How Much Did Mercedes Lose in Formula One Last Year?
The report of Mercedes-Benz Grand Prix Ltd. recorded a loss of £76.9 million in Formula One last year. According to Autosport website, the team had £240.2 million operating expenses in the 2014 season. Based on the source, the overall expenditures of the team was £49.5 million higher than in 2013, wherein it only listed a figure of £190.7 million during that period. On the other hand, the losses incurred by the team was significantly higher in 2014 than in its previous year by £25.8 million. The higher spending of the group was attributed to higher wages, more performance bonuses, and other costs arising from the regulation change in the sport. It noted that the overall wages of the… Continue Reading »