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Formula One: An Embarrassment of Riches?

Despite Formula One racking up profits reaching over £300 million over the last year, 2013 saw both the Lotus and Sauber teams in a public battle for financial survival. How is it that teams in a sport so flush are forced to fight to survive financially? Does Formula One still remain financially viable for privateer teams in 2014? Dan Paddock investigates. When the commercial rights holder of Formula One, CVC, reports earnings of over £500 million, £300 million of that believed to be profit, over the last financial year, one feels pressed to ask how it is that the very same week, Marussia, a team entering its fifth year in the sport can post a record loss of £59 million. Is it...
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7mo ago from RichlandF1.com 0
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