![]() Related: 17 Secrets Why Many Formula 1 Drivers Live in Monaco There is a lot more to how formula one makes money that just the prize money at the end of a season. With all the logistics, car development, driver salaries and part replacements, this revenue becomes very critical to the success of the F1 sport. The money that is generated by formula one is important as it helps to fund the operation of the sport. These are the primary sources of F1 revenues and how formula one makes money. How Does Formula One Make Money?į1 teams earn money from arranged funds from Formula One management, sponsors and partnerships, investment from parent manufacturers, and other financial arrangements.įormula One also makes money from broadcasting fees or TV commercial rights, advertising, race promotion fees or fees for hosting races and merchandising. So I went deep into research, to find out how formula one makes money, how the teams and the drivers make money. Up to that point I had not really focused on this. As an entrepreneur, you might wonder, how does formula one make money?Īs we watched the Turkish Grand Prix in 2020, a friend of mine asked how does formula one make money? It is an exciting sport and enjoyable especially if you love speed, and the science behind the F1 racing cars. I have become an ardent fan and supporter for formula one racing.
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