How Much Does it Cost to Start a Formula 1 team?

Рет қаралды 44,323

Күн бұрын

Starting your own Formula 1 team does sound like it would be quite fun, but it's quite the opposite. You need serious dollar in the bank, hundreds of employees and much much more. So for those interested in giving it a go, I'm going to break down step by step how you can start your own Formula 1 team, and believe me you might feel differently at the end...
0:00 Introduction
1:23 Overview
1:49 Finances
3:29 Capital
4:57 Labour
6:58 Operations
7:45 Conclusion
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Under Section 107 of the Copyright Act 1976, allowance is made for "fair use" for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. There are certain scenes from the Formula 1 calendar where race footage is used. All rights are property of FOM. Other photos and news elements are used solely for the purpose of assisting the original content in becoming more engaging or informative. This video is not intended to cause offence and is solely for entertainment purposes. Using this video without giving credit to the original source is an offence.
#StartYourOwnTeam #Formula1 #F1

Пікірлер: 157

@Jay-qm8cx 2 жыл бұрын

This video came at the perfect time because I was just looking to start my own F1 team this evening.

@starlikeguy 2 жыл бұрын

Can I have a 1000 dollars from that?

@dacoconutnut9503 2 жыл бұрын

Yes yes, in Codemasters game

@TheRacingPilot 2 жыл бұрын

Hahaha always happy to help!

@seventh-hydra 2 жыл бұрын

William Storey is that you?!

@wargodyuvraj1879 2 жыл бұрын

Can i get a gaming pc pls?

@thomasgibbons5082 2 жыл бұрын

Buying the f1 games tends to work for me!

@TheRacingPilot 2 жыл бұрын

Hahaha fair enough

@TheBje551 2 жыл бұрын

Looking at this video, now im impressed that Haas and Williams are still on the grid, struggling but you get the picture.....

@beeyiff 2 жыл бұрын

It's also why the fia and liberty media try to help struggling teams out by finding them new sponsors are even a new owner.

@TheRacingPilot 2 жыл бұрын

Yeh they are really struggling

@naheelsiddiqui8437 2 жыл бұрын

I clicked on this video even though I’m nowhere near purchasing a ticket to a race

@TheRacingPilot 2 жыл бұрын

Hahaha welcome to the club 😂

@samuelpearsall8624 2 жыл бұрын

Ah... I now see why I failed starting my F1 team, didn’t have desks, chairs and drill bits. If only this came out last year 🤦🏻‍♂️

@TheRacingPilot 2 жыл бұрын

Hahaha not gonna work 😂

@yekaneast Жыл бұрын

You forgot drill bits? Forgeting screwdrivers is what did me in.

@nert-13 2 жыл бұрын

For $350 million, just buy a Premier League club. More profitable, more fun, easier to run. F1 is still awesome as all balls

@TheRacingPilot 2 жыл бұрын

Fair enough, but we love F1 😍

@vedasamhitmatta8261 2 жыл бұрын

Right now,I was playing real racing 3 and this guy gave me a chance to appreciate it.

@TheRacingPilot 2 жыл бұрын

Haha exactly 😂

@fredric27 Жыл бұрын

Love that game what team ur with 🤷🏾‍♂️

@vedasamhitmatta8261 Жыл бұрын

@@fredric27 race in veins

@yashar283 2 жыл бұрын

When I was young I used to think drivers were the only important careers in Formula1, but later I learned that there's a whole bunch of super successful people who work in F1 they just might not be as famous as the drivers.

@TheRacingPilot 2 жыл бұрын

Absolutely, Formula 1 employs around 50,000 people!

@arthurdelaune8836 2 жыл бұрын

Would be good to have a video on teams like HRT, Caterham, and Manor on why they're no longer around and potentially the rise and fall of Force India to becoming Racing Point

@TheRacingPilot 2 жыл бұрын

Absolutely, I'll note it down 👍

@okbutwhocares 2 жыл бұрын

And what made RP so good at making the most with their income

@seventh-hydra 2 жыл бұрын

@@okbutwhocares I imagine inheriting the infrastructure from Jordan and some of the staff helped. It's an edge they had over teams like HRT, Manor, and Caterham, which were all started from scratch.

@oaz8 2 жыл бұрын

@@TheRacingPilot 😄

@pachidermo 2 жыл бұрын

This whole "owning sports teams" thing sounds really cool. It's unfortunate that access to it is restricted to people who happen to be insanely wealthy, because I'd love to try my hand at it.

@TheRacingPilot 2 жыл бұрын

Absolutely, I guess we can all dream! 😂

@neddiego2570 2 жыл бұрын

How to start a F1 team. Me : Ask from Vijay Mallya. Don't ask him how to start an Airline.

@TheRacingPilot 2 жыл бұрын

Can also get advice on how to get imprisoned 😂

@dacoconutnut9503 2 жыл бұрын

Pay the teams a generous fee of 200 million too

@TheRacingPilot 2 жыл бұрын

Yep

@chriseze8893 2 жыл бұрын

My f1 team is coming to grid soon in the near future

@TheRacingPilot 2 жыл бұрын

Looking forward to it 🙌

@Rich-sm3ho 2 жыл бұрын

why spend 350 millions dollar to start a team when you can start one for 49,99 in codemaster f1 game

@TheRacingPilot 2 жыл бұрын

😂😂😂 true

@justinpharand8454 2 жыл бұрын

Bruce McLaren, Eddie Jordan, Gene Haas. I can't believe he forgot the late Alexander Redbull. A real motorsports pioneer if I remember correctly

@TheRacingPilot 2 жыл бұрын

Alexander Redbull? 😂😂😂

@justinpharand8454 2 жыл бұрын

@@TheRacingPilot hahaha jk!

@hibiscushumbani 2 жыл бұрын

you need basically a billion dollars to start a team, thank you for this

@TheRacingPilot 2 жыл бұрын

Yes 😂😂

@shaxzodziyadullayev9115 2 жыл бұрын

This is the channel i have always wanted to watch. Little humour, categories, animations, understandable, informative and meets my expectations

@TheRacingPilot 2 жыл бұрын

Glad you've found me! 🙌

@ThePaulz80 2 жыл бұрын

Thanks for the info

@TheRacingPilot 2 жыл бұрын

Thanks for watching!

@heisenberg6997 2 жыл бұрын

Thank you for the video. See you all in the grid

@TheRacingPilot 2 жыл бұрын

Thanks for watching! 🙌

@Spyderz-xo9rz 2 жыл бұрын

"The more you spend the more successful you are" That's a nice way of saying PAY TO WIN hahaha

@TheRacingPilot 2 жыл бұрын

Pretty much haha

@Spyderz-xo9rz 2 жыл бұрын

@The Racing Pilot If teams had the same amount of money then we would see who the best driver is.I mean could Hamilton win in a Williams car you think ???

@ThomasDannhauser 2 жыл бұрын

Nice vid!

@TheRacingPilot 2 жыл бұрын

Thanks mate!

@rrevestual 2 жыл бұрын

that pan when bankrupt was mentioned to the rear of the force india car

@TheRacingPilot 2 жыл бұрын

😬😬

@patrickcesalestajodywibowo741 2 жыл бұрын

Okay, this useful for my first team in Motorsport Manager

@TheRacingPilot 2 жыл бұрын

Hahaha I'm glad to hear it!

@patrickcesalestajodywibowo741 2 жыл бұрын

@@TheRacingPilot since the game was quite realistic, it's made my teams are midfielder, so yeah. Good info.

@SteveMHN 2 жыл бұрын

I was just thinking about starting my own team, but I think i'll have to save up for a few more years):

@TheRacingPilot 2 жыл бұрын

Yeh you might need quite a lot 😂

@Simon_kristensen 2 жыл бұрын

If I had 350M dollars I'd invest them in my own racing career. Love your videos.

@TheRacingPilot 2 жыл бұрын

That's a good point, I'd probably do the same 😂

@Rahul-kz5fi 2 жыл бұрын

Thank you very much! I'm off to build my own F1 team now with mazepin and Maldonado driving

@TheRacingPilot 2 жыл бұрын

Looking forward to it!

@jatinsahu9208 2 жыл бұрын

Cash is King 👑👑

@TheRacingPilot 2 жыл бұрын

Absolutely 🙌

@Jacob-jo4px 2 жыл бұрын

Does the Concorde agreement only apply to newly joining teams from this year on or are existing teams paying it too?

@subfornoreason9130 2 жыл бұрын

It applies to new team from my understanding 😁

@TheRacingPilot 2 жыл бұрын

Just for new teams 👍

@BobbyGeneric145 10 ай бұрын

I wish Haas made a documentary about their formation. Itd be soo cool.

@tejasbharre50 2 жыл бұрын

This video is very helpful for startup f1 team but I have a question to start own f1 team is good or bad it chances to lose money.

@TheRacingPilot 2 жыл бұрын

Very very good chances that you will lose money, the nature of F1 is that you either break even or make a loss

@tejasbharre50 2 жыл бұрын

@@TheRacingPilot Ok thnx bro👍

@StreetDreamzTT 2 жыл бұрын

Anything about f1 is out for me. I’m too old to start the path of a driver. I’m too broke to start a team. 🤣🤣🤣 I can buy beers and have a great Sunday while watching tho 😎👍🏼

@TheRacingPilot 2 жыл бұрын

Sounds good to me!

@peterweer2867 2 жыл бұрын

🔥

@TheRacingPilot 2 жыл бұрын

🙌🙌

@Formula_Info_ 2 жыл бұрын

How do you know all this information? Do you work in the F1 environment by any chance?👀

@sunnohh 2 жыл бұрын

Its not like private info, just kinda basic knowledge in a quick video

@TheRacingPilot 2 жыл бұрын

No I don't actually 😂😂 I just do my research 👍

@somerandominternetuser9172 2 жыл бұрын

You forgot to include 'chief cheerleader' xd

@TheRacingPilot 2 жыл бұрын

😂😂

@mechsgtpuma938 2 жыл бұрын

The new concorde agreement makes it all but impossible for anyone baring manufacturers to enter F1. As when you look at Team lotus (collin Chapman's),March, Simtek, Jordan, Manor, Campos/HRT and EuroBrun to list a few former teams who all started out in lower categories such as F3, F3000, F2, sports cars , endurance racing and or suppliers/contractors to existing F1 team/projects. Where are the new teams going to come from? Or heaven forbid replace one that pulls out or fails

@TheRacingPilot 2 жыл бұрын

It definitely makes it very tough that's for sure

@scsmith4604 Жыл бұрын

Someone should try to do a few series of Crowdfunding rungs to get some outside investment. $1000K minimum. I bet a lot of F1 fans would pony up some cash.

@TheRacingPilot Жыл бұрын

Well sadly $1 million isn't close to being enough

@jacksonwanyoko273 Жыл бұрын

Yes I really would start and I won't care if it drains my pockets

@TheRacingPilot Жыл бұрын

It would be pretty awesome 😍

@TheDbtom 2 жыл бұрын

1 word: Money

@TheRacingPilot 2 жыл бұрын

Yes.

@dinkasaurus8243 2 жыл бұрын

funny, i always heard the joke "how do you make a small fortune in racing? ... you start with a large fortune!"

@TheRacingPilot 2 жыл бұрын

Exactly!

@nikesh_niki 2 жыл бұрын

Make video about Haas ferrari

@TheRacingPilot 2 жыл бұрын

Could do! 👍

@thatclanguy 2 жыл бұрын

Absolute colossala damage. Better be an sample inveetor in redbull or mercedes

@TheRacingPilot 2 жыл бұрын

Very very expensive 😂

@kumsalboyraz 2 жыл бұрын

You forgot the simulation center.

@TheRacingPilot 2 жыл бұрын

True, but that goes under capital equipment I guess 👍

@kataotr3816 Жыл бұрын

⭐️⭐️⭐️⭐️⭐️

@TheRacingPilot Жыл бұрын

🙌

@eddieke7053 2 жыл бұрын

In Africa there isn't a F1, now I know why

@TheRacingPilot 2 жыл бұрын

Exactly 😬

@ryx257 2 жыл бұрын

If I win the lottery, I will start an F1 team

@TheRacingPilot 2 жыл бұрын

Terrible choice 😂

@sunnohh 2 жыл бұрын

Plan on becoming a millionaire by starting as a billionaire: how to F1

@TheRacingPilot 2 жыл бұрын

Yes 😂

@johnrupesh4535 Жыл бұрын

Realistically, you nwed about half a billion dollars to start and do two full seasons.

@TheRacingPilot Жыл бұрын

Pretty much, it's insane 😂

@connorappleton1945 2 жыл бұрын

2:16 "Gene spends hundreds a million a year of his own focking money"

@TheRacingPilot 2 жыл бұрын

Hahaha absolutely

@ranvinuhewage4893 2 жыл бұрын

I actually don't know what gene hass expected.

@beeyiff 2 жыл бұрын

to battle in the midfield. they had a solid plan but the rich energy drama and ferrari engine issues messed them up.

@TheRacingPilot 2 жыл бұрын

Yeh it was never gonna be easy

@IZn0g0uDatAll 2 жыл бұрын

They did have a very strong season though, but things have really unravelled since. I think Mazepin is gonna be their biggest problem in the next years. Even if they manage to get a good car, they have an unfirable driver that doesn’t seem to be close to the level of his competitors. Add to that that the kid is the biggest pr disaster in f1 history, and your prospects are really limited.

@sugarmelon8641 2 жыл бұрын

BE SUPER RICH

@TheRacingPilot 2 жыл бұрын

Pretty much hhaha

@arthurteo5795 2 жыл бұрын

Given the gargantuan cost and task of starting a Formula 1 Team it's no wonder the Privateers end up in bankruptcy as the odds are against you from the very onset. I guess those privateers crazy enough to do it , do it out of love for the "Sport" and the Glamour and certainly not to make money because more likely than not : you will lose money and lots of it. The manufacturers do it for the publicity cum advertising value though the qualitative benefits as such are arguable. That said: Formula 1 is really not worth doing unless you're a "crazed billionaire" at the very least.

@TheRacingPilot 2 жыл бұрын

Exactly, most private teams compare purely for the enjoyment of the sport

@jackreaher36 2 жыл бұрын

How to start a moto GP team ? 😂😂

@TheRacingPilot 2 жыл бұрын

I assume pretty similar just cheaper 😂

@apoxalypsewhen 2 жыл бұрын

Well i think we wont ever see a 11th team again😂

@apoxalypsewhen 2 жыл бұрын

You won a sub btw

@TheRacingPilot 2 жыл бұрын

Unlikely 😂

@carlolaatst5649 2 жыл бұрын

Yikes just imagine if Bill Gates, Mark Zuckerberg or Jeff Bezos entered F1 with their own team.

@TheRacingPilot 2 жыл бұрын

Hahah they'd do pretty well

@carlolaatst5649 2 жыл бұрын

@@TheRacingPilot I can't imagine that a Microsoft/Facebook/Amazon F1 Team would have the same level of sympathy than the current F1 teams. 😂

@lyeswuacdein7997 2 жыл бұрын

Why you making fun of mazepin

@TheRacingPilot 2 жыл бұрын

Cuz it's fun

@michaelguziak4680 Жыл бұрын

》》》 *A New F 1 Team Ain't Happening..!! >> *F 1 does not want ANY New Teams.. So.. That Is That...

@TheRacingPilot Жыл бұрын

It certainly seems that way!

@R.Ale09 2 жыл бұрын

A huge problem would be finding two pillots for the team

@TheRacingPilot 2 жыл бұрын

Not necessarily, all drivers want to be in Formula 1

@R.Ale09 2 жыл бұрын

@@TheRacingPilot Im still confused on how the transfer works, do you HAVE to graduate from f2 or do you just take the “talent test” w the 300 laps and such

@nodo7575 2 жыл бұрын

Easiest part.

@stiliyanpopov4146 Жыл бұрын

Do Your homework!!! F1 covers the Movement of everything expect employees! ...

@TheRacingPilot Жыл бұрын

I'm not sure what you mean exactly?

@stiliyanpopov4146 Жыл бұрын

@@TheRacingPilot Hi, teams are not paing the shipping of cars, part, motorhomes and etc. So, This cost is not part of budget. Only the fly tickets and the accomodation of the personal. ✌️

@stiliyanpopov4146 Жыл бұрын

Anyway..I do appreciate the work behind those videos! 👍

@Sourav-shortss 2 жыл бұрын

Here after investing in crptocurreny

@TheRacingPilot 2 жыл бұрын

Yeh that's not much better than an F1 team 😂😂

@violetkatiex 2 жыл бұрын

I usually enjoy the videos- but even I'm cringing about the bitchy comments towards Mazepin. Stick to your KZfaq videos and be kind.

@TheRacingPilot 2 жыл бұрын

I haven't made a Mazepin joke in a while so don't worry I'm not anymore. More than anything it's just not funny anymore to be honest

@MolonyProductions 2 жыл бұрын

When it comes to f1, money talks and bullshit walks.

@TheRacingPilot 2 жыл бұрын

Pretty much

@Alone1am 2 жыл бұрын

Thumbs down for mentioning toto and lewis. Whom most f1 fans dislike hate and are frustated with their money made championships.unethival cheating ways and corrupting f1 and fia. So its a thumbs down

@TheRacingPilot 2 жыл бұрын

Ok... Do you expect me to not mention two of the most influential people in the sport? Slightly ridiculous to be honest