Menu
Leagues and Governing Bodies

F1 Red Bull Hoists Season Title With League's Second-Highest Budget At $382M

It is "accepted wisdom that in Formula One," the team with the "most money will win the most races," according to Brad Spurgeon of the N.Y. TIMES. As F1 staged its "last event of the season," it also delivered "the verdict in the real test of a team's strength, as defined by the 11 team owners and directors: who gets the most for their money." Despite "public perceptions that Formula One teams are having financial difficulties, there is plenty of money in the series." The team with the "biggest budget has not won the championship." Ferrari, with a series-leading estimated $402M, did not "win the title." Red Bull did, with the second-highest budget, $382M. Ferrari finished in third place. Mercedes ($259M) and Lotus ($211M), finished second and fourth, respectively. McLaren, like Mercedes, has a budget of $259M. Mercedes finished in second place, six points ahead of Ferrari, and McLaren beat out Force India ($162M) for fifth. Lotus and Mercedes clearly "have had far better results for their money than have Ferrari and McLaren." Mercedes Dir Ross Brawn said, "The principle is that a good big one will always beat a good little one." This, for team directors, is the "key to not only proving to the public which team is the strongest in sporting terms, but also in trying to appeal to sponsors and team owners, who want to get more results for less money" (N.Y. TIMES, 11/24).

SBJ Morning Buzzcast: May 7, 2024

The PWHL playoffs set to begin after record-breaking inaugural season; Smith Entertainment Group announces plans for Utah hockey franchise HQ; new title sponsors for the PGA Tour event in Charlotte and college football bowl game in Arizona.

Learfield's Cory Moss, MASN/ESPN's Ben McDonald, and Canelo

On this week’s pod, SBJ’s Austin Karp has two Big Get interviews. The first is with Learfield's Cory Moss as he talks about his company’s collaboration on EA Sports College Football. Later in the show, we hear from MASN/ESPN baseball analyst Ben McDonald on how he sees the college and professional baseball scene shaking out. SBJ’s Adam Stern shares his thoughts on the upcoming Canelo-Mungia bout on Prime Video and DAZN.

SBJ I Factor: Molly Mazzolini

SBJ I Factor features an interview with Molly Mazzolini. Elevate's Senior Operating Advisor – Design + Strategic Alliances chats with SBJ’s Ross Nethery about the power of taking chances. Mazzolini is a member of the SBJ Game Changers Class of 2016. She shares stories of her career including co-founding sports design consultancy Infinite Scale career journey and how a chance encounter while working at a stationery store launched her career in the sports industry. SBJ I Factor is a monthly podcast offering interviews with sports executives who have been recipients of one of the magazine’s awards.

Shareable URL copied to clipboard!

https://www.sportsbusinessjournal.com/Global/Issues/2013/11/25/Leagues-and-Governing-Bodies/F1.aspx

Sorry, something went wrong with the copy but here is the link for you.

https://www.sportsbusinessjournal.com/Global/Issues/2013/11/25/Leagues-and-Governing-Bodies/F1.aspx

CLOSE