It keeps the owner happy but it is tougher to keep the team ticking over. However, if the owner of a team is a company which sells products, such as Mercedes, Ferrari or Red Bull, the benefit they get whilst the team runs to break-even comes from television exposure of their logos on the cars.
If the owner is a private individual, such as Sir Frank Williams who has a 50.8% stake in his eponymous team, they can take an annual salary. Team owners can get a financial return from selling a team in the long run and can also profit when it is running to break-even. Victory on track increases a team’s ability to bring in more money from sponsorship since brands are prepared to pay more to be associated with a winner. The theory is that it is better to win on track and make no profit than make money and finish low down the standings. Some even pump in more than they make in revenue with the additional funds usually coming from the owners’ pockets or debt. Instead they judge their performance on racing results and tend to spend all of their income on this in a bid for victory. Unlike most businesses, profit is not the barometer of success for F1 teams. However, curbing spending would put the brakes on the teams’ losses which came to a total of $111.8 million (£90.9 million) in 2016. It could be compared to inviting Usain Bolt to run in a sprint race and then telling him that he has to hop. Instead of boosting the performance of the back markers a cap would bring the top performers down to their level. F1 has failed every time that it has tried to implement a cap in the past but Liberty is undeterred. It will reportedly be limited to $150 million (£107 million) which would only be within striking distance of five teams, including Sauber as it is believed to have the smallest budget. Liberty wants to give their dominance the red light by introducing a cap on budgets in 2021 when the teams’ contracts expire. Both teams have publicly threatened to quit F1 if drastic changes are made to the series. It could explain why Mercedes has won the championship for the past four years running with its closest competitor being Ferrari. The biggest teams have the deepest pockets so can outspend their rivals in a bid for victory. The cars are at the forefront of technology so increased investment can drive developments which make a difference on track. Tucked inside each car is around 1.25 kilometers of wiring and around 200 sensors, some of which give readings up to 1,000 times per second. Revealed: the cost of keeping an F1 team's wheels turning The more a team spends, the greater its chances of success and there’s a simple reason for this. However, since Ferrari listed on the New York Stock Exchange in 2015 it has had to boost its level of disclosure which has lifted the lid on the finances of its F1 team as Britain’s Independent newspaper revealed. Instead, Ferrari’s F1 team is a division of the auto manufacturer so its financial statements are for the company as a whole. Italy’s most famous team Ferrari is a bit tougher as it isn’t incorporated. Likewise, you can also find the financial statements for the subsidiary of French auto maker Renault, which produces the engines for its UK-based F1 team. If you know where to look, and can translate Italian, you can get its financial statements and those of the Toro Rosso team, which is also based in Italy and is owned by energy drinks giant Red Bull. The American-owned Haas team is run by a UK company but also has a sister outfit in Italy that provides design support. This author’s consultancy firm Formula Money has been analyzing the finances of F1 teams for more than a decade, and this involves looking far beyond the confines of the UK. We’ve crunched the numbers to see how Salah’s numbers in 2021-22 compare to Suarez’s figures from the 13-14 campaign.Seven of the teams have to file annual financial statements because they are based in the United Kingdom. That reveals what is going on under their hoods, but it is only part of the story. The Egypt international has consistently banged them in since and, remarkably, has looked set to enjoy his best season yet in a Liverpool shirt.īut how does Salah’s record compare to a former talismanic Liverpool forward? Luis Suarez was equally outstanding during the 2013-14 season, winning the Player of the Season award and almost guiding the club to their first league title in 24 years. Salah, who signed for Liverpool back in 2017, enjoyed an incredible debut campaign for the Reds that culminated in him scoring 32 Premier League goals – a record for a 38-game season.
Mohamed Salah has enjoyed an excellent first half of the 2021-22 season having scored more goals than any other Premier League player.
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