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Our budget is similar to that of an F1 team - Pirelli

Paul Hembrey, motorsport director of Pirelli, has admitted that the budget for their Formula 1 efforts mirrors that of a fully fledged team. Pirelli will soon find out whether they have beaten Michelin and secured another contract as the sport’s sole tyre supplier from 2017 onwards. The Italian company has revealed that part of the consideration of reapplying for their current position was the escalating costs of developing new rubber partnered with sponsorship deals. Hembery, whose company’s F1 budget is rumoured to be around £70 million ($110m) - more than Manor spend and almost equal to Sauber - stated that the public does not fully appreciate the Italian’s...
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