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Mercedes put a £324m price on its 2020 world championship
Reigning F1 world champions Mercedes spent £324m to win the world championship in 2020, but despite the hefty expense and the impact of the Covid-19 crisis on F1, the German outfit still racked in a profit last year. Newly released company accounts show that the Brackley squad's revenue fell only slightly from £363.6M to £355.5m in its fiscal year 2020. The numbers reflect the sport's overall drop in revenue due to the lesser amount of races last season but also a surprising boost in sponsorship income for Mercedes that mitigated F1's reduced payments to teams. Furthermore, Daimler's contribution last year was fractionally reduced compared to 2019, the manufacturer supporting its F1...
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