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Explained in plain English

How much does F1 cost?

Formula 1 teams operate with budgets often exceeding £100 million annually (from 2023), covering car development, staff salaries, and logistics. A cost cap, introduced in 2021, limits spending to promote fairer competition, preventing the wealthiest teams from simply outspending rivals like Red Bull and Ferrari.

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Hamilton fastest in final US Grand Prix practice, ahead of Verstappen and Leclerc

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