How F1 became a multi-billion dollar industry

A well-known cynical joke which has circulated in the paddock for decades goes: if you want to become a millionaire in Formula 1, you should start out as a billionaire. It perfectly captures the capital-intensive, money-draining nature of the series – at least, as it used to be.
Because in the past, that saying was certainly true. The hundreds of millions teams managed to bring in each year ...Keep reading