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The most dominant team of the past three years, Mercedes AMG, will spend just over $700 million chasing a fourth straight world title this season, which starts with Sunday’s Australian Grand Prix at Albert Park in Melbourne, according to a Sydney Morning Herald report.
Even though big budgets and huge spending cannot guarantee the title defense was evident at Albert Park in Melbourne on Sunday, when Sebastian Vettel pushed the Mercedes duo of Lewis Hemilton and Valtteri Bottas to the second and third position respectively.
Mercedes team boss Toto Wolff has revealed the staggering spend in his guest appearance at the Australian Motor Sport Hall Of Fame induction ceremony at the Melbourne Convention Centre last week.
Formula One is undoubtedly the most expensive sport in the world, with leading teams spending Rs 2500 crore rupees or more a year chasing grand prix glory. Or more. Much more. Read more information visit my website insidesport
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