We all know running a Formula One team is expensive. And if you don’t know already let me remind you again. Running a Formula One team is an expensive endeavor. However, the rewards can be very high, and the repair bills are just as high.
The Typical cost to manage a formula One team for just one season is estimated to be around £158M ($208M) for top teams and around £50M for those lower down the pecking order. F1 teams tend not to reveal exactly how much is spent on a year-to-year basis. The figure quoted is a best-guess estimate at the very least and does not include preliminary research and development or production costs. A share of TV money, prize money, and revenue from merchandise allow teams to claw back some of the money spent over the course of a season. Sponsorship is the main source of revenue for all teams up and down the grid.
All F1 teams face variable costs during a season, specifically accident damage. Those crashes do look spectacular on the TV, and the audience loves it, but the engineers back in the pit lane don’t. Why? because not only does it take time to repair, a crash is also very expensive. Mercedes can afford it because prize money will cover costs. However, a back-of-the-field team like Hass has to grin and bear it.
Mick Schumacher may have started 19 out of 20 for most of the year, but at least he finished the 2021 season as the top crasher of the year. In total, Mick caused over 4M Euros worth of damage during his debut season. Surprisingly his teammate, Mazepin, was ranked number 8, with over 2M euros worth of damage caused.
A High-profile name was second on the list. Charles LeClerc’s driver errors cost Ferrari over 3M Euros worth of damage during the 2021 campaign. Max Verstappen claimed another end-of-year podium by ranking at number 3 for the most costly crasher of 2021. The new F1 world drivers champion effortlessly delivered over 3M Euros worth of damage.
The full list is below.
Formula One’s Most Costly Crashers of 2021
1. Mick Schumacher (Haas) 4,212,500
2. Charles Leclerc (Ferrari) 4,046,000
3. Max Verstappen (Red Bull) 3,889,000
4. Nicholas Latifi (Williams) 3,116,500
5. Valtteri Bottas (Mercedes) 2,713,500
6. Lance Stroll (Aston Martin) 2,686,000
7. Yuki Tsunoda (AlphaTauri) 2,606,500
8. Nikita Mazepin (Haas) 2,468,000
9. Kimi Raikkonen (Alfa Romeo) 1,950,000
10. George Russell (Williams) 1,845,000
11. Carlos Sainz (Ferrari) 1,756,000
12. Lando Norris (McLaren) 1,453,000
13. Lewis Hamilton (Mercedes) 1,235,000
14. Pierre Gasly (AlphaTauri) 1,113,000
15. Sergio Perez (Red Bull) 939,000
16. Antonio Giovinazzi (Alfa Romeo) 854,000
17. Daniel Ricciardo (McLaren) 713,000
18. Sebastian Vettel (Aston Martin) 660,000
19. Fernando Alonso (Alpine) 315,000
20. Esteban Ocon (Alpine) 280,000