Sore points?

How much would you pay for an F1 championship point? Cash up front, for the privilege of having it sitting there on your mantelpiece, to impress visitors and so forth. A tenner? A few hundred? How about $28.5 million?

That’s how much each of Honda’s 14 champ points garnered in 2008 cost the Japanese team. $28.5 million. Per point. Fourteen points from a total budget of just under $400m.

Honda’s were the most expensive points of any team that actually managed to get on the scoreboard in 2008, but spare a thought for Force India, who splashed out £122m for a return of precisely… no points.

At the other end of the scale, the 172 points secured by Ferrari came at a frankly miserly $2.4m apiece, despite the Maranello team spending more than any other team in 2008 – a massive $415m.

BMW and McLaren’s points cost the two teams just under $3m apiece, while the average cost of a point across all teams was a surprisingly accurate $4,378,133.90. Though you could probably haggle it down to a nice round $4,378,100 with a bit of bargaining.

Don’t feel too sorry for Honda, though. Their $28.5m per point looks like good value compared to last year’s tally: a mere six points at a cost of $57.2m each.

You have to wonder: in these straitened financial times, how long before old F1 points appear on eBay, auctioned off to the highest bidder? “Buy three Renault championship points and we’ll throw in one Nelson Piquet Jnr for free…”

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ye but it’s not about the money…

…HA!

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yeah but Honda gave up on they’re car almost instantly when they realised that the chassis had a design defect, so they through everything at 09 so expect to see them up there especially when you consider that McLaren and Ferrari kept developing there car to the last race. also force India’s deal with McLaren and Mercedes means they are going to be fast and they did a similar thing too Honda and Renault so it all looks quite even. lets just hope it’s more even for mcarlen

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It will be interesting to also get to know how much they are paid for each point; I remember in the 90’s the FIA distributed the TV rights’ earnings among the teams (and drivers) based on the amount of points each won, I suppose this still happens today?

If so, please Messrs Top Gear Sunday Afternoon Club Bloggers, publish!

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I seem to recall in the “good old days” that the teams that scored no points had to pay for their own transport to each race. Of course, now Bernie can’t really afford to lose any more teams, so perhaps this one has been binned?

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Stop Picking On Nelson!, I guess most of the top gear inter-ma-web people are just so enraged by a handsome Oxfordshire dwelling, F1 driving babe magnet with more money than testosterone. You will stop at nothing until his career in motor sport comes to an end.

Still…..If Renault do want to look for a new driver, I am available.

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“despite the Maranello team spending more than any other team in 2008 – a massive $415m.”

uhmh didn’t Toyota spend like $450m? and I even believe that even Mclaren spend more money then Ferrari

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Barracuda – yes. Ah. Oops. McLaren and Toyota did indeed spend more than Ferrari – Toyota splashed $446m and McLaren spent $433m. And we don’t even know whether that includes the bill for all that mineral water that Lewis got through at the Interlagos afterparty…

Anyhow, apologies. I knew the maths had to go wrong somewhere in there.

And Matt, may I assure you that Top Gear certainly does not want to bring Nelsinho’s motor sport career to an end. We hear there’s a spare seat going in next year’s Ginetta championship just crying out for his babe-magnetism…

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Toyota have the biggest budget, but almost the least experience in F1. Even Toro Rosso and Force India have more experience, given Toro Rosso is former Minard and Force India is former Spyker, Midlands and Jordan. BMW is mostly former Sauber also, so actually Toyota are the least experienced team on the grid given Red Bull is former Jaguar which was Stewart, which was Tyrell!!!

Toyota are just building F1 experience and eventually they will hit the nail on the head. As for Honda, if their 09 car is rubbish, then they might as well withdraw from F1, because that would be such a huge disaster and complete embarrassment considering they’ve spent 08 developing it as well!

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Apologies, Tyrell was taken over by BAR, which is now Honda. Stewart was a brand new team, but even they started 5 years before Toyota!!

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Unless the budgets differ wildly the team that wins the constructors is always going to spend less per point and the team at the bottom the most. Obviously there’s a few variances if you compare the order of the $/Point to the constructors championship (BMW and Macca swapping places) but that’s not by a lot (152K in F1 being ‘not a lot’) STR are out of place, but then most of their R&D etc is done by Red Bull, who, conversely, are down a place.

Being that there’s a finite number of points to be won each season it’s not like there’s ever really going to be anything that will change. If Renault were to get better value (less $’s per point) then someone else would have to lose out. Unless Reggie dropped their budget to $100m a year. Which also brings up the point of how accurate the estimates of team budgets are. I bet half of them are nowhere close.

Also worth remembering that for a team like BMW it’s a massive marketing exercise as much as anything else. So you’d have to offset the returns from FOM against the number of extra cars sold on the forecourts. Add in the R&D value gained (most of Honda’s F1 budget comes from Honda R&D in Japan for example.) and the figures go nowhere near explaining the effectiveness of an F1 team’s budget.

Having said that. I do quite like a pointless stat!

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@ Sam…. I was hoping that Piquet would read this thus buying me a Megane R26R or at least pass on his staff discount, he must have some sort of say over at Renault after all.
Maybe he gets to choose what brand of mineral water he has…. so long as it’s French. And doesn’t go from 0-hydrated faster than his team mate.

But I liked it when Coulthard was talking about Mr. Dennis showing a favourable leaning towards Mikka Hakkinen when they were at McLaren. Flavio seems to be treding in Ron’s footsteps.

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how the hell does williams stay afloat?

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good point yankee. williams are one of the the cheapest teams and to be honest, least successful.

All of you pick on Nelson/ Nelsinho/ Piquet/ Piquet Jnr (what is his name?) but id like to see him try the top gear test track in the liana and try to beat the Stig. Although to be honest, the day Piquet is top of the Top Gear board is the day i break my TV like Luca Di Montezemelo watching the Brazilian race.

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Are the FIA crazy? They say that they need to cut costs, so here’s one if you haven’t guessed – cut point costs!

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“yeah but Honda gave up on they’re car almost instantly when they realised that the chassis had a design defect, so they through everything at 09 so expect to see them up there especially when you consider that McLaren and Ferrari kept developing there car to the last race. also force India’s deal with McLaren and Mercedes means they are going to be fast and they did a similar thing too Honda and Renault so it all looks quite even. lets just hope it’s more even for mcarlen”

Yup, because having the constructors championship winning engine in their car this year did *so* much for them…

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Sabs said…
Are the FIA crazy? They say that they need to cut costs, so here’s one if you haven’t guessed – cut point costs!

FIA cut cost, NOT competitors team cut cost.

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rule 1 of economics: A product is worth what people will pay for it. If ferrari etc. want to spend £1000000000000000000 on an engine, thats their problem.

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I’d pay £5000 on a F1 car.
Can some one, tell me why you need a’F1′ car.
in the ‘UK’ you can not use the car, for what its use for…LOL

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What about little old Pacific Racing? Anyone remember the year they tried to compete in F1?

And what is with the Piquet bashing? Hes actually a quality driver with plenty of racing skill.

But as to the matter at hand, it does go to show really that no matter the amount of cash you throw at F1, unless you actually have the knowledgable and skilled staff your on to a hiding to nothing.

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One way of making points cheaper is to give double points per race!!!

2 points for the price of 1

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why is it that we have to put up with a bunch of c list stars in a reasonably priced car every week when we really want to see blokes ( and girls) like you and me given a chance. These so called celebs have had their chance and most failed. I have an idea clarkson what about a reasonable bloke in celebs car!!! Sounds like a hit to me I could take some c lister pride and joy for a thrash around the Top Gear test track until the tyres fall off. Oh by the way great show keep up the good work even captain slow is entertaining these day Aj

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catersam said…
rule 1 of economics: A product is worth what people will pay for it. If ferrari etc. want to spend £1000000000000000000 on an engine, thats their problem.

yes, but….
the sport is already 2 teams short of a full grid. williams lives paycheck to paycheck, and dietrich already wants to dump str. vijay will bail out once he realizes his miracle win isn’t going to happen.

if any teams fold at this point, f1 risks losing sanctioning. they must make an effort to keep the grid full. not easy when it’s almost guaranteed that half a billion dollars per year will be incinerated with nothing to show. sponsors won’t even get exposure in north america, but plenty in abu dhabi ???

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How about working with divisions? Get a bigger grid of F1 cars with different types of engines (V10/V8/V6 or 3,0l/4,0l/5,0l or N/A /Supercharched/Turbocharg ed or $100mil/$300mil/$600mil or …) and then divide those in to divisions… give points to each division and you get 3 championships for the prize of one… also since there is a fuller grid, it would give more spectacular races since faster cars will have to lap ALOT more cars…
Then maybe trow in an endurance race in it where 2 test drivers join the main drivers in a 24hour race…

It’s working fine in GT races… so why wouldn’t it in F1 races?
I know that I would watch the smaller teams battling it out like big shots amongs eachothers… :)

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well lets just hope mclaren doesn’t go

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