Most valuable Formula 1 teams as Lewis Hamilton makes switch and sport gets astonishing Drive to Survive boom ...Middle East

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To say Formula 1 is booming would be one hell of an understatement. Even off the back of the most uncompetitive season in the sport’s history, the ten teams on the grid are worth an average of £1.49billion, according to the latest calculations. Verstappen is dominating F1, but cash is still flowing in to the other nine teams tooGetty There’s little sign that profits will relent either, with F1’s decision to implement a cost cap in 2021, stopping unrelenting spending among the big teams and moving towards profitability to keep a healthy 20-car paddock. So beneficial has the move been for the current teams that Red Bull recently turned down an astonishing $1billion [£790million] of

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Last updated : 29 February 2024 clock 02:32 PM

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