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Formula One (F1) - and more...

Monday, March 06, 2006

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Fiji,Mongolia, Bhutan, Barbados, Antigua, San Marino, Rwanda and Laos. So what do these countries have in common? That you wouldn't be able to put your finger on the map if asked to locate these places? Probably yes, but there's something else thats common to these countries. They are all 'cheaper' than F1. To put it simpler, the GDP of these countries is lower that $2.6 billion, the amount of money that F1 teams spend in their quest to win the Driver's and Constructor's trophies.

'F1 racing', the magazine, has come up with some mobile phone like numbers which are claimed to be the costs involved in organizing F1. Spendings range from salaries for drivers to buying umbrellas for the pitbabes in hot Baharain. Ok, now a closer look at the pie.

So who spends most of this money? That answer is simple. 'Toyota'. Spending close to a thumping half a billion US dollars, Toyota takes pole position ahead of Ferrari which comes in with a $ 437 million budget. Renault, which happened to win both the Driver's and Constructor's trophies sauntered along with a mere 200 million dollars. Some efficiency, isn't it? Oh, not only that, perhaps its drivers came a bit 'cheaper'. Michael Schumacher, who happens to be 'unemployed' according to Swiss records takes home an amount thats greater than the GDP of a country named "São Tomé and Príncipe".

For the sake of statistics....

1. It takes close to a million dollars to put one Minardi on track per race.
2. It costs $12 per second in wear and tear just on the wheels, brakes and engines.
3. Redbull and Toyota spent close to fifteen and a half million dollars on 'Corporate Hospitality'.

It's a smoke free world, isn't it?

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