The five biggest sponsors of Formula 1 teams in 2024

Big brands like Ferrari, Mercedes and Red Bull invest a lot ofmoney annually in their Formula 1 projects. Because F1 has becomeprofitable in recent years and the budget cap keeps costs undercontrol, teams are able to be profitable. This is partly becausemany outside sponsors currently pay large sums of money to beallowed on the teams' cars. In addition to the teams, F1 is alsobenefiting from the sport's growing popularity. For example, theFormula One Management recently signed multi-year contracts withsponsors such as Aramco, Crypto.com and LIQUI MOLY. F1 teamsponsors Financially, then, the sport is doing well and this isreflected in the sponsors we see on the various cars. We havelisted the biggest external sponsors of F1 teams and estimated theamount of money they transfer to the team each year. Obviously, RedBull Racing is of a different level both on and off the track thanthe rest of the field. Note: all figures below are estimates, basedon consultation with various sources within the F1 paddock and atdifferent teams. Top 5 external sponsors of F1 teams in 2024