The yearly valuation of the most famous racing series in the world demonstrates once again that reputation and a great name may cost more than temporary success. However, if the team’s only past is one of glory, this will not assist.
Championship teams are currently worth $1.88 billion. This is a 276% increase over 2019. The average cost of a Formula 1 team was then projected to be $500 million.
1. Ferrari – $3,9 billion
“Ferrari” is linked with “Formula 1”: red vehicles have competed in this series from its inception in 1950. Scuderia is now fourth in the rankings, but it has won 16 Constructors’ Cups in its history, seven more than the nearest competitor.
By the way, if you find yourself in Abu Dhabi, visit the amazing place Ferrari World. As the name itself says, the park is associated with a sports car: all park entertainment belongs to this brand. In addition, here you can find a Formula 1 simulator, a real roller coaster, and many other places and unique attractions. There you can even rent a Ferrari California on which you can ride on public roads. The UAE in general is a true paradise for luxury car lovers, and you do not have to be a billionaire, as you can just rent it. Whether you want to rent exotic cars in Dubai like luxury Lamborghini or Maseratti, or any other car you have ever dreamed of, various rental services will let you try the sophistication, adrenalin, and speed of the best models.
2. Mercedes – $3,8 billion
Following Brown’s acquisition by Mercedes in 2010, the team won eight Constructors’ Cups in a row from 2014 to 2021. The year 2022 was miserable, but now the Silver Arrows are back to second place in the current 2023 season rankings, thanks to the tandem of drivers – the legendary Lewis Hamilton and young talent George Russell.
3. Red Bull Racing – $2,6 billion
Red Bull ended Mercedes’ streak of victories by winning the Constructors’ Cup last year, and they are almost certain to win it again this year: Max Verstappen won eight of the ten league races, while teammate Sergio Perez won two more.
4. McLaren – $2.2 billion
Of the existing teams, only Ferrari has been in the championship longer than McLaren, which made their début in Formula 1 in 1966. The team had a challenging beginning to the 2023 season, but Lando Norris finished second in the British Grand Prix in July, demonstrating its ability to succeed once more.
5. Alpine – $1.4 billion
The team, which was previously owned by Renault (thus the name), recently disclosed the sale of a large minority portion (24%) in its shares to RedBird Capital Partners and Otro Capital. Three Hollywood stars were among the investors: Ryan Reynolds, Rob McElhenny, and Michael B. Jordan.
6. Aston Martin – $1.375 billion
Aston Martin struck a contract with two-time world champion Fernando Alonso at the end of last season, and the team is obviously on the rise in the 2023 championship, having already moved to third position in the Constructors’ Cup standings and secured a package of important sponsors.
7. AlphaTauri – $1.125 billion
One of two teams held by the Red Bull corporation. In a short time, a significant rebranding will take place, and the present team boss, Franz Toast, will be replaced by Ferrari’s racing director, Laurent Mekis. Meanwhile, Alfa Tauri’s 2023 season was highlighted by the unexpected invitation of Daniel Ricciardo instead of Nick de Vries.
8. Alfa Romeo – $900 million
The team will drop its name “Alfa Romeo” next year before changing to “Audi” in 2026. In January 2023, the German carmaker purchased a minority investment in the team and expects to enter the championship as an engine manufacturer in the 2026 season, as new rules regulating the use of synthetic fuel in races are implemented.
9. Haas – $780 million
The series’ youngest team, having only joined in 2016, and the only one located in the United States, with headquarters in Kannapolis, North Carolina – the same location as the Gene Haas-owned Nascar series team.
10. Williams – $725 million
Williams is one of the most illustrious Formula One teams, having started the competition in 1977 and winning 9 Constructors’ Cups – only Ferrari has more. However, the last of these victories was in 1997, and the British squad has had numerous poor years since then.
The establishment of expenditure constraints on teams, as well as the rising popularity of Formula 1 in the US and significant media coverage (including the launch of the Drive to Survive series on Netflix), have all contributed to the growth in team costs.
