Can a £310m F1 budget be justified?
The recent financial filings for UK-based Formula 1 teams revealed that Mercedes spent a staggering £310m to win the 2017 world championships. But the true cost to the team's parent company is much lower and there is a similar case at Red Bull.
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How can a Formula 1 team spend nearly £310million on running two cars for a season - especially when that's not even taking engine development costs into consideration? It's a question that must surely be giving a lot of people in the championship food for thought, not least Liberty, which is trying to get teams to reduce spending and make the business a profitable one for everybody.
That figure, you may not be surprised to know, relates to what Mercedes spent solely on its race team to win the 2017 drivers' and constructors' world championships. However, it's important to stress that only a small proportion of that - around £60m - was actually spent by parent company Daimler AG.
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