What’s it cost to compete in Formula One? An IndyCar comparison


Christian Sylt and Caroline Reid cover the business of Formula One. More of their work can be found at

The cars lining up to compete in this weekend’s Monaco Grand Prix and Indy 500 may appear the same. However, with even the smallest Formula One teams running on budgets around five times those of their leading IndyCar rivals, the similarity is only skin deep.

The casual observer might be forgiven for thinking that IndyCar has the superior technology, as Ed Carpenter set a pole position lap speed of 228.8 mph for this year’s Indy 500; Mark Webber’s top qualifying lap at the twisty Monaco track last year was just 100.4 mph.

In reality, the IndyCar teams purchase controlled-cost specification chassis from Dallara, whereas their F1 counterparts are involved in a costly high tech arms race to make it to the front of the grid. Unlike IndyCar teams F1 competitors are ‘constructors’ who build their own chassis — and in the case of Ferrari and Mercedes their own engines — at a cost of hundreds of millions of dollars annually.

The leading F1 teams are constantly developing their machinery in order to eke out the extra split-seconds that will edge them ahead of their rivals. Big name brands such as Red Bull and Mercedes are willing to foot the bill because F1 is the world’s most watched annual sporting event and puts their brands in front of half a billion people worldwide.

As a result, the biggest spending F1 team Ferrari will run on an estimated budget of $470 million in 2013. This is more than 30 times the estimated $15 million budget of the leading IndyCar teams such as Ganassi and Andretti Autosport. The figures — supplied by Formula Money — below explain how the money is spent.

Top F1 team: $470 million; Top IndyCar team: $15 million

This includes the following key areas of spending:

Top F1 team: $125 million; Top IndyCar team: $3 million

The largest single cost for most F1 teams is the design, development and construction of a bespoke chassis. F1 teams must construct their own chassis and although the manufacturing costs of an F1 car are a relatively small $15 million per year, top teams can spend well over $100 million on research and development.

All IndyCar teams must buy their chassis from series provider Dallara. The price is $345,000 per chassis, but the purchase of aerodynamic packages designed for different circuits can add another $150,000-$200,000. A team typically gets through three chassis per driver each year.

Top F1 team: $130 million; Top IndyCar team: $2 million

F1 manufacturers such as Ferrari and Mercedes spend more than $100 million annually on engine development. This is principally to supply their own teams, but they are required to also supply other teams with engines and typically charge $13 million per season to do so.

Honda and Chevrolet typically charge IndyCar teams around $1 million per year per driver for an engine package which will allow the use of eight engines.

Top F1 team: $15 million; Top IndyCar team: $1 million

Restrictions on F1 testing in recent years have seen budgets slashed from $35 million to $15 million annually in order to cut costs. This is still far larger than the IndyCar teams’ $1 million annual spending.

Top F1 team: $47 million; Top IndyCar team: $3 million

Two times world champion Fernando Alonso is one of the highest paid sports stars in the world, receiving an annual salary of $40 million from Ferrari. In contrast leading IndyCar drivers receive $1-2 million per year. Unlike F1 drivers they also receive prize money – $2.5 million for Dario Franchitti when he won last year’s Indy 500 – but are usually expected to give at least half of this to their team.

Top F1 team: $3.3 million; Top IndyCar team: $456,000

F1’s governing body, the FIA, operates a complex system for entry fees where each team is charged a basic fee of $500,000, plus $6,000 per point scored in the previous season for the constructors’ champion and $5,000 per point for everyone else. This has left 2012 champion Red Bull Racing with a bill of $3,260,000 this year. In contrast, IndyCar teams pay $12,000 per car per race.

Top F1 team: $13 million; Top IndyCar team: $1 million

Hospitality may seem like a frivolous extra but it is a crucial part of how an F1 team operates. Sponsors spend up to $100 million annually so expect to receive silver service treatment when they visit a Grand Prix. A top F1 team can spend more on hospitality in a season than an IndyCar team spends on its entire budget. In contrast leading IndyCar teams may spend up to $200,000 at a showpiece event like the Indy 500, but far less at other races.

Top F1 team: Free; Top IndyCar team: $1 million

One area where IndyCar costs far outstrip F1 is in the area of key supplies. Due to the high level of exposure F1 generates, many companies are keen to supply top level products free of charge in return for becoming an official partner of the team. Ferrari, for example, has sponsorship from a range of automotive companies including Shell (gas), SKF (bearings), NGK (spark plugs), Magneti Marelli (electronics) and Brembo (brakes). A typical top IndyCar team spends around $1 million a year on purchasing similar supplies.

Top F1 team: $136.7 million; Top IndyCar team: $3.5 million

*Includes salaries, travel and factory costs.

FIA Formula E to remain at Battersea Park following vote

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Wandsworth Council’s Community Services Overview and Scrutiny Committee voted seven to four late Tuesday night, in favor of retaining the FIA Formula E event in Battersea Park.

This will see the London ePrix – the season finale for the electric open-wheel championship – continue at the site for at least the next two seasons.

The 2016 race will run July 2-3, to avoid a direct head-to-head clash with the British Grand Prix a week later in Silverstone.

Battersea Park’s race faced local opposition in recent weeks, which put the race under threat.

Here are your Abu Dhabi GP TV Times on NBCSN, CNBC, Live Extra

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It’s the final Grand Prix of the year, the Abu Dhabi Grand Prix from the Yas Marina Circuit.

Here’s the TV times and game plan for the weekend across NBCSN, CNBC and NBC Sports Live Extra:

NBC Sports Group presents the season finale of the 2015 Formula One season this weekend with live coverage of the Abu Dhabi Grand Prix – F1’s only twilight race – from Yas Marina Circuit this Sunday at 7:30 a.m. ET on NBCSN.

NBC Sports Group is on pace to deliver its most-watched Formula One season to date, with just Sunday’s season finale in Abu Dhabi remaining on the schedule. Through 18 races, NBC Sports Group’s F1 coverage has averaged 533,000 viewers, up 17% vs. the same point of the 2014 F1 season. Last week, NBCSN delivered the most-watched live cable telecast of the Brazilian Grand Prix since 2010, averaging 493,000 viewers.

Lead F1 announcer Leigh Diffey will call the Abu Dhabi Grand Prix, and will be joined by veteran analyst and former racecar driver David Hobbs, and analyst and former race mechanic for the Benetton F1 team Steve Matchett. F1 insider Will Buxton will serve as the team’s on-site reporter from Yas Marina Circuit in Abu Dhabi in the United Arab Emirates.

Nico Rosberg (Mercedes) is looking to close out the 2015 campaign with a third consecutive victory, following wins in Mexico and Brazil. Rosberg has also earned the pole position in five consecutive races. Mercedes teammate Lewis Hamilton clinched his second consecutive Drivers’ Championship with a victory at the United States Grand Prix in October. Ferrari’s Sebastian Vettel has won the race in Abu Dhabi three times (2009, 2010 & 2013), followed by Hamilton’s two victories (2011 & 2014). The Abu Dhabi Grand Prix debuted in 2009 and holds the distinction as F1’s only twilight race, beginning in the sun of the afternoon and concluding after dusk under the lights.

Coverage of this weekend’s season finale in Abu Dhabi begins Friday at 4 a.m. ET on NBC Sports Live Extra with Practice 1, followed by NBCSN’s live coverage of Practice 2 at 8 a.m. ET. Live Extra will carry Practice 3 on Saturday at 5 a.m. ET, and CNBC will present live qualifying on Saturday at 8 a.m. ET.

NBCSN’s race day coverage begins Sunday at 7 a.m. ET with F1 Countdown, followed by NBCSN’s live presentation of the Abu Dhabi Grand Prix at 7:30 a.m. ET. F1 Extra will provide post-race analysis at 10 a.m. ET, and NBCSN will air an encore presentation of the Abu Dhabi Grand Prix on Sunday at 4:30 p.m. ET. NBCSN will also air coverage of the GP2 race in Abu Dhabion Sunday at 10 p.m. ET, with Alex Jacques calling the action.

Motorsports Coverage This Week on NBCSN, CNBC & NBC Sports Live Extra (subject to change):

Date Program Time (ET) Network
Fri., November 27 F1 Abu Dhabi Grand Prix – Practice 1 4 a.m. Live Extra
Off The Grid – Talladega (Encore) 7 a.m. NBCSN
Off The Grid – Austin (Encore) 7:30 a.m. NBCSN
F1 Abu Dhabi Grand Prix – Practice 2 8 a.m. NBCSN
“1” – F1 Documentary 9:30 a.m. NBCSN
Sat., November 28 F1 Abu Dhabi Grand Prix – Practice 2 (Encore) 1:30 a.m. NBCSN
F1 Abu Dhabi Grand Prix – Practice 3 5 a.m. Live Extra
F1 Abu Dhabi Grand Prix – Qualifying 8 a.m. CNBC
F1 Abu Dhabi Grand Prix – Qualifying (Encore) 12:30 p.m. NBCSN
Sun., November 29 F1 Countdown 7 a.m. NBCSN
F1 Abu Dhabi Grand Prix 7:30 a.m. NBCSN
F1 Extra 10 a.m. NBCSN
F1 Abu Dhabi Grand Prix (Encore) 4:30 p.m. NBCSN
GP2 – Abu Dhabi 10 p.m. NBCSN

Haas F1 Team finishes its first pit wall gantry

MEXICO CITY, MEXICO - OCTOBER 30:  Haas F1 Team logos during the press conference for their driver announcement on October 30, 2015 in Mexico City, Mexico.  (Photo by Andrew Hone/Getty Images for Haas)
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As Haas F1 Team continues to prepare for its debut season in the 2016 Formula 1 World Championship, it’s putting together all the pieces it needs to compete.

It’s got a driver lineup – Romain Grosjean and Esteban Gutierrez have now finally, formally been confirmed within the last month – and now it has the pit wall equipment complete for the strategists to call their respective drivers’ races.

Here’s a video of how the team’s first pit wall gantry was assembled, and finished today:

And here’s some still shots:

INDYCAR confirms additional car tethers among other 2016 safety enhancements

Josef Newgarden, Simon Pagenaud
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INDYCAR has outlined the formal safety enhancements it plans to do to the base Dallara DW12 chassis for the 2016 Verizon IndyCar Series season.

The full release from INDYCAR is below:

Tethering aerodynamic components of the Dallara IR-12 chassis is among safety enhancements announced by INDYCAR that will be implemented for the 2016 Verizon IndyCar Series season.

The high-tensile Zylon tethers minimize the possibility of components becoming detached from the race cars during accidents.

The rear beam wing and rear wheel guards will be tethered for all Verizon IndyCar Series events and the car’s nose will be tethered on superspeedway ovals (1.5 miles or longer). Dallara also has designed a tethering system for the front wing main plane for the three superspeedways on the 2016 schedule – Indianapolis Motor Speedway, Texas Motor Speedway and Pocono Raceway.

Since 1999, Verizon IndyCar Series cars have employed wheel restraints attached to the chassis and suspension. The Suspension Wheel/Wing Energy Management System (SWEMS) also includes one or two restraints attached from the rear wing main plane to a secure location on the transmission.

“It is a continual goal to improve safety for all the participants, fans and drivers alike,” said Will Phillips, INDYCAR Vice President of Technology. “We also need to do this in a fashion that does not create more yellow-flag racing and try to prevent as much debris as possible. We have great support from our partners to improve safety and wish to thank Chevrolet, Honda and Dallara for their participation and efforts in working together to implement change.”

Other changes for the 2016 season as part of INDYCAR’s ongoing research and development to improve the on-track product and safety include:

  • A domed skid plate on the underside of the chassis, which improves its yaw/spin characteristics, will complement rear wing flaps that deploy at 90 degrees if a car spins and travels backward on a superspeedway. The package will minimize the incidence of the car becoming airborne. The rear wing flaps have been tested in wind tunnels at General Motors and Texas A&M University. Components are scheduled to be available for the April 6 test on the 2.5-mile Indianapolis Motor Speedway oval.
  • An update to the Engine Control Unit (ECU) prevents a car from moving forward during a pit stop if the gearbox is not in neutral while the fuel hose is attached. Through the ECU, the fuel probe activation sensor can stop the car from moving forward by returning the engine to idle and engaging the clutch if the car is not in neutral when the fuel probe is plugged in.
  • Another ECU update puts the engine in idle faster if too much pressure is applied to the throttle or brake pedal. The throttle pedal failsafe will engage and idle the engine when pressure applied to either the throttle or brake pedal exceeds a calibrated threshold.