show spiralling cost of F1


The latest corporate accounts from Mercedes lay bare just how expensive F1 has become, graphically revealing that the motorsports division spent a record £242.1 million in 2011.

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andrew2k

February 03, 2013 6:27 PM

@benignlyindifferent
If you really want a good argument as to why F1 need a budget cap then look no further than the situation involving Toyota, Honda and Porsche.

Toyota and Honda withdrew from F1 for one reason...they both deemed the sport too expensive of an investment to continue in. As for Porsche, their stated reason for not returning to F1 go right in hand with that of Honda and Toyota..F1 is too expensive and to be honest I don't give them any wrong.

In the end just as how MotoGP got a dose of reality after Kawasaki, Aprilia, and Suzuki decided to exit the championship for cost reasons(hence the on-going push by Dorna for a budget limit), likewise F1 will face the same reality if things keep going the way they are. In fact we're already seeing the effects not just in teams withdrawing, but also in fact that pay drivers are becoming the new norm.
&elijah
The team(s) that spends the most alway be the ones that win the most. In the case of F1 its either Ferrari, Mclaren, or

David Chaste - Unregistered

February 03, 2013 6:55 PM

Toyota, Honda and BMW left because of lack of results. Had they been winning teams they would still be on F1. They can all easily foot the bills for years of F1 racing, and pay all their drivers.

Had Mercedes won about 4-5 races every year since 2010, and had maybe 1 championship in those 3 years. The money issue would never have surfaced.

Since 2010 Red Bull's owner had said they would do do whatever it takes to win the title. They spend the most but because of positive results, the spending is a non-issue for them.

Senna forever

February 03, 2013 7:13 PM

bottom line ..... Mercedes haven't spent their money on the right things, expensive drivers for a start, comment earlier was that LH arriving is going to be expensive, I can agree with that if he doesn't turn in results or at least look likely before breaking down, but don't forget MS cost a lot of money and didn't have anything to show for it,now that WAS a waste of money, Sorry to all you MS fans but he shouldn't have come back

benignlyindifferent

February 03, 2013 7:50 PM

Thanks, Richard. I did not understand the complete segregation of the motor division but your comments make sense now that I think of the history. It makes you wonder where all the money does go, and Senna Forever's comments that they have spent their money on the wrong things is probably correct, when you consider how quickly Red Bull evolved their team into an annual championship contender.

richard

February 03, 2013 8:00 PM

senna forever is right and also wrong. yes, merc are spending money on the wrong things, but no, schumi was not costing a lot. . probably about 20% of what they have decided to pay lulu. will this money be well spent? wait until end of 2013, and if merc are in the top three, then probably, but if lulu is fifth or lower, than i would imagine the daimler ag shareholders will be baying for blood. already they are very unhappy.

the main problem with merc is that they are trying to BUY success. had they started to build their own team from stuttgart, they would receive far more credit and respect.

benignlyindifferent

February 03, 2013 8:00 PM

... and Andrew, whether it's a cap or whatever, I agree. The costs are out of control and are driving teams out of the sport. I remember that in 2004, Montoya set the all time lap record at Monza with his Williams FW27 at an average speed of 262.242 km/h. Fast driver, great chassis and engine yes, but today they are spending considerably more dollars to not go as fast and so the rules also need to be considered.Perhaps they should bring back more testing, but control the number of sessions, place time limits on wind tunnel and simulator work, and consider spec parts like exhausts and wing configurations. I don't want an Indy car but if everyone used the same exhaust for example, it would eliminate the costly attempts to route exhaust gasses.

richard

February 03, 2013 8:01 PM

senna forever is right and also wrong. yes, merc are spending money on the wrong things, but no, schumi was not costing a lot. . probably about 20% of what they have decided to pay lulu. will this money be well spent? wait until end of 2013, and if merc are in the top three, then probably, but if lulu is fifth or lower, than i would imagine the daimler ag shareholders will be baying for blood. already they are very unhappy.

the main problem with merc is that they are trying to BUY success. had they started to build their own team from stuttgart, they would receive far more credit and respect.

shaken - Unregistered

February 04, 2013 11:32 AM

Holy Mackrel...........52m quid (or whatever currency I care to mention) and thats just the engines alone

Did they also omit Michael Schumacher salary....

shaken - Unregistered

February 04, 2013 11:32 AM

Holy Mackrel...........52m quid (or whatever currency I care to mention) and thats just the engines alone

Did they also omit Michael Schumacher salary....

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