Sports
Author: Sharan Sanil
Image Credits: @AlpineF1Team
Image Credits: @AlpineF1Team
Earning a respectable $195 million in revenue per annum, Renault's Alpine team costs $7 million to run, resulting in one of the more financially uncomplicated teams on the grid. The team pays a combined $25 million for the driving services of Alonso and Ocon, the latter taking home the lion's share.
Image Credits: @McLarenF1/Twitter
Image Credits: @McLarenF1/Twitter
McLaren seems to have bounced back with a decent performance this year after three lacklustre seasons. The team reported a $165 million revenue, and cost a staggering $137 million to run back in 2019 - a major financial crisis that nearly knocked them off the grid. The team pays drivers Norris and Ricciardo a combined $20 million.
Image Credits: @RedBullRacing/Twitter
Image Credits: @redbullracing/Twitter
With one of the most unusual business plans in the racing world, Red Bull has been quite successful as one of the few teams that actually operates with a positive operating income of $1M, earning them $327M across a year. Red Bull also pays their drivers Perez and current champion Verstappen an eye-watering $43 million.
Image Credits: @MercedesAMGF1/Twitter
Image Credits: @MercedesAMGF1/Twitter
As one of the most high-profile, winningest sports teams on the planet, Mercedes' business operations are pretty watertight, earning them the highest F1 annual revenue of $451 million. They don't skimp on paying Hamilton and Russell though - combined, the two make 45 million, with 40 going directly to the 7-time Champ.
Image Credits: @ScuderiaFerrari/Twitter
Image Credits: @ScuderiaFerrari/Twitter
As the most-succesful and longest-racing team in F1 history, it's no surprise that Ferrari rules the roost, even if their revenue is a bit lower than Mercedes' at $426M per annum. Bucking tradition, Ferrari also has a very equal pay structures for drivers Sainz and Leclerc, who both cost $22M combined, at almost the same rate.