How is it different to other motorsport
Formula 1 is different from other motorsports because it combines elite engineering, global prestige, and intense strategy in a way that no other racing series does. Unlike spec series, where all teams use the same equipment, F1 teams design and develop their own cars, pushing the limits of aerodynamics, materials, and hybrid engine technology. Races take place on a mix of traditional circuits and challenging street tracks across five continents, giving F1 a truly international reach. The sport also places a strong emphasis on data analysis, tire strategy, and pit stop precision, making races not only about speed but also about split-second decision-making. This unique blend of innovation, skill, and spectacle sets F1 apart from other forms of motorsport.
How do f1 teams make money
Formula 1 teams make money through a combination of prize money, sponsorships, merchandising, and, for some, parent company support or independent business ventures. A significant portion of their income comes from the F1 revenue distribution model, where teams are awarded prize money based on their performance in the Constructors' Championship and their historical standing in the sport. Sponsorship deals are another major source of revenue, with brands paying millions to have their logos displayed on cars, team gear, and driver suits. Teams also generate income through merchandise sales and licensing, while some, like Ferrari or Mercedes, benefit from their parent companies’ financial backing. Additionally, top teams may sell technical expertise or components to smaller teams, further diversifying their income streams.
