Do you know?
Formula 1 teams like McLaren, Ferrari, and Red Bull spend approx. 320 million USD per year. This spending includes Car Cost, driver cost, team management cost, and many other small extra costs.
Fact 1: The Formula 1 automobile racing is the highest class of single-seater auto car racing sanctioned by the Fédération Internationale de l’Automobile (FIA) and owned by the Formula One Group. The “formula” in the F1 name refers to a set of rules that all participants need to follow.
Fact 2: The distance of a Grand Prix may not exceed 305 km, and no race may last for more than two hours.
Fact 3: The first motoring contest took place on July 22, 1894, and was organized by a Paris newspaper, Le Petit Journal.
Mark Kislowski 