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Old 07-30-2009, 01:15 AM   #13
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Location: Calgary, Canada
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Originally Posted by DTM925 View Post
It's rumored that Ferrari spends around 900 million per season in F1. If BMW is anywhere in range it's wise to pull out. This season has been a disaster! However they will be leaving two talented drivers ride-less for 2010. It will be interesting where they'll end up.
Actually, Ferrari spends around $450m-$500m on their F1 team. They also pull in the same amount in sponsorship, prize money, TV money, etc. Ferrari AFAIK operates their F1 team at a small profit.

BMW's target was to win the F1 championship this year. They're not even close to doing it, so they called it quits. BMW won't be pulling in the dollars like Ferrari, so they're probably operating at a loss of under $50m. Their board never mentioned the economy in the press conference, just poor performance, and realigning BMW's image towards "sustainability and environmental compatibility", whatever that means.

Honda's pullout last year was a mix of poor performance and $. Honda had no sponsors, so they were probably losing $250m-$300m a year!
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