The big F1 race Ferrari is WINNING in 2023
The big F1 race Ferrari is WINNING in 2023
Ferrari has been named F1's most valuable team by Forbes magazine with a staggering valuation of $3.9 billion (£3 billion).
The Scuderia claims the top spot in the financial race ahead of Mercedes and Red Bull, with the championship leaders valued at more than a billion dollars less than the Maranello marque.
Ferrari is currently positioned fourth in the constructor's standings, with drivers Carlos Sainz and Charles Leclerc but it doesn't stop the Italian being the most valuable in the sport.
Forbes revealed that Ferrari is valued at $3.9 billion (£3 billion),with Mercedes close behind at $3.8 billion.
READ MORE: Leclerc insists he would never swap Ferrari for 'UNBEATABLE' Red Bull
Leading the championship, chasing the valuation
As the current leader in both the drivers' and constructors' championships, Red Bull Racing as the frontrunner on the F1 track.
It's a different story off-track when finances come into play. Red Bull Racing holds a valuation of $2.6 billion (£2.05 billion).
Digging a little bit deeper by looking at EBITDA (a financial measure that shows a company's operational earnings before considering interest, taxes, and certain non-cash expenses) Ferrari places second, at $115 million (£91 million).
Here, they are bested by Mercedes, who boast an EBITDA of $192 million (£152 million), and sit ahead of Red Bull with an EBITDA of $85 million (£67 million)
Williams' financial challenge
Williams stands uniquely as the sole team with a negative EBITDA of -$5 million (£-3.95 million).
Williams' negative EBITDA isn't entirely unexpected, given the team's recent history of financial difficulties.
Under the guidance of team principal James Vowles, Williams has embarked on a significant transformation. Vowles has been steering a comprehensive overhaul to revitalise the team's fortunes on and off track, which will hopefully reverse the negative financial picture.
READ MORE: Vowles reveals PIVOTAL change he's made as Williams F1 boss
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F1 Standings
Drivers
- Oliver Bearman
- Charles Leclerc
- Carlos Sainz
- Lando Norris
- Oscar Piastri
- Pierre Gasly
- Esteban Ocon
- Sergio Pérez
- Max Verstappen
- Alexander Albon
- Logan Sargeant
- Lewis Hamilton
- George Russell
- Nico Hülkenberg
- Kevin Magnussen
- Fernando Alonso
- Lance Stroll
- Valtteri Bottas
- Zhou Guanyu
- Daniel Ricciardo
- Yuki Tsunoda
Races
- Gulf Air Grand Prix of Bahrain 2024
- Saudi Arabian Grand Prix 2024
- Grand Prix of Australia 2024
- MSC Cruises Grand Prix of Japan 2024
- Grand Prix of China 2024
- Miami Grand Prix 2024
- Gran Premio dell'Emilia Romagna 2024
- Grand Prix of Monaco 2024
- Grand Prix du Canada 2024
- Gran Premio de España 2024
- Grand Prix of Austria 2024
- Grand Prix of Great Britain 2024
- Grand Prix of Hungary 2024
- Grand Prix of Belgium 2024
- Heineken Dutch Grand Prix 2024
- Grand Prix of Italy 2024
- Grand Prix of Azerbaijan 2024
- Grand Prix of Singapore 2024
- Grand Prix of the United States 2024
- Gran Premio de la Ciudad de Mexico 2024
- Grande Prêmio de São Paulo 2024
- Heineken Silver Las Vegas Grand Prix 2024
- Qatar Grand Prix 2024
- Grand Prix of Abu Dhabi 2024
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