What is the price of formula one team?

Question

What is the price of formula one team?

Answer 1

If you asking, you can't afford to.

Anyway, it depends on what team.

Answer 2

In March 2007 F1 Racing published its annual estimates of spending by Formula One teams. The total spending of all eleven teams in 2006 was estimated at $2.9 billion. This was broken down as follows; Toyota $418.5 million, Ferrari $406.5 m, McLaren $402 m, Honda $380.5 m, BMW Sauber $355 m, Renault $324 m, Red Bull $252 m, Williams $195.5 m, Midland F1/Spyker-MF1 $120 m, Toro Rosso $75 m, and Super Aguri $57 million.

Costs vary greatly from team to team; in 2006 teams such as Honda, Toyota, McLaren-Mercedes and Ferrari are estimated to have spent approximately $200 million on engines, Renault spent approximately $125 million and Cosworth's 2006 V8 was developed for $15 million.[43] In contrast to the 2006 season on which these figures are based, the 2007 sporting regulations ban all performance related engine development

Answer 3

To form a team - no capital cost but I'd budget about US$1 billion for the first few years if you want to get somewhere.  That does not include the Formula 1 licencing fee which I think is just under $50 million.  

If you buy an existing team you can avoid the licencing fee but you need to find a team that is worth owning and that is for sale.  Try Toro Rosso; it can be yours for a mere $200 million or so (I'm guessing here Herr Mateschitz!!) and will need a further $200 million per year to maintain current operations, some of which can be sourced from sponsors, television money and prize winnings.

Answer 4

Just have infinite money...and buy Force India and change their McLaren copy-cat color scheme please.

Answer 5

it is about 5 million dollars because of the car (1 million) and all the other parts you need(tools, tires, etc) plus all the repairs and you have to pay your crew too.