All F1 Teams Valued Over $1 Billion by 2024: A Game-Changing Era in Formula 1

A recent report from Sportico has revealed an exciting milestone in Formula 1’s financial landscape: by 2024, every one of the 10 F1 teams is valued at over $1 billion, with Ferrari securing the top spot. This development underscores the immense growth and popularity of the sport, particularly under Liberty Media’s stewardship since 2017.

Liberty Media’s Impact and Formula 1’s Unprecedented Growth

F1 has undergone a transformative period, with initiatives like Netflix’s Drive to Survive significantly boosting the sport’s visibility and appeal to a global audience. As a result, the calendar has expanded to include 24 Grands Prix, and Formula 1 has partnered with a wider range of high-profile brands.

One of the most pivotal changes in recent years has been the implementation of a cost cap, which is set at $135 million for the 2024 season. This measure was primarily designed to level the playing field by limiting how much teams can spend on car development. However, it has also made F1 teams more financially sustainable and attractive as businesses.

Ferrari Tops the Valuation List

According to the report, Ferrari leads the valuation rankings with a staggering worth of $4.78 billion. The iconic team also generated the highest revenue in 2023, amounting to $619 million. Ferrari’s dominance in valuation reflects its enduring legacy, fanbase, and brand strength.

Other Notable Rankings

At the bottom of the list is Haas, valued at $1.02 billion, with a 2023 revenue of $184 million. Despite being last, Haas’s valuation highlights how even the smallest teams have benefited from F1’s financial boom.

World champion team Red Bull takes the third spot with a valuation of $3.5 billion and a 2023 revenue of $555 million. Meanwhile, Mercedes, known for its dominance in the hybrid era, is ranked second at $3.94 billion, boasting the highest revenue of $680 million in 2023.

Full Valuation Rankings

Here is the complete list of team valuations and their 2023 revenues:

1. Ferrari: $4.78 billion (2023 revenue: $619 million)

2. Mercedes: $3.94 billion (2023 revenue: $680 million)

3. Red Bull: $3.5 billion (2023 revenue: $555 million)

4. McLaren: $2.65 billion (2023 revenue: $536 million)

5. Aston Martin: $2.07 billion (2023 revenue: $304 million)

6. Alpine: $1.5 billion (2023 revenue: $311 million)

7. Williams: $1.24 billion (2023 revenue: $158 million)

8. RB (AlphaTauri): $1.22 billion (2023 revenue: $226 million)

9. Sauber (Alfa Romeo): $1.2 billion (2023 revenue: $189 million)

10. Haas: $1.02 billion (2023 revenue: $184 million)

The Cost Cap’s Role in Financial Stability

The cost cap has played a crucial role in driving these valuations. By limiting excessive spending, it has enabled teams to operate more efficiently while still fostering competitive development. This financial framework has made teams more appealing to investors and stakeholders, solidifying their long-term stability.

What Lies Ahead for F1?

As Formula 1 continues to grow, these billion-dollar valuations signal the sport’s potential to become even more lucrative. With a packed race calendar, increasing fan engagement, and a sustainable financial model, F1 is positioned to remain a dominant force in the sports and entertainment industry for years to come.

While Ferrari remains the crown jewel in terms of valuation, the consistent growth of teams like Haas and Williams highlights the widespread benefits of Liberty Media’s innovative approach to managing the sport. The future of Formula 1 is brighter than ever, both on and off the track.