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REVEALED: F1's biggest spenders

The average expenditure of an F1 team has been practically halved in the past two years thanks to FOTA's Resource Restriction Agreement (RRA) - but one competitor's budget, it seems, still dwarfs those of its rivals...
'Hey, big spender' belted out Shirley Bassey, and the Welsh diva might just as well have been singing about Ferrari's F1 effort, with the Scuderia exposed as having allocated the greatest budget of any of the current teams to its 2011 title challenge – almost six times the total of the lowest spender, Hispania Racing (HRT).

A report conducted by Business Book GP and whose results have been published by Spanish newspaper El Mundo Deportivo has revealed that whilst the average expenditure in the top flight has been reduced from €209 million per team in 2009 to €119 million in 2010 and €113 million in 2011 – in-line with the sport's ongoing cost-cutting drive – that figure is skewed somewhat by the arrival last year of newcomers Lotus, Virgin and HRT, all of whom are operating on low budgets, and the departure of big-spending manufacturers Toyota and BMW.

A major part in the dramatic progress has also been played, however, by the Resource Restriction Agreement (RRA) introduced by the Formula One Teams' Association (FOTA) – with the Martin Whitmarsh-led organisation keen to make further cuts.

Business Book GP states that defending double F1 World Champions Red Bull Racing as well as Sauber, Team Lotus and Virgin are all spending more in 2011 than they did in 2010, whilst Ferrari, McLaren-Mercedes and the reconstituted Lotus Renault GP have conversely slashed their outgoings, relying upon sponsors for more than half of their respective budgets. The Prancing Horse, however, still possesses the largest budget at €199 million, dwarfing the €34 million pot available to HRT.



Related Pictures

Click on relevant pic to enlarge
16.04.2011- Qualifying, Narain Karthikeyan (IND), Hispania Racing F1 Team, HRT
16.04.2011- Saturday Practice, Vitantonio Liuzzi (ITA), Hispania Racing F1 Team, HRT
09.04.2011- Saturday Practice, Narain Karthikeyan (IND), Hispania Racing F1 Team, HRT
15.04.2011- Friday Practice 1, Narain Karthikeyan (IND), Hispania Racing F1 Team, HRT
15.04.2011- Friday Practice 1, Narain Karthikeyan (IND), Hispania Racing F1 Team, HRT ,LEGAL NOTICE: THIS PICTURE IS NOT FOR CHINA
16.04.2011- Qualifying, Felipe Massa (BRA), Scuderia Ferrari, F-150 Italia
16.04.2011- Saturday, Felipe Massa (BRA), Scuderia Ferrari, F-150 Italia
16.04.2011- Scuderia Ferrari, F-150 Italia
16.04.2011- Qualifying, Felipe Massa (BRA), Scuderia Ferrari, F-150 Italia
17.04.2011- Race, Felipe Massa (BRA), Scuderia Ferrari, F-150 Italia leads Fernando Alonso (ESP), Scuderia Ferrari, F-150 Italia
27.03.2011- Race, Start, Fernando Alonso (ESP), Scuderia Ferrari, F-150 Italia
10.04.2011- Race, Start, Sebastian Vettel (GER), Red Bull Racing, RB7
10.04.2011- Race, Start, Felipe Massa (BRA), Scuderia Ferrari, F-150 Italia and Fernando Alonso (ESP), Scuderia Ferrari, F-150 Italia
10.04.2011- Race, start
10.04.2011- Race, Start, Felipe Massa (BRA), Scuderia Ferrari, F-150 Italia and Fernando Alonso (ESP), Scuderia Ferrari, F-150 Italia
08.04.2011- Friday Practice 1, Fernando Alonso (ESP), Scuderia Ferrari, F-150 Italia leads Narain Karthikeyan (IND), Hispania Racing F1 Team, HRT
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Calvin _

May 05, 2011 12:06 PM

I believe that the teams receive money based on where they finish the championship, with the top teams receiving more. Maybe they should just invert it, so that the bottom teams receive the most. Over time, this would equalise the teams and improve racing.



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