As you might know, over the last few weeks...

Honda have pulled out of F1 for the near future because they can't afford it... (And may even can their highly succesful MotoGP Campaigns)

This morning Suzuki confirmed they are also withdrawing from the WRC Championship as of immediate affect also because of rising costs.

It seems that Motorsport is heading rapidly downhill in the global economic crisis. I dont know of anything like America Cup races being scarpped because they are too expensive... But alas, Motorsport is only recreational, whereas selling cars (or bikes) is there main business I guess.

honda sucked in f1 so they wont be a big loss

from what i know, not many teams make a profit from f1 (am i correct?) and in this sense it's a luxury to teams that they wont be able to afford in the credit crunch. im not exactly sure on that however, but its bad for the sport seeing teams leave

I'm pretty sure you're right there. The sponsorship probably doesn't cover the costs, meaning it costs them to enter. It used to be a good advertisement for their other cars, but I don't think it's as effective any more.

i blame the government for making it difficult for cigarette companies to advertise......^^

they get money for the sponsors on the cars and on the suit things and then they get the money from when they show adverts for eg on the abby national advert it says official sponsors of maclaren sorry i cant spell and they get something like £750,000 every time that adverts shown

but it costs millions to build the car, pay the drivers, the staff, the engineers, the designers, etc. etc.

yes but they get money from all the other thousands of sponsors on the suit and car and how many times is that abby advert shown on every t.v channel everyday

the costs of building a car can be billions lol. i dont doubt they make lots of money from advertising, but they do also have huge costs. I doubt they make a profit from the advertising.

and the teams get money for where the cars come in the race maclaren as an example again ar always in the top 10

no teams have an excuse for dropping out now !!!! ^^

lol whats that suppsoed to mean:P

Heh, they do get money from doing well. That's the money that comes from F1 being sponsored, I think. The money they get from sponsorship is a lot, but not enough to cover costs.

well as long as maclraren and Ferrari stay in there will be a good race

Not really, 4 cars won't really make it that interesting.

well yano what i ment

Not really Billions...

But Ferrari and McLaren have annual budgets of around $350 million. Indeed, most of this is covered by sponsorship, but a lot still has to be pumped in from other venues. The odd thing about F1 is, if you're doing well you tend to stay doing well.

This is because the higher up the table you finish the season, the bigger the slice of money you get for the next year at the end of the season when all the money from the circuits come in. The problem with F1 is that you have to pay for everything. The circuits have to pay for the races to even be held (mostly at a loss, Australia - Melbourne and Germany - Now swithcing between Nurburg and Hockenheim, are losing around $10 million everytime they host).

What we need to is to go almost right back to basics. I think F1 should be scrapped totally, and more support thrown into a global GT series based on production cars like the McLaren SLR and top end Ferrari's should become the "top of motor racing". Single seaters just dont cut it anymore in my opinion...

it's billions because they have to bribe all the other teams

Kawasaki have now pulled out of MotoGP (MotorCycling) World Championship, citing costs and lack of results as a reason for the move.

D: