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Formula One and the $100 coathanger
Some involved in F1 are feeling the pinch. Some. Getty Images Enlarge The huge costs facing teams competing in Formula One have been revealed by the Times with reports that they are hit with massive costs by circuits desperate to recoup as much money as they can in the face of huge charges imposed by the sport. F1 in figures £536m Dividend taken by CVC Capital Partners from Formula One as the sport's major shareholder£446m Amount paid to the 11 teams£272m The amount paid to the top four teams - Mercedes, Red Bull, Ferrari and McLaren - leaving £174m divided between the other seven The report says that teams pay an average charge of $300,000 (£180,000) every race weekend for hiring...
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