Formula 1
Formula 1 is the pinnacle of open-wheel, single-seater car racing and arguably the highest level of any motorsport globally. Also... There's more... is a multi-million-dollar sport with multiple revenue streams, including team sponsors.
F1F1 is the pinnacle of open wheel, single seater car racing and arguably the highest level of any motorsport globally.... There's more... teams need to pay extraordinary amounts of money to enter a season, never mind building a competitive car, paying hundreds of staff members, and employing drivers. This is where the cost of F1 sponsorship
Sponsorship provides opportunities for companies to partner with F1, exposing their brands to millions of viewers while providing necessary funding... There's more... comes in.
It can cost anywhere from hundreds of thousands to hundreds of millions to sponsor an F1 team. Sponsorship varies massively across the grid
The grid is a reference to the starting order of the race is typically determined by qualifying, however, with the... There's more.... F1 sponsorship costs vary depending on a number of factors, including which team is involved and even where on the car the sponsor’s logo appears.
Text adapted from flowracers.com. Read the full article and their extensive F1 knowledgebase – here
