P1racenews AI automatic summary:
The valuations of F1 teams have reached crazy numbers.
According to Sportico, Ferrari may not be performing the best on the race track, but they hold the highest valuation among all Formula 1 teams. The 10 F1 teams have a combined worth of $15.3 billion. In terms of revenue, they generated a total of $3 billion in 2022. Joe Pompliano, a sports-business expert, believes that Alpine’s value surpasses the reported $900 million, especially after the major investment involving Ryan Reynolds and Rob McElhenney. It is worth noting that Toto Wolff, who owns one-third of the Mercedes F1 team, is officially a billionaire himself. He also benefited from the rise in Aston Martin’s share price this season, as he owns 1 percent of Mercedes’ customer team.
