Formula 1, often referred to as F1, is the pinnacle of motorsport, attracting millions of fans worldwide who are enthralled by the high-speed action, cutting-edge technology, and the glamour that surrounds the sport. However, behind the scenes of this thrilling racing spectacle lies a complex and intricate web of finances. Formula 1 teams are not just about racing; they are also powerful businesses with substantial revenue streams and intricate financial strategies. In this episode, we will delve into the fascinating world of how Formula 1 teams make money, exploring the key revenue sources, sponsorships, commercial deals, and the financial dynamics that drive this high-octane industry.
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