Word: making
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...entrepreneurs with more dash than cash. Ecclestone calls the new teams "out of their depth" before the season has even started, while Ferrari's official website complained about the "much reduced" pace shown by newbies like Virgin and Lotus in testing. No one expects all of them to make it through their first season...
...costs close to $40 million to construct, not counting the corps of engineers needed to run it. Average annual team budgets had climbed near $300 million and the biggest teams spent $500 million. Sponsorship and prize money rarely brought in half that. "Very few of the teams could actually make any money," says Caroline Reid, who co-authors Formula Money, the authoritative guide to F1's finances. (See a brief history of Formula...
...teams aren't the only ones who can't make ends meet. The promoters behind F1's 19 races have seen their fees for hosting an event double to almost $30 million in the past five years - $45 million for newer races in Abu Dhabi, Singapore and Korea. As a result, they've jacked up prices for the best seats over a race weekend to an average of $722, a rise of 50% from three years ago. Average three-day attendance fell from 187,724 in 2008 to 161, 613 in 2009. "In Bahrain, all you could...
...When it began in 1950, on the bumpy tracks of Monza and Silverstone, the championship was a race between European cars mostly driven by European drivers and watched by European fans. The drivers took their lives in their hands every time they got behind the wheel. Many didn't make it. Jackie Stewart, three-time F1 world champion, used to look back at his house before leaving to drive at Germany's original Nürburgring in case he never saw it again. "The Nürburgring has 187 corners - it's like Afghanistan," says Stewart. (Read: "Formula One: Behind...
...roller coaster that reaches speeds of 124m.p.h. (200 km/h). The roller coaster may be more thrilling than the race itself. New tracks like Yas Island are a soccer mom's dream of safety, and no one has died in F1 since 1994. But the new tracks can also make for duller races, and many in the sport feel that F1 needs to find a way to boost the thrill factor, if not the casualty count...