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06-25-2004 04:51 PM #1
where does all the money come from?
I realize a majority of it is from the sponsorships and that there is a % share of TV money and tickets sales. However, the top teams have a budget of about $300M-$400M. Does Ferrari sell so many hats and t-shirts that they can afford to pay michael $40M/year?
Just curious if anybody has any insight on this.
06-25-2004 05:01 PM #2
06-25-2004 05:06 PM #3
06-25-2004 05:16 PM #4
Re: are you saying they get $200M from sponsors?
manufacturers like toyota, mercedes, bmw, and ferrari (fiat) put vast amounts of money into their programs. the rest comes from giant corporations that foot the rest of the bill. drivers often bring their own sponsership dollars with them (alex yoong last year).
06-25-2004 05:35 PM #5
HSBC (Bank of Scotland)
Paid $35 Million to be primary sponsor on the JAGUAR team.
However for 2005 HSBC no longer sponsoring JAGUAR.
Beats me where the other $250M+ comes from.
I guess FORD the parent company to JAGUAR digs in deep, along with engine support to Eddie Jordan team.
Hewlett Packard HP probably gives BMW around $50M plus gets biz from BMW as well.
FEDEX is a main BMW sponsor, but handles all their freight to their 300+ dealer network and USA vendors all ship via FEDEX to distribution and BMW South Carolina factory.
Budweiser paid $15M for thir logo on the top of the air box.
MARLBORO must pay close to $75M+ based on what others are paying.
FIAT I imagine pays in also.
Read the info above, Schumacher gets paid $40M himself from Ferrari.
06-25-2004 07:07 PM #6
06-25-2004 07:27 PM #7
06-25-2004 07:28 PM #8
06-28-2004 01:13 PM #9
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