Notes from Dr. Borkosky

A pair of massive, though arguably fortuitous, points hauls in Germany and Brazil propelled the team to sixth place in the championship, equalling its previous best finish 11 years earlier. The Halo, a titanium structure above the car’s cockpit, is a brilliant F1 invention which protects the drivers from debris flying off from other cars. The cost cap applies equally to all teams. You may opt-out by.

Though outwardly similar, much has changed at Racing PointAlthough still F1’s ‘pink team’, much changed at Racing Point after a consortium headed by Canadian billionaire Lawrence Stroll last year saved the team from bankruptcy.

Still, unlike previous years, all 10 teams made it through the year without visits from bailiffs, and this situation is expected to continue through 2020, with the subsequent new era promising all change and heralding improved stability for all. The three outfits based outside Britain are Switzerland’s Alfa Romeo, Italy’s famous Ferrari squad and Red Bull’s junior team Toro Rosso. I bet you cannot grow viewership / fan engagement with more stability. Hopefully the latter will come with the cost caps, but the other issues still need a lot of work. On the other hand, minnows like Haas spend less than what the two giants spend on it.

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Tail-ender Williams had a similar spend despite having a full manufacturing facility – neatly demonstrating the vastly different business models adopted by teams. His $19.5m signing cost includes a $13m base salary plus $6.5m to buy the world champion out of his Mercedes contract. The steering wheel and gearboxes are there for drivers controlling the cars in the race tracks.

Haas might have less staff but they spend as much as (or just $5M less than) the other teams here. They have been advised throughout this process by financial experts Deloitte, who have significant experience, knowledge and expertise regarding cost control regulations in sports competitions around the world. Swiss companies aren’t required to file public financial statements so that puts the brakes on analysis of Alfa Romeo’s finances. F1’s prize money is paid in arrears the year after it is earned so Toro Rosso’s haul in 2018 was based on its seventh place in 2017.

James (@knewman) 27th December 2019, 17:41. Add in engine departments, and these numbers swell by up to 50%. Williams F1 recorded an estimated loss of $25m for the year, partially off-set by WAE income. The basic fund, worth $700m, is distributed according on two “columns”, with all teams to be classified in the top ten of the FIA constructors championship at least twice over the previous three years receiving an equal share of ‘Column 1’, while ‘Column 2’ is disbursed based to a sliding scale table.

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