Ever wonder how much a Formula One (F1) team would cost? With F1 growing globally at an exponential rate and new races added to the circuit, it’s no surprise to hear the valuations have skyrocketed over the last 3 years. With an average price tag of $1.5B, the sport has never been in as good a financial position as it is now.
See also: Mavericks of Motorsport: Lewis Hamilton joins Mercedes-AMG
Billions
According to Kurt Badenhausen at Sportico, the average valuation now sits at a whopping $1.5 billion. With over $3 billion in revenue generated last year, the sport continues to excel both on and off the track. Of course the meteoric rise of “Drive to Survive” on Netflix has created a new wave of fans further bolstering the global presence and profile of the sport.
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Ferrari in pole position
Taking the lead for most valuable F1 team is none other than Ferrari at a staggering $3.3 billion. In second place is Mercedes at $2.7 billion followed by Red Bull at $2.42 billion to round out the top 3. Although that may change as Red Bull continues to stack wins.
With a combined value of $15.3 billion, the dollars continue to flow into F1. The show only continues to expand as a new stop is added this year as Las Vegas looks to kick off its inaugural race this coming November.
See also: Premier Vegas F1 Experience now available
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Ryan Reynolds moves into F1
Hollywood actor, football (soccer) club owner, marketing genius and now F1 team owner. Ryan Reynolds has added to his incredible list of ventures by purchasing a quarter of the Alpine Formula 1 race team. This comes shortly after an unsuccessful attempt to purchase the NHL hockey team, the Ottawa Senators, but that hasn’t stopped Reynolds as he and his partners have quickly shifted. The deal is reportedly worth $218 million for a 24% stake.
