Team member Salary/budgets/money again?

kmchow · 3 Sep 2002, 00:42 (Ref:371712)

The budgets of F1 have been constantly thrown around. Basically millions of dollars are being thrown around, but how does the expense break down? Any estimates as to how much a teams' budget is eaten up by salaries of the engineers/tire changers/mechanics/etc...? How much of it is just depreciation or equipment mortgage (financing) costs,etc??? How could anyone blow that much money? They need to basically bring piles of money and burn them in the fireplace/furnace?

Someone mentioned a wind tunnel costs about $1000 US/hr?? How about F1 tires? Touring car tires costs $900US/set. For the bigger teams, aren't the wind tunnels shared with the regular/road car divisions?

Mr V · 3 Sep 2002, 01:03 (Ref:371728)

Aren't the tyres about 2 1/2 grand a set? i'm sure i read that somewhere!

lucky strike · 3 Sep 2002, 01:14 (Ref:371735)

Quote:

Originally posted by kmchow
They need to basically bring piles of money and burn them in the fireplace/furnace?

well, one of the fireplaces is in Mr. Villeneuve's motorhome.

(sorry, just had to let it out. grrrrrrrr)
no offence... me is JV supporter,... even in the most desperate moment :S

Jukebox · 3 Sep 2002, 01:33 (Ref:371748)

Salaries might vary according to teams depending on their experience and technical skills but here is a breakdown on how much does a complete formula1 racecar cost in Euros.

PARTS SINGLE PRICE (€) AMOUNT NEEDED TOTAL AMOUNT (€)
Monocoque 112,360 1 112.360
Bodywork 8,026 1 8.026
Rear Wing 12,842 1 12.842
Front Wing 16,051 1 16.051
Engine 240,770 1 240.770
Gearbox 128,411 1 128.411
Gear Ratios(set)112,360 1 112.360
Exhaust System 9,631 1 9.631
Telemetry 12,8411 1 128.411
Fire Extinguisher 3,210 2 6.420
Brake Discs 964 4 3.856
Brake Pads(2/wheel) 642 8 5.136
Brake Calipers 16,051 4 64.205
Wheels 1,124 4 4.496
Tyres 642 4 2.568
Shock Absorber 2,087 4 8.346
Pedals (set) 1,605 1 1.605
Dashboard 3,210 1 3.210
Steering System 4,815 1 4.815
Steering Wheel 32,103 1 32.103
Fuel Tank 9,632 1 9.632
Suspension 3,210 1 3.210
Wiring 8,026 1 8.026
GRAND TOTAL € 926.490

In addition to the build costs, thousands of pounds will be spent on designing the car.
Design costs include the making of models, using the wind tunnel and paying crash test expenses etc.
The cost of producing the final product will be €7,700,000.00.

I've tried to arrange it nicely but it dosen't work, sorry about the messy table.

Lee Janotta · 3 Sep 2002, 01:47 (Ref:371757)

Quote:

Originally posted by Jukebox
PARTS SINGLE PRICE (€) AMOUNT NEEDED TOTAL AMOUNT (€)
Monocoque 112,360 1 112.360
Bodywork 8,026 1 8.026
Rear Wing 12,842 1 12.842
Front Wing 16,051 1 16.051
Engine 240,770 1 240.770
Gearbox 128,411 1 128.411
Gear Ratios(set)112,360 1 112.360
Exhaust System 9,631 1 9.631
Telemetry 12,8411 1 128.411
Fire Extinguisher 3,210 2 6.420
Brake Discs 964 4 3.856
Brake Pads(2/wheel) 642 8 5.136
Brake Calipers 16,051 4 64.205
Wheels 1,124 4 4.496
Tyres 642 4 2.568
Shock Absorber 2,087 4 8.346
Pedals (set) 1,605 1 1.605
Dashboard 3,210 1 3.210
Steering System 4,815 1 4.815
Steering Wheel 32,103 1 32.103
Fuel Tank 9,632 1 9.632
Suspension 3,210 1 3.210
Wiring 8,026 1 8.026
GRAND TOTAL € 926.490

Getting paid to hang around in the pits during the whole Grand Prix season:

Priceless.

(Possibly only the Yanks and Canucks will get the parody)

Don K · 3 Sep 2002, 05:04 (Ref:371803)

Quote:

Originally posted by Lee Janotta
Getting paid to hang around in the pits during the whole Grand Prix season:

Priceless.

(Possibly only the Yanks and Canucks will get the parody)

Any connection with a TV commercial from the early nineties?

Gvonne · 3 Sep 2002, 05:19 (Ref:371809)

What I want to know is how does any one MAKE any money off of Formula One. I kind of understand the whole trickle down theory of Pay big bucks to race=win races=people see your ads on the cars, and track billboards=more people buy your product=you get rich, but other than Ferrari and maybe Honda I cant see that working for most of the other teams. How much prize money is given out for a first, second or thrid. Is it per race or per champianship?

kmchow · 3 Sep 2002, 06:09 (Ref:371816)

Unlike CART and Nascar where it is possible to turn a profit as a team owner and get excellent coverage as a sponsor, I guess F1 is all just goodwill and PR. I guess racing in F1 is priceless?

So looking at Jukebox's numbers, the actual parts are cheap to produce? It seems all the costs are associated with the actual design as well as the costs of the machinery/factories to produce those parts?? Overhead seems to be what is responsible for F1's high costs. If the FIA really cared about F1, perhaps they should institute some standardized parts like brakes, suspensions, transmissions??

Anyone know how much a tirechanger makes? Are they dedicated tirechangers or are they mechanics when the car is not racing?

cv2000 · 16 Sep 2002, 19:01 (Ref:381788)

Quote:

Originally posted by kmchow
Unlike CART and Nascar where it is possible to turn a profit as a team owner and get excellent coverage as a sponsor, I guess F1 is all just goodwill and PR. I guess racing in F1 is priceless?

So looking at Jukebox's numbers, the actual parts are cheap to produce? It seems all the costs are associated with the actual design as well as the costs of the machinery/factories to produce those parts?? Overhead seems to be what is responsible for F1's high costs. If the FIA really cared about F1, perhaps they should institute some standardized parts like brakes, suspensions, transmissions??

Anyone know how much a tirechanger makes? Are they dedicated tirechangers or are they mechanics when the car is not racing?

Some F1 teams turn a profit too (shocker?)

As for the sponsors I am sure they must be getting some return on their investment otherwise they wouldn't sponsor anymore

Kex · 16 Sep 2002, 20:31 (Ref:381873)

It's amazing how teams like Pacific in 1994 survived on a budget of about $5,000,000.

Inigo Montoya · 16 Sep 2002, 21:23 (Ref:381911)

Quote:

Originally posted by kmchow
If the FIA really cared about F1, perhaps they should institute some standardized parts like brakes, suspensions, transmissions??

IMHO, this would destroy everything that is good about F1. Its the pinnacle of cutting edge technology. Sounds to me like you want them to race stock cars...

Nah... let the engineers go wild, I say... Give them a rough set of rules, and whatever revolutionary concept they want to introduce.. let them do it! Why stifle everyone's creativity in the name of keeping costs down?

If you can't afford it in F1, for heaven's sake, go to CART and race...

Andrew Kitson · 16 Sep 2002, 21:49 (Ref:381947)

Quote:

Originally posted by kmchow
Anyone know how much a tirechanger makes? Are they dedicated tirechangers or are they mechanics when the car is not racing?

My best buddy is a mechanic at McLaren. He preps and builds the cars at the factory then works on Kimi's at the race meetings. In the race, he is a 'wheel gun' guy and the same team do all the pit stops for both cars. The pit stop team are made up of mechanics from all 3 cars ( including the spare) and the truckies(refuelling).
I can guess at what he makes but I won't post it here!! He'd kill me if I'm right..

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
Any ideas on A1 team budgets	C.U.Motorsport	A1GP	10	13 Aug 2006 17:07
Can team budgets be capped?	Kirk	Formula One	28	27 Dec 2005 13:39
F1 team budgets	steve nielsen	Formula One	43	9 Dec 2003 21:34
F1 Team Budgets	Logrence	Formula One	19	16 Feb 2003 10:12
F1 team budgets................	steve nielsen	Formula One	23	14 Mar 2002 09:42