New report reveals $4 billion value of F1

Posted: May 4, 2006 by Neeraj in External, Formula-One, News, QuickBits, Sponsors

As reported on pitpass.com

Formula One generated more than $4 billion (£2.17bn) in revenues in 2005, with more than $2.5 billion (£1.4bn) of this flowing to the teams.

Over a quarter of the total revenues is made up by spending from the team owners, who are believed to have plunged more than $1.3 billion (£708m) into their teams last year. This came mainly from the car manufacturers and dwarfed the amount that the teams made in sponsorship, at around $880 million (£480m), the second largest revenue stream.

TV and video game rights were the next biggest source of revenue for the sport, bringing in an estimated $395 million (£215m), while ticket sales and race sanction fees almost balanced each other out at $285 million (£155m) and $280 million (£152m) respectively.

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