With the popularity of Formula 1 at unprecedented levels, the value of teams has increased into the billions.

It therefore comes as no surprise that there are those interested in joining the grid, looking to benefit from that rise. But what does it really cost to get a new F1 team started?

How much does it cost to start an F1 team?

Formula 1 is one of the most expensive sports on the planet, with teams investing hundreds of millions of dollars annually to field two cars in 24 races a season.

The resulting engineering marvels are the product of over 1,000 people’s efforts, employ cutting-edge design and manufacturing techniques, and are driven at incredible speeds by the most skilled drivers available.

Nothing about F1 is cheap; McLaren paid over $6 million (£4.5m) just to enter this y

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