Revealed: What F1 teams really spent in 2017
Our annual study of Formula 1 budgets looks at the ups and downs of Liberty Media's first year in charge
The 2017 season started amid great enthusiasm about Formula 1's commercial future. Liberty Media had completed its purchase of F1's commercial rights, placing an enterprise value of $8billion (£6.15bn) on an activity with annual revenues of around $1.8bn (£1.39bn). Of that, 10 teams got to share - albeit inequitably - approximately half.
Their collective slices - crucially, calculated on earnings - totalled around $900million (£690m), disbursed in 10 monthly instalments during 2017 by the operating company, Formula One Management.
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