How much are the teams spending now?

[Lennat]

Does anyone here know how much every team is spendng at the moment?

I was thinking about the budget cap and how extremly low the proposed 40 million cap is. Isn't that pretty much what for example Force India is spending?

It seems pretty steep for the top teams to cut down from from 200 millions, 300?

[CNR]

just from google
Honda, which spent more than £300m a year on F1

http://www.formula1.com/news/interviews/2009/3/9020.html


Today, BMW is spending 40 percent less on its involvement in Formula One than in 2005. Back then we were an engine supplier, but now have our own team, of course. Significant savings have been achieved through increases in the mileage required of each engine. When BMW returned to Formula One in 2000, we were using one engine for free practice, replacing it for qualifying and then fitting another new one for the race. This outlay has since been gradually reigned in and today each driver has to make do with eight engines for the full duration of the season. The heavily reduced testing schedule has brought further substantial budget savings. Testing on race circuits is banned outside of race weekends until 31st December 2009

2007

Toyota:$418.5 million
Ferrari:$406.5 million
Mclaren:$402 million
Honda:$380.5 million
BMW Sauber:$355 million
Renault:$324 million
Red Bull:$252 million
Williams:$195.5 million
Spyker:$120 million
Toro Rosso:$75 million
Super Aguri:$57 million

[Rollo]

From 2003 - F1 Magazine March 2003:
http://www.fastmachines.com/f1/the-price-of-formula-1/

$443,800,000 Ferrari
$353,300,000 Williams
$304,600,000 McLaren
$290,400,000 Toyota
$225,100,000 BAR
$206,800,000 Renault
$119,500,000 Sauber
$ 79,200,000 Jordan
$ 78,800,000 Jaguar
$ 39,600,000 Minardi

I think that's it's still reasonable to assume that the teams who build their own engines, chassis and operate their own indpendant wind tunnels, are probably all spending in excess of a quarter of a billion dollars each.

A drop to $40m is to operate on less than a fifth of current budgets. If even Super Aguri spent $57m to muck about at the end of the field, then asking everyone to do it on a smaller budget again is sheer madness.