F1 » Mercedes accounts show spiralling cost of F1

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Williams F1 reported in their Financial Statements, which you can download online, that they employed 515 people and had income of approximately 160 million dollars. And they made money. It is difficult to comprehend how the respective boards of directors of the top teams can drive up their spending over costs to levels well beyond what they would do in any of their other businesses. Maybe we don't need a spending cap. Maybe we need a rule that says teams can spend what they want provided they present their audited statements at year's end to prove they made money, and if did not, be required to reduce their staff by an amount proportional to the deficit for the next year.

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