Just how inaccessible is F1 for the common man?
Very.
Almost impossible.
You have to be either a billionaire’s son or if your dad was an F1 driver himself.
“Three of F1’s current drivers — Lance Stroll, Nicholas Latifi and Nikita Mazepin — are the sons of billionaires, while another two — Hamilton’s 2021 title rival Max Verstappen and Mick Schumacher — are the sons of former F1 drivers.”
F1 is the pinnacle of fast formula one car driving.
The cars are literally cutting-edge tech rocket-ships on wheels.
The research and development department alone costs between $300–400m.
Mercedes-AMG spent $459m to ensure Lewis Hamilton won his world title in 2020.
Red Bull’s F1 team spent $181m in 2018.
The typical F1 engine costs around $11m.
A formula one car uses about $500,000 in petrol during an entire season for their practice and racing sessions.
And listen to this, because F1 races in 21 countries, the teams need to ship their cars and crew all over the world.
That logistics costs nearly $8m a year.
Yep, just on shipping cars and crew around.
It is no wonder F1 teams are owned almost exclusively by billionaires.
“Forbes estimates that at least ten billionaires, worth a collective $146 billion, are involved in F1 as of the 2021 season.”
So for the common man, forget it.
We can stick to watching it on our mobile phones and bragging about it to our friends.
Cheer for Lewis and buy the tickets for a glimpse of the cars zipping by if we can.
F1 is no longer accessible to normal people to participate and race.
Perhaps that is for the better too?
Think about it this way.
It is a highly dangerous sport and requires nothing but the best engineering, R&D, safety, materials, crew and talents to make the whole thing work.
Normal people will not be able to afford all that.
Well, all I can say is that the rich are really different.
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