LEWIS HAMILTON’s Mercedes team spent a whopping £325million to win the F1 title last season. New figures posted in the team’s accounts show that the Silver Arrows invested heavily despite it being a Covid-hit 17-race season. This year, however, the team have undergone a restructuring process as F1 has introduced a new cost-cap of £115million, although that excludes driver’s salaries. Mercedes F1 boss Toto Wolff is quoted in the report, saying: “In 2021 the team will continue to develop its financial sustainability, aided by delivering maximum competitiveness under the new financial regulations and by diversifying and leveraging the capability of the team through the Applied Science division. Furthermore, the team received 19.2 percent of the TV coverage last year.

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