The true cost of Formula One

F1 Racing is widely reported to be the world’s most expensive sports. It’s easy to see how this sport could gain that distinction—after all, each Grand Prix is an event that spans a few days, which can certainly take a toll on the racing vehicles. And, of course, much money is likely spent on mechanics, car maintenance, and car and engine parts.

Figures were published in F1 Racing magazine to give fans an idea of just how expensive this sport really is—and indeed, these figures are rather high. For example, it was estimated that all eleven Grand Prix racing teams spent about $2.9 million dollars during one recent year. The magazine noted that costs varied from between teams—Toyota spent over $418 million, whereas Super Aguri spent only $57 million.

Looking at these figures, one this is apparent—F1 racing is rather expensive. Whether is it the world’s most expensive sport, though, may still be up for debate.