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Need stats on different racing leagues

Discussion in 'Other Racing' started by WILLIAM H, Jan 20, 2005.

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  1. WILLIAM H

    WILLIAM H Three Time F1 World Champ

    Nov 1, 2003
    35,532
    Victory Circle
    Full Name:
    HUBBSTER
    #1 WILLIAM H, Jan 20, 2005
    So I have a sports law class & I need to get info on racing leagues, F1, IRL, ALMS, IMSA, NASCAR, etc

    The annual budget for the leagues

    annual budgets for top teams

    annual pay for top drivers

    any interesting legal issues in racing lately

    etc, Thanks
     
  2. rob lay

    rob lay Administrator
    Staff Member Admin Miami 2018 Owner Social Subscribed

    Dec 1, 2000
    63,960
    Southlake, TX
    Full Name:
    Rob Lay
    #2 rob lay, Jan 20, 2005
    Talk to Art, he specializes in this for track related stuff.
     
  3. Mr Payne

    Mr Payne F1 Rookie

    Jan 8, 2004
    2,878
    Bakersfield, CA
    Full Name:
    Payne
    #3 Mr Payne, Jan 20, 2005
    The Bernie vs. Banks legal battle.
     
  4. senna21

    senna21 F1 Rookie

    Jul 2, 2004
    3,334
    Los Angeles, CA
    Full Name:
    Charles W
    #4 senna21, Jan 21, 2005
  5. BMW.SauberF1Team

    BMW.SauberF1Team F1 World Champ

    Dec 4, 2004
    14,428
    FL
    #5 BMW.SauberF1Team, Jan 21, 2005
    This is what I've heard from F1 commentary on Speed TV during races:

    Toyota spends over $1 Billion (yes, a B) a year.

    Ferrari spends about $600 million.

    Michael Schumacher gets paid $45 million a year.

    David Coulthard will be making $500,000 a year with Red Bull with something like a $50,000 bonus per point he gets.

    Some driver for Minardi paid Minardi rougly $1 million to drive. He raised money from his country so he didn't pay all of it himself.

    I think Minardi's budget is somewhere between $20-$40 million, I'm not sure.

    The FIA requires a $48 million application fee for a new team to apply. This fee will be returned if the application is refused. If the application is accepted, the money will be returned in 12 installments (monthly, including interest) after the first race in which the team competes.

    http://www.fia.com/resources/documents/1929919630__2005F1SportingRegulations_a.pdf
     
  6. Gilles27

    Gilles27 F1 World Champ

    Mar 16, 2002
    13,337
    Ex-Urbia
    Full Name:
    Jack
    #6 Gilles27, Jan 21, 2005
    LOL! That's tremendous. Bernie should keep in mind that there will come a time when he just might actually have to rely on some bankers for his business, the kind of bankers he seems to enjoy screwing with right now.
     
  7. DMC

    DMC Formula 3

    Nov 15, 2002
    2,385
    WI/IL
    Full Name:
    Dean
    #7 DMC, Jan 24, 2005
    For ChampCar:

    Cost: $2-3 million to put a car on the track with a mid-pack team
    $6m for Forsythe Racing
    Drivers get paid anywhere from winnings only to about $1m/yr
    Limited testing days encourage teams to run multiple drivers so they can get the most data out of the cars

    The Chapter 11 proceedings of CART is an interesting story.
     

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