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28 Jun 2014, 17:30 (Ref:3427539) | #51 | |||
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The fact that lap times are consistent and in some cases lower now is due also to many factors; better track surfaces, faster flowing corners, better rubber and "improvements" in the handling department, amongst others. |
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28 Jun 2014, 19:08 (Ref:3427578) | #52 | ||
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29 Jun 2014, 08:37 (Ref:3427746) | #53 | ||
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If we used inflation adjusted figures for 2014 then we could allow the price to rise to an equivalent of 350,000 pounds per engine. Given that one teams Mercedes power unit bill is approximately15.9 million pounds, that would still buy 45 engines at 2014 prices or nearly 2.5 engines (at modern equivalent prices) per race when we are in an era that requires one engines last 4 races on average. The 100,000 quid Ford stomped up for the development costs would have a value of 4-5 million today. As F1 has grown over the 46 years since 1968 expenditure has multiplied several times the rate of inflation but are we seeing better racing? Is F1 better? Or healthier for it? |
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29 Jun 2014, 08:59 (Ref:3427752) | #54 | |||
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Win win... |
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Happy David Thexton Day, 21st March 2003 “I am not uncertain” - Dollar Bill Stern, Billions “Fear stimulates my imagination” - Don Draper, Mad Men “Everybody Lies” - Dr Gregory House |
29 Jun 2014, 09:07 (Ref:3427756) | #55 | ||
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Teretonga, as interesting as your post is, and trying not to be disparaging, but it is fairly meaningless in today's world; there are just too many unknowns.
You say McLaren purchased 5 engines in '68. Was that for just one car, or two? How many rebuilds were required during the year, and did they have to purchase any more from Cosworth or other sources during the season? And so on and so forth. Lastly, as I alluded to before, unless anyone has access to the financial records of both Ford Motor Co. and Cosworth, we will not know by how much, if any, that Ford subsidised each engine? Yes, it is on "record" that Ford gave Cosworth £100,000 as initial seed money, but do we really know if that was the actual limit to their financial assistance? And a final lastly, in this post at least, it is nigh on impossible to compare those days to current Mercedes' pricing structure. How much is the actual cost of the power-units (which are far, far more complex than anything seen before) and how much is to partly repay the development costs? Are Mercedes making a profit on the PUs, or are they making a loss because they have to maintain the costs to a certain level because they are mandated to by the FIA? But as you concluded - are we seeing better racing or is the sport healthier for current trends? The answer to both is a resounding NO ! |
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29 Jun 2014, 09:12 (Ref:3427759) | #56 | ||
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Red Bull Renault isnt dominating. That is winning favour in many fans' eyes
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Happy David Thexton Day, 21st March 2003 “I am not uncertain” - Dollar Bill Stern, Billions “Fear stimulates my imagination” - Don Draper, Mad Men “Everybody Lies” - Dr Gregory House |
29 Jun 2014, 17:54 (Ref:3428013) | #57 | ||
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My facts are for the team, both cars. It is what it says. There is no nostalgia here. it was just a thought about relative spending in F1 over a 45 year period. I think initially the engines may have been subsidised to a degree although the initial Ford money was for the design and construction of the engine for Lotus. Then Walter Hayes decided they would make the engine available to other teams at the end of 67. This was decided by Ford and Hayes explained it Colin Chapman. Subsequently in the following years Ford sponsored Tyrrell while Jackie Stewart was there. I doubt engines were subsidised to other teams during that period so IF the price at the beginning of 1968 was a subsidised price the subsidy didn't last long. And Mercedes? I think their engines prices to customers may be subsidised in which case it is costing them money to contract out, not a source of income. If anything my only real point in raising the comparison was to point out F1 was spending an inordinate amount of money on engines / power units but none of it was making any difference to improving F1 or providing a better spectacle. |
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30 Jun 2014, 01:05 (Ref:3428309) | #58 | ||
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F5000 racing in its heyday was way way better racing than F1 has ever been! Bottom line is the engines do not have to be so expensive! With the right rules they could race stock 600 bhp V8s at about $5000 a pop. F1 has always been about men in pointed hats bearing moons and stars performing voodoo at eye watering expense, now everything is completely secret and rumours only seep out! the rest is spec. Last edited by wnut; 30 Jun 2014 at 01:14. |
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30 Jun 2014, 01:11 (Ref:3428311) | #59 | ||
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There are a couple of things I think haven't been taken into consideration:
1. Making the engines better is becoming infinitely harder because like aerodynamics, its harder for a simple change to make a massive difference. The engine manufacturers are spending lots of money trying to find the smallest advantage. 2. The number of people working on the engines has greatly increased, not to mention the vast amount of electronics used to develop the engines. For the engineers working on developing the engines, they must be incredibly well paid. I don't know what the amounts are but I'm guessing that even if you take the salaries from the engineers 50 years ago but with inflation for 2014, they would be hugely underpaid compared to the current crop of engineers. Also in regards to the question about whether F1 is healthier with the huge spending; F1 probably wouldn't be as big of a sport if it wasn't for the huge spending previously. Right now you can argue that it's gotten out of hand, but without the vast spending early on it's likely that F1 would be a shadow of what it is right now. |
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30 Jun 2014, 19:23 (Ref:3428701) | #60 | ||
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Confirmed. Lotus will be Mercedes powered in 2015.
Official announcement soon. |
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30 Jun 2014, 19:54 (Ref:3428712) | #61 | |
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I'm not doubting the story, because it definitely looks like it's true, but didn't Lotus sign a multi year deal with Renault in March? I presume there must have been performance clauses.
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30 Jun 2014, 21:40 (Ref:3428754) | #62 | ||
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30 Jun 2014, 22:52 (Ref:3428781) | #63 | |||
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Joe Saward suggests it will happen, Here, which is better than making unsubstantiated claims... even if they prove right! |
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Happy David Thexton Day, 21st March 2003 “I am not uncertain” - Dollar Bill Stern, Billions “Fear stimulates my imagination” - Don Draper, Mad Men “Everybody Lies” - Dr Gregory House |
1 Jul 2014, 13:58 (Ref:3429017) | #64 | ||
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1 Jul 2014, 14:30 (Ref:3429039) | #65 | |
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1 Jul 2014, 15:58 (Ref:3429076) | #66 | ||
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96 days... |
1 Jul 2014, 18:52 (Ref:3429144) | #67 | |
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That's a slap in the face considering that's the former renault team still working out of the old Renault F1 base in Enstone... |
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