Recent spending caps implemented across Formula 1 teams have reportedly got investors racing to deploy funds into the fast-growing racing sport.
The cap has put smaller teams and larger teams on more equal footing, allowing for more competitive seasons – and subsequently, elevated the value of teams league-wide.
“When we got involved the bottom teams were being traded for zero,” said Liberty Media CEO Greg Maffei. “Today I don’t think you could buy a team for less than $750 million, and the top teams are valued around $3 billion.”
As Formula 1 continues to gain new fans across the world, venture capital’s interest in the sport is only set to keep picking up speed in the years to come,