How do auto racing teams make their money?
- Post By Landon Speedwell
- on Mar 3 2023
- 0 Comments
Auto racing teams make money from sponsorships, team ownership, technical partnerships, driver wages, and merchandise sales. Sponsorships come from large companies, who pay for their logos to be put on the cars. Team ownership involves selling the cars and investing in new technology. Technical partnerships involve working with other teams to share technology. Driver wages are either set by contract or depend on winning races. Finally, merchandise sales involve selling team-branded items such as hats, t-shirts, and other memorabilia. In summary, auto racing teams make money from various sources, including sponsorships, team ownership, technical partnerships, driver wages, and merchandise sales.
- auto racing
- teams
- money
- sponsorship
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