Formula One’s Most Valuable Teams: Ferrari And Mercedes Gain Ground Amid A Cost-Cutting Tug-Of-War

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Formula One’s Most Valuable Teams: Ferrari And Mercedes Gain Ground Amid A Cost-Cutting Tug-Of-War
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Here are Formula One's most valuable teams of 2019:

Ferrari once again leads the way as Formula One's most valuable team, now worth $1.35 billion.In early November, Lewis Hamilton took second place at Austin’s Circuit of the Americas, finishing just a few seconds behind teammate Valtteri Bottas. The runner-up finish secured enough points for Hamilton to clinch his sixth Formula One championship, leaving him just one shy of matching Michael Schumacher’s record.

Much of Hamilton’s on-track success has been made possible by the simple fact that his team, Mercedes, is willing to outspend the competition: The German-owned outfit shells out some $430 million per year, more than double what most F1 teams are able to spend in a given season. And Mercedes has subsequently been untouchable on the track, winning each of the last six championships with ease .

There’s nothing new about that massive wealth gap or the way it distorts on-track competition in the world’s most expensive sport. But those issues are suddenly at the forefront as F1 owner Liberty Media prepares to implement long-awaited cost-control measures, among. The end goal is a renewed series defined by exciting racing and financial viability, but those changes will erode some advantages currently held by the sport’s top teams.

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