One of the most expensive sports in the world is Formula One (F1) racing, with teams paying millions of dollars year to compete at the highest level. It’s a common misconception that F1 drivers’ contracts include free cars, although this is not totally accurate. They are not permitted to keep the race vehicles they drive, despite having access to the newest and most sophisticated ones on the circuit.
The F1 teams are in charge of providing the vehicles that the drivers use over the course of a race weekend. It is not practical for teams to give out F1 cars for free because the cost of building and maintaining one can reach millions of euros. However, winners are permitted to keep their winning trophies, which are frequently very expensive.
Let’s now discuss the expense of staging an F1 race. The price to host an F1 race might vary depending on where it is held. An F1 race typically costs $30 million to stage, according to reports. Nevertheless, this figure may change based on the location and the infrastructure there. For instance, it is anticipated that having an F1 race in Monaco will cost over $100 million, whilst holding a race in Azerbaijan will cost about $30 million.
There is only one F1 track now in use in America, and that is the Circuit of the Americas in Austin, Texas. Since 2012, this circuit has hosted the United States Grand Prix, and it has grown to be one of the most well-liked ones on the F1 schedule. In addition to this, attempts have been made to bring F1 back to other American racetracks including Long Beach and Indianapolis, but so far these initiatives have not been successful.
The Monaco Grand Prix has been held at the Circuit de Monaco since 1929, making it possibly the most well-known F1 venue. The track is well-known for its constrained design, sharp turns, and the well-known tunnel portion. Silverstone in the UK, Spa-Francorchamps in Belgium, and Monza in Italy are among other well-known tracks.
Last but not least, Formula One tracks are frequently long-lasting structures that are made to last for many years. They are made to adhere to strict safety requirements and offer drivers and spectators a demanding and thrilling racing experience. The basic layout and design of some courses may change over time in order to increase safety or improve the racing experience.
In conclusion, F1 drivers do not receive free vehicles, but they do have access to some of the most expensive and sophisticated race vehicles available. The cost of staging an F1 race can vary based on the venue and infrastructure available. The Circuit de Monaco is the most well-known F1 track in America, where there is only one. Tracks for Formula One are typically long-lasting constructions intended to offer a hard and thrilling racing experience.