Toyota has $445.6m F1 budget

Toyota has almost ten times as much to spend this year as Super Aguri did
Toyota has almost ten times as much to spend this year as Super Aguri did

Last week’s astonishing events on the financial markets will surely have an impact on F1 sooner or later. Governments are supporting major financial institutions and others are going to the wall.

This will inevitably impact upon a sport like Formula 1 which devours money. New research shows the teams have over $3bn in resources this year. And Toyota has more money to spend than any other team but it is one of three outfits with over $400m to spend. Here are the astonishing figures that show the true cost of competing in F1.

2008 F1 team resources

Including sponsorship, supplier deals, prize money, team owner contributions, tyre provision and supply of customer engines where appropriate.

Toyota: $445.6m
McLaren: $433.3m
Ferrari: $414.9m
Honda: $398.1m
Renault: $393.8m
BMW Sauber: $366.8m
Red Bull Racing: $164.7m
Williams: $160.6m
Toro Rosso: $128.2m
Force India: $121.85m
Super Aguri: $45.6m

Total: $3,073.45m

2007 team cost per point

2007 team resources divided by points scored.

Ferrari: $1.9m
BMW Sauber: $3.3m
Williams: $4m
Red Bull Racing: $5.9m
Renault: $7.3m
Toro Rosso: $10.6m
Super Aguri: $19.4m
Toyota: $34.2m
Spyker: $52.95m
Honda: $57.2m
McLaren: No points scored

Average length of current sponsorships by team

Ferrari: 13 seasons
McLaren: 7.07 seasons
Toyota: 5.36 seasons
BMW Sauber: 4.27 seasons
Renault: 3.97 seasons
Williams: 3.83 seasons
Honda: 3.28 seasons
Red Bull Racing: 2.73 seasons
Force India: 2.16 seasons
Super Aguri: 1.88 seasons
Toro Rosso: 1.86 seasons

Source: Christian Sylt / Formula Money

26 thoughts on “Toyota has $445.6m F1 budget”

  1. great info keith….
    quite surprised that honda have such a big budget and still they are struggling…also whats with totyota…

    maybe they dont have much experienced staff…i dont know…just a guess..

  2. hm, so Red Bull spends less on 2 teams combined than Toyota on one. Red Bull has been in F1 since 2005, Toyota since 2002. One of Red Bull teams has won the race already, Toyota still nothing …

    And then look at Honda, the more they spend the deeper they fall … There goes the Japanese efficiency …

  3. $445.6m is about the same as Β£240m Keith – the typo in the title bar did make my jaw drop for a moment:) .

    Milos , you’re right in wondering where the Japanese efficiency has gone , Toyota still are underachieving given the amount of money they have spent.Honda would do much better if they stopped employing a motorbike designer as chief designer of their F1 car.

  4. francois

    “Honda would do much better if they stopped employing a motorbike designer as chief designer of their F1 car.”

    funny man…

    by the way renault have more money then bmw then why are the moaning abt teams secretly getting more power frm engine…

    they shud spend some money…

  5. Id be interested to see a proper investigation into CVC, the majority rights holders to F1. They borrowed heavily from Lehman Brothers (rip) to get into F1 and are now slightly concerned that their income streams are not where they should be. On the horizon it looks even worse as the teams are negotiating for 75% of the cash swilling around F1 rather than the current 47%. Bernie may be small of stature but hes no mug and this could be the biggest “pig in a poke sack” in history.

    But who are they? Why did they want in and what is there vulnerability now their backers are insolvent? From what ive seen they looked like a bunch of white socked ( albeit lacoste socks) sales boys.

  6. Toyota Shell out all this money!!!! and then choke when a bunch of engineers want to sup up a Lexus IS into an IS-F? what’s wrong with these people?

    and Honda? well i thought japanese culture was all agaist inneficiency.

    when you see it from this perspective, cost/point, you can tell which teams are the most competitive.

  7. As the old saying goes, it’s not what you’ve got it’s the way that you use it…

    Honda and Toyota have lots of cash available to them but, for whatever reason, they aren’t using it as well as McLaren or Ferrari. This isn’t a surprise, and I think it was once said of Honda or Toyota (or both, at different times) that it doesn’t have a budget for motorsport, it simply applies the resources it needs to win. So, are the big Japanese teams wasting their money on blind alleys, redundant technology, layers of middle management or what?

    Interesting to note that McLaren are outspending Ferrari, who were long assumed (until Toyota anyway) to have the biggest budget in F1 – feeling the pince from lower Marlboro spending perhaps?

    Also struck that Renault’s budget isn’t actually that much less than the likes of McLaren and Ferrari – Flavio usually boasts about how his team get the most from significantly lower resources. But they have a budget that’s as high as 88% or Toyota’s which seems rather more than I would have assumed a frugal, efficient team would have had. Certainly, it’s higher than BMW Sauber’s…

    Another interesting feature of these numbers is the difference between Red Bull and STR – not very much really. Does this indicate that the costs of designing and developing the cars come from the Red Bull Technology budget rather than either of the teams, or simply that they split costs between themselves?

    And to close with another old saying – how d’you make a small fortune from motor racing? Start with a large one.

  8. As ever great article.

    1) Do we know how much Bernie gives the teams per point from the TV rights?
    2) I’m also curious if the winning drivers and teams get a cheque after each race and if so how much?
    3) I’m always interested how the sponsors translate the sponsorship money the give to the teams into presumably increased business revenue terms.

  9. hey Maduari, Ya have some connection with Madurai, Tamil Nadu ? If so you’ll know better than anyone here how money disappear just like that…..You know..like how a contract for making road in Tamil Nadu takes 10 times more money and 2 times more time than the original planned time.

  10. Is McLaren’s 433 million or so before or after the 100 million dollar FIA fine imposed on them after the events in 2007?

    It’s still a shocking amount for a punitive fine (and the debate on whether it was appropriate or not has been done) but in the context of a season’s budget coupled with the observation that they are still within reach of this year’s constructor’s title (and the vague memory that they don’t have to pay it all at once) it does sort of illustrate that *if* someone actually *wanted* to punish them financially, then merely one order of magnitude less would pretty much fail to do so.

  11. Nick, was last years fine meant to cripple McLaren to the point where they could not compete this year? If so, they should have just banned them for a year.

    I believe the fine amount came from Max’s scheming pea brain as being sufficient to hurt McLaren’s competitiveness this year. Like all things dealing with Ron, Max underestimated him yet again.

    What I’d like to know is what the income to Ferrari and Toyota are from their engine supply deals, and what the cost is to produce the extra engines and services? I suspect they make a lot.

  12. I think these numbers are misleading in some ways. If I understand correctly, Toyota and Honda are relatively recent entrants into the full-fledged F-1 constructor business. It means they have to spend a lot of money building up the infrastructure and staff to the level of Ferrari and McLaren that have been players in the game for much much longer.

    For example, if Toyota wanted a wind tunnel they would have to go and spend (let’s say) $50 million this year. Ferrari already have one (or two) that was built several years ago and they probably only spend $5 – $10 million on its operating costs this year. Which means Ferrari has about $40 million at its disposal to gain an additional tenth per lap that Toyota does not.

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