Why is Porsche not in F1?
The High Costs of Formula 1 F1 teams are also continuously innovating, another race that can result in increased expenditure without any surety of success. Porsche’s decision to forgo having an F1 team is, in part, a strategic move of not wanting to invest wildly in the highly competitive arena with undecided returns. The Formula One Group is owned by Liberty Media, which acquired it in 2017 from private-equity firm CVC Capital Partners for US$8 billion. The United Kingdom is the hub of Formula One racing with six out of the ten teams based there.Investing in Formula 1 Sponsors and Suppliers Another way to invest in the world of Formula 1 is through companies that sponsor or supply components to teams. For example, companies such as Brembo and Pirelliare involved in supplying essential components for Formula 1 cars.
Why is Lamborghini not in F1?
So why doesn’t Lamborghini have an F1 team? Lamborghini’s parent company, Volkswagen AG, now have other brands involved in F1. Porsche it set to become the engine manufacturer for multiple teams and Audi will have their own team. Lamborghini did try racing in F1 for a few years in the early 90s, but it did not go well. German car manufacturer Audi is contracted to compete as a Formula One team and power unit manufacturer beginning with the 2026 season. Revolut Audi F1 Team will be formed through the acquisition of Sauber, with engines developed by Audi Formula Racing GmbH.
How much did the Audi F1 team cost?
Purchasing the Swiss team while setting up its own bespoke F1 engine facility at the Audi Neuburg base has come at immense cost. Based on the original deal for 75%, acquiring 100% of Sauber has likely cost around $600million. The engine development will likely have a nine-figure cost attached to it too. How much did Audi pay for Sauber? Neither Sauber nor Audi has produced any official figures on the takeover deal, but paddock whispers suggest that the initial sum — for 75% of the business — was somewhere in the region of $450m (£353m), which would give Sauber a value of around $600m (£470m).
Why is BMW not in F1?
Combined with the global financial recession and the company’s frustration about the limitations of the contemporary technical regulations in developing technology relevant to road cars, BMW chose to withdraw from the sport, selling the team back to its founder, Peter Sauber. BMW pulled out of Formula 1 at the end of 2009, having owned and collaborated with the Sauber team – which is now owned by Audi ahead of that German marque’s 2026 F1 entry. Further explaining BMW’s ongoing F1 snub, van Meel added: The (WEC) cars are closer to series-production models.Audi are preparing to enter Formula 1 in 2026, with a major partnership now being put in place. The future Audi F1 Team have announced global financial technology company Revolut as their title partner from the 2026 season onwards.