Funding

F1F1 is the pinnacle of open wheel,  single seater car racing and arguably the highest level of any motorsport globally.... There's more... is an expensive sport with significant costs for developing and building the car, drivers, engineers, replacement parts, developmentF1 is a race off the track as well as on the track, with teams fighting to develop the fastest... There's more... throughout the season as well as development on the following year’s car.

Even in this new cost capThe cost cap, or budget cap, is the amount of money a team can spend on the car's performance in... There's more... era, funding is critical to a team’s ability to enter a competitive car with a world class driverOK, so we all know what the driver is, right. I've always liked the description that F1 drivers are like... There's more.... 

Teams derive income from a share of F1 profits, prize moneyPrize money is a significant part of the. funding structure for an F1 team. Teams receive a share of the... There's more..., sponsors, a pay driver and car company affiliations.