Category: Budget
Posted by: Mike
Dave Gran at GoAheadTakeTheWheel has posted an interesting series of articles about the realities of professional road racing:

Introduction: Dark $ecrets The Realities of Professional Road Racing

This may or may not come as a surprise to you. Looks like Dave has done a lot of research for this series, and his numbers for the costs of rides at different levels are about in line with what I've known and expected.

The percentage of paid vs. paying drivers is interesting and not something easy to find out. If anything seem a bit optimistic, as Dave mentions. Salaries for actual paid drivers are interesting as well, and go up to higher then I expected!
Category: Budget
Posted by: Mike
Here's an interesting clip during a broadcast of the 1985 PPG Indycar Series:

1985 CART Indy Car Team Cost Featurette

The price they come up with for a competitive single car team is $2.3 million, which includes purchasing new chassis, engines, transporters and equipment, hiring a team and a "test team" budget. See the video for the breakdown of costs.

I ran that figure through an online "inflation calculator" and it comes to about $4.54 million in 2008 dollars.

Interestingly, that's not too far off this 2006 estimate of $5.47 million to run one car in the current IRL Indy Car series. Of course, that's after numerous cost cutting attempts by the IRL. As of 2009, the series still uses the same cars and engines as 2006 and there has been more cost cutting but who knows how effective.

During CART's peak in the mid to late 90's, budgets were rumored to be $10 million + for a car.
Category: Budget
Posted by: Mike
Check out this interesting series of articles from The Last Turn Clubhouse. It provides a comprehensive brakedown of the budget to run a car in the two major sports car racing series in the US - ALMS and Grand-am.

Few things I found interesting: The GT class is not much cheaper to run the the LMP classes in ALMS, and the Grand-am Daytona Prototypes are not significantly cheaper then ALMS prototypes, but still (according to the article) cheaper then the ALMS GT class!