Formula 1 makes bumper profits as bid rumours continue

~Mike~ · 19 May 2011 at 08:11

New analysis of the finances of Formula One motor racing has revealed the huge profits made by the sport's owners.

The Formula Money report says that F1's holding company made net profits in 2010 of $137.1m (£85m) after costs, which included paying race teams $658m.

It brings the net profits made since private equity firm CVC took control of F1 in 2006 to $1.22bn, the report says.

Full Story here

dannyjo22 · 19 May 2011 at 08:37

I wouldn't call that a bumper profit, considering the total over 5 years the profit seems to be down. Nothing to what Bernie used to take from the sport. He sold at the right time, he screwed the teams for years then when they started wanting some of what they helped to make, he sold it on.

therealnerd2 · 19 May 2011 at 09:12

Doesn't seem like HUFE PROFITS to me for "the biggest sport in the world".

Baboonanza · 19 May 2011 at 11:51

To put it in some perspective Man U's operating profits topped £100m for the first time last year. That's probably the biggest profit of any Football club in the world, though it's possible American Footbal makes more money. Incidentally Man U still ended up losing many millions overall after debt repayments etc. which I suspect also aren't isn't in the figures above.

So for sport that's a pretty huge profit for a single organisation.