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

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

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.

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

This includes the following key areas of spending:

THE CAR
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.

THE ENGINES
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.

TESTING
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.

DRIVERS
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.

ENTRY FEE
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.

HOSPITALITY
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.

KEY SUPPLIES
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.

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

*Includes salaries, travel and factory costs.

Manor WEC program launched

Photo: Manor
Photo: Manor
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One of the intriguing elements to come out of yesterday’s entry list reveal for the FIA World Endurance Championship and 24 Hours of Le Mans was the confirmation of Manor in LMP2.

Sporting director Graeme Lowdon and team principal John Booth hinted something new was up not long after the final Grand Prix of the season, when the pair took their bows from what had been the Manor Marussia Formula 1 Team at the Yas Marina Circuit in Abu Dhabi.

That “something” was revealed on Friday as an Oreca 05 Nissan in the stacked LMP2 class – a 10-car class – with Tor Graves, a past Manor driver, confirmed as the first new driver for the effort.

“We are delighted to be joining the World Endurance Championship. It is a fantastic series that visits iconic tracks all over the world. The level of competition is very high and we are really looking forward to racing again,” Booth said.

“The LMP2 class is specifically designed for teams independent of manufacturers and/or engine suppliers which places the focus firmly on how the team performs.

“I can’t wait to see the car running now. We have lots to do but we have a great team of people to get it all done.”

The team might be out before the Prologue test at Paul Ricard end of March, but it’s likely that test will mark the team’s first significant running. It should have its driver lineup settled by then, as well.

Lowdon, who’s been bit by the sports car racing bug, expanded on the announcement.

“It’s really great to be racing again and the FIA World Endurance Championship provides a fantastic challenge for us,” he said

“Preseason testing starts soon and there is a lot to do but we have never been afraid of a bit of hard work.

“There is a real buzz within the team at the moment, we have enjoyed great support from the fans over the last few months and we are very keen for them to get fully involved in what we are doing. We all have a great passion for motorsport and we are keen to share that passion.”

‘Very possible’ Frijns will make IndyCar debut with Andretti

PUNTA DEL ESTE, URUGUAY - DECEMBER 19:  In this handout image supplied by Formula E, Robin Frijns (NLD), Andretti - Spark SRT_01E during the Julius Baer Punta del Este Formula E race at Playa Brava Beach street circuit on December 19, 2015 in Punta Del Este, Uruguay. (Photo by Adam Warner/LAT/Formula E via Getty Images)
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BUENOS AIRES – Michael Andretti has said that it is “possible” Formula E driver Robin Frijns will make his Verizon IndyCar Series debut with Andretti Autosport in 2016.

Frijns enjoyed a successful junior career in Europe, beating Jules Bianchi to the Formula Renault 3.5 title in 2012, but was never able to make the step up to Formula 1.

Frijns joined Andretti’s Formula E team for the 2015-2016 season, and scored its first podium of the campaign in Putrajaya.

Speaking to MotorSportsTalk in Buenos Aires, Andretti confirmed that the team was still considering its options for a fourth car in the 2016 Verizon IndyCar Series season.

“Right now we’re still a three car team. There are still a couple of irons in the fire for the fourth car,” Andretti said.

“We also have a couple of irons in the fire for the fourth car for maybe doing certain races, not the whole season. So we’re still trying.”

When asked if either of his Formula E drivers could possible fill this seat, Andretti said that it was possible Frijns could step up for a few races.

“It’s very possible that he could, one or two races, but we’ll see,” Andretti said. “It’s possible, yeah.”

When asked by MotorSportsTalk if an opportunity to race in IndyCar with Andretti was on the cards, Frijns remained coy, saying: “That’s not a question I have to answer.”

However, he did admit that he would jump at the chance to do race if offered: “Oh yeah definitely!”

Honda has hinted it could supply a 12th engine at multiple races this year, not necessarily for the same team. Spencer Pigot is already confirmed to a three-race program with Rahal Letterman Lanigan Racing at St. Petersburg and the month of May.

Sam Bird flies to maiden Formula E pole in Buenos Aires

FIA Formula E Championship 2015/16.
Beijing ePrix, Beijing, China.
Race.
Sam Bird (GBR), DS Virgin Racing DSV-01 
Beijing, China, Asia.
Saturday 24 October 2015
Photo: Adam Warner / LAT / FE
ref: Digital Image _A8C5210
© Formula E
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BUENOS AIRES – Sam Bird stormed to his first pole position in Formula E in qualifying for the Buenos Aires ePrix on Saturday at Puerto Madero.

Bird had finished fourth in the initial qualifying standings, securing himself a place in the Super Pole shootout alongside Stephane Sarrazin, Nicolas Prost, Mike Conway and Antonio Felix da Costa.

Despite expressing concerns about the extra weight of the DS Virgin Racing car earlier in the weekend, Bird squeezed every tenth out of it to post a fastest time of 1:09.420 and shoot to the top of the timesheets.

Neither da Costa or Sarrazin were able to better Bird’s time despite beating him in the first stage of qualifying and heading out on track after him, handing the Briton his first pole in Formula E.

Prost led Renault e.dams’ charge by qualifying second as teammate and championship leader Sebastien Buemi spun on his fast lap, leaving him at the very back of the grid for the race in Buenos Aires.

Despite running with a season one car, da Costa managed to qualify an excellent third ahead of the Venturi duo of Stephane Sarrazin and Mike Conway – the latter reaching the Super Pole shootout on debut.

Robin Frijns was unfortunate not to make the top five, finishing sixth ahead of championship contender Lucas di Grassi. The ABT Schaeffler driver will be disappointed not to have qualified higher, but still has a golden opportunity to capitalize on Buemi’s mistake.

Daniel Abt will start the race alongside his teammate on the grid after qualifying eighth ahead of Nelson Piquet Jr. and Jerome d’Ambrosio. Oliver Turvey and Loic Duval follow their teammates in 11th and 12th.

Nick Heidfeld qualified 13th on his return from injury ahead of Simona de Silvestro, while Jean-Eric Vergne completed – in his words “mission impossible” – to get out on track and finish 15th after his health scare this morning.

Bruno Senna and Salvador Duran both shunted their cars on their quick laps, leaving them 16th and 17th respectively ahead only of Buemi in the e.dams.

Buemi streets ahead in second Buenos Aires FE practice

2015 Formula E  Buenos Aires e-Prix, Argentina
Friday 5 February 2016.
Sebastien Buemi (SUI), Renault e.Dams Z.E.15 & Nicolas Prost (FRA), Renault e.Dams Z.E.15 
Photo: Sam Bloxham/FIA Formula E/LAT
ref: Digital Image _SBL9537
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BUENOS AIRES – Sebastien Buemi lived up to his billing as championship favorite by storming to the top of the timesheets in second practice for the Buenos Aires ePrix.

Buemi was unable to complete a full power 200kW lap in FP1 on Saturday, limiting him to just fifth place in the final standings.

However, the Swiss driver rallied in FP2 and utilized all of the power in his Renault e.dams to produce as fastest lap time of 1:08.771, leaving him over half a second clear at the top of the timesheets.

“Yeah I think it was a good session for me because I was able to exerpience wht the 200kw lap can do,” Buemi said after the session.

“It’s not too bad but the track is very ricky. There’s a lot of sand still on the track. Otherwise it’s quite fun to drive the track.”

Buemi was followed home by title rival Lucas di Grassi, but the ABT Schaeffler driver was unable to match the pace laid down at the very top.

Nicolas Prost will be looking to get into the fight for the race win with teammate Buemi this weekend, having finished third in FP2, just 0.001 seconds shy of di Grassi.

Sam Bird continued DS Virgin Racing’s strong start to the weekend by finishing fourth, but the involvement of teammate Jean-Eric Vergne remains unclear. The Frenchman was ruled out by the team, only to turn up at the track and claim he is fit to race. However, he took no part in practice.