Mercedes recorded highest income ever in 2019
F1 News
- GPblog.com
The Mercedes team have been unbeatable since the V6 turbo era. The German team have won every title possible since then. And they're making a lot of money, too.
Starting next season, Formula 1 teams will not be allowed to spend more than $145million in a season. This is the hope that the teams will come closer together on the track. However, a number of important topics are skipped in the budget cap: the salary of the top management, the drivers are exempt and marketing is not part of cap either.
Highest income ever
Mercedes recorded their highest ever income total last season. The team spent £333million according to Motorsport.com. Mercedes earned the most money from sponsorship and the F1 prize money.
The figures reveal that the external income was so large that a net profit of around £30million was made by Mercedes-Benz as a marketing contribution. The number of employees also increased significantly. Last year, 35 new employees were added to the design, production and engineering side.