$100 Mil????

[yoda]

United Press International - NewsTrack - Sports - McLaren racing team hit with huge F1 fine

Now there's a sport with some cash involved... Stick and ball can have their fist-fights, but the real players drive spaceships on wheels!!!

Wonder if that same fine will come down in the NFL if thet team that got caught streaming the opposing teams sideline plays to the other side of the field??

 

[vegasnitro]

The fine is somewhat misleading. The fine is $100 million LESS any revenues McLaren would have earned this season from the FIA based on their finishing position in the World Championship for Constructors. The Concorde Agreement is a carefully guarded document, so the actual payouts are not known only guestimated, but since McLaren were going to be Constructor's World Champions this year, it is believed they were going to get paid between $40 and $45 million, which quickly cuts their fine nearly in half.

The real kick in the nuts for McLaren will be funding for next season. McLaren's agreements with primary sponsors Vodafone, Mobil1 and Johnnie Walker are based on McLaren's finishing position in this year's championship. The FIA stripped McLaren of all points, so their funding for '08 will be greatly reduced. Also, to be eligible for the FIA/FOM '08 travel pay (showup money if you will) you have to at least score 1 point in the '08 Championship, so now McLaren will be coming out of pocket for all travel expenses in '08 (estimated to be between $10 and $12 million for the whole season).

Mercedes is said to be seething behind the scenes as well. They do not like to be associated with scandal, and the actions of McLaren have also cost them a World Championship for constructors. Mercedes owns 40% of McLaren, and most of Mercedes' European advertising involves the F1 team.

 

[Joker741]

Last I heard, these teams are spending between $350 - $400 Million a year to field two cars, with 300 - 500 people to support those two cars. With that kind of budget you could buy the pro pits and run them for years.

 

[vegasnitro]

Last I heard, these teams are spending between $350 - $400 Million a year to field two cars, with 300 - 500 people to support those two cars. With that kind of budget you could buy the pro pits and run them for years.

Toyota spent a BILLION dollars before a car ever turned a wheel (built a huge R+D center and Wind Tunnel in Cologne, Germany, hired 650 people straightaway and did a 2 year development program before a car was ever assembled). And they still have not ever won a race, and they have been in F1 since 2001.

Renault winning the last 2 World Championships was an absolute stunner, as they did it with about half the budget of Ferrari, McLaren-Mercedes, BMW-Sauber, Toyota and Honda. Even Red Bull is rumored to be spending more than Renault.

 

[T.Smith]

BAR is another one that comes to mind, spent a ton of cash with no results. Is that team still racing?

 

[UK_Nitro]

BAR is another one that comes to mind, spent a ton of cash with no results. Is that team still racing?

Hi Tony,

BAR are now running under the Honda F1 name.

For some insight, Red Bull racing who my dad works for have spent £500 million so far this year just trying to catch up with the top teams.

 

[vegasnitro]

Hi Tony,

BAR are now running under the Honda F1 name.

For some insight, Red Bull racing who my dad works for have spent £500 million so far this year just trying to catch up with the top teams.

As a long time follower of F1 and Concorde Agreement conspiracy theorist, I find 500 million pounds a highly dubious figure, even though Red Bull are technically running 4 cars if you include Scuderia Torro Rosso (formerly Minardi). 500 million GBP is nearly 1 billion US Dollars, which would roughly be 120% more money than any other team in F1 is spending (Toyota is widely regarded as having the largest budget at $400 million give or take, Ferrari and McLaren spend $300 million give or take). All estimates I have seen of Red Bull's budget have been in the $125-150 million range not including Torro Rosso (F1 racing magazine), which puts it right in line with what Jaguar were spending before Red Bull took them over. The difference is Red Bull do not have to develop a motor like Jaguar did, they lease their motors from Renault. Red Bull spends a ton on their hospitality area compared to other teams though.

 

[Mike]

Chris, then you will probably agree that F1 has had a hard-on for Ron Dennis ever since he was one of the teams that tried to split from Bernie a few years ago.

 

[UK_Nitro]

As a long time follower of F1 and Concorde Agreement conspiracy theorist, I find 500 million pounds a highly dubious figure, even though Red Bull are technically running 4 cars if you include Scuderia Torro Rosso (formerly Minardi). 500 million GBP is nearly 1 billion US Dollars, which would roughly be 120% more money than any other team in F1 is spending (Toyota is widely regarded as having the largest budget at $400 million give or take, Ferrari and McLaren spend $300 million give or take). All estimates I have seen of Red Bull's budget have been in the $125-150 million range not including Torro Rosso (F1 racing magazine), which puts it right in line with what Jaguar were spending before Red Bull took them over. The difference is Red Bull do not have to develop a motor like Jaguar did, they lease their motors from Renault. Red Bull spends a ton on their hospitality area compared to other teams though.

Sorry my error there. I meant to put $500m but i am too used to my currency!

Beleive it or not but that is true. They have spent a huge amount of money not just on the track but in there development area (Red Bull Technology).

They spend an awful lot of stuff for testing that they never use. So much in fact they have over 5 different cars at the factory right now all going different design routes. Thats a huge amount.

Jaguar did not have to develop an engine. That was a Cosworth engine rebadged. Cosworth is not owned by Ford.

Red Bull Racing may well be spending a lot more next year. Alonso was at the Factory two weeks ago...

Sorry about the original post, i added all there spends up, not just the car itself.

They also hold a good party too!

 

[vegasnitro]

They spend an awful lot of stuff for testing that they never use. So much in fact they have over 5 different cars at the factory right now all going different design routes. Thats a huge amount.

Jaguar did not have to develop an engine. That was a Cosworth engine rebadged. Cosworth is not owned by Ford.

Red Bull Racing may well be spending a lot more next year. Alonso was at the Factory two weeks ago...

Sorry about the original post, i added all there spends up, not just the car itself.

They also hold a good party too!

Cosworth was owned by Ford when they were running the Jaguar F1 team and almost 50% of Jaguars budget was funneled to Cosworth and Pi for engine, gearbox and electronics systems development. So technically yeah, the Jaguar lump was a re-badged Cossie, but there never would have been an engine to badge if the money didn't come from Ford/Jaguar F1. Only after selling the F1 team to Red Bull did Ford sell Cosworth to Kalkhoven (who had no choice but to buy Cosworth, otherwise Champ Car would have had no engines).

I know Red Bull have the genius that is Adrian Newey on board now, but if they are trying to run 5 concurrent development programs going in 5 different directions, they are in a lot of trouble and ultimately is a huge waste of resources.

Alonso wants out of his McLaren contract because they won't make him the #1 driver, and he feels they prefer Hamilton. Well cry me a river. McLaren has never named a number 1 driver (not when they had Prost and Lauda, or Prost and Senna, or Hakkinen and Coulthard, or even Montoya and Raikkonen), and they probably never will, everyone knows this about McLaren going in, so why would Alonso expect anything different? SHUT UP AND DRIVE FERNANDO. One last point about Alonso and I'll leave him alone for now ... if he doesn't feel like he is #1 in the team, why was he receiving the stolen Ferrari data and not Hamilton? Hmmmm......

And you are right about the Red Bull parties ... they are always the hot ticket in the paddock. One of their transporters is basically a rolling club going from circuit to circuit (except France, Red Bull is banned there).

 

[Bazzil]

In a humerus twist, the FIA have inadvertently released some of the secrets to the public

Formula 1 : News FIA - F1-Live.com