Formula 1 is one of the world’s fastest sports, and thanks to increased popularity across the globe, the series remains one of the world’s most popular sports as well.
However, operating an F1 team is not an inexpensive proposition.
The latest evidence of that fact comes to us from Williams. Williams Grand Prix Engineering Limited, the F1 team’s operating company, submitted its annual report for 2023 at the end of September to Companies House, the branch of the British Government that is responsible for corporations acting within the United Kingdom. That report was made public on Wednesday and outlined just how expensive it is to run an F1 team.
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