F1 has not limited the spending of its teams since the series was launched in 1950 but that is all about to change. The surge in spending is most apparent when looking at the financial statements of the Williams and McLaren teams. It spent $26.7 million (£20.7 million) giving the team a $1.4 million (£1.1 million) net profit with Williams following close behind. It made a $0.9 million (£0.7 million) net profit as the team had just $19.7 million (£15.3 million) of revenue and $19.2 million (£14.9 million) of costs. Net losses at Williams peaked at $51.9 million (£40.3 million) in 2014 but its costs still hadn't hit top gear.

Source: Forbes February 09, 2020 15:45 UTC