Setting up a racing team

Kidzer · 5 Jun 2004, 17:18 (Ref:994795)

Hey guys, not sure if this is the Right forum, if not the it'll be moved i suppose.

Right, had a wild idea the other night, setting up my own Racing Team, dont have a name or anything yet really, but i think a team in GP2 and a team in FR2000 would be good, can anyone give me an idea of costs etc?... Or anyone know any websites with info? I googled it and it didnt come up with much, cheers lads n ladies

Hell, i might not ever do it but its an idea!!

Russfeld · 5 Jun 2004, 18:54 (Ref:994848)

How much money do you have?

Kidzer · 5 Jun 2004, 19:37 (Ref:994887)

none just now, its only an idea, im looking to see how much i would need to raise you see

DanFlag · 5 Jun 2004, 19:38 (Ref:994888)

Aim at 1 million just to make sure you can raise at least 500,000

Kidzer · 5 Jun 2004, 19:57 (Ref:994906)

DanFlag, dya think that would be enogh for 2 GP2 Cars and kit and 3 FR2000 cars?

Kidzer · 5 Jun 2004, 20:07 (Ref:994915)

And, just out of interest, does anyone have any idea what championships are best for attracting sponsors?

Russfeld · 5 Jun 2004, 20:16 (Ref:994919)

2 Gp2 cars and 3 F2000 cars and all equipment, you're going to need at least 3million Euros.

Kidzer · 5 Jun 2004, 20:40 (Ref:994939)

so....3million euros = £1,992,327.98, but then how much of that would essentially be a one off cost, ie workshop and hardware

Russfeld · 5 Jun 2004, 20:52 (Ref:994952)

Arden said their budget for 2 F3000 cars is 2.5mil Euros a year. And thats with economies of scale and no Renaults, and without the increased cost of GP2.

If you think you can raise that much money in sponsorship you'd be better off as a marketing agent.

Kidzer · 5 Jun 2004, 21:52 (Ref:994990)

lol, how would econimies of scale work with a two car team? Or do i have a different understanding of it?

Russfeld · 5 Jun 2004, 22:38 (Ref:995016)

Well I probably misused the term, what I meant was having an already setup team with cars and engines in their third season.

You'd get some cost reduction having your F3000 and Renault teams combined, and by having 3 Renaults instead of 2, etc.

But you're still looking at well over 3mil, and thats just the operating costs for one season.

Kidzer · 6 Jun 2004, 13:22 (Ref:995319)

Ah well, i might reconsider and just run renaults and see how it goes and then make a move to GP2

Russfeld · 6 Jun 2004, 13:59 (Ref:995333)

Or you could just sponsor 3 *excellent* FRS drivers and take a % of their future income.

sceptic · 6 Jun 2004, 15:22 (Ref:995380)

You could probably run a three car F Renault team for less than half a million Euro a year.

Russfeld · 6 Jun 2004, 18:05 (Ref:995430)

3 cars? Thats iffy without some sort of subsidy.

Well yeah, you could run 3 cars, but not to a level worth the effort.

Kidzer · 6 Jun 2004, 21:26 (Ref:995564)

Why not ALL of their future income?! heehee

kickstart · 7 Jun 2004, 06:46 (Ref:995833)

For most teams outside of F1, the drivers raise the budget not the teams. Certainly if the teams can obtain some sponsorship then this will help the profit margins, but this is only likely if the team becomes established and very sucessful.
If you did want to set up a team I would not start in F Renault 2000, it is too competitive and until you knew exactly what you were doing there probably would not be any results. Also without a pedigree it is unlikely you could attract quality drivers with the necessary budgets - circa 150k GB Pounds.
To start a proper team you are going to need a workshop, truck and awnings, pit and workshop equipment etc - maybe £25 - £40k, plus of course one or two excellent mechanics, someone who can engineer/set up the cars and probably a gopher.
Personally if I were you before you lash out good money on a truck etc why not try if you could work/ get some work experience with a decent team like Comtec or Manor.
Good luck

Kidzer · 7 Jun 2004, 09:30 (Ref:995947)

Aye, the cost of truck etc.. was one of my concerns, i don't really know much about the mechanics of cars so i don't think work experience would be much use unless they were willing to train me. But boy can i work a computer!

Kicking-back · 7 Jun 2004, 10:05 (Ref:995981)

Kidzer - if you don't mind me asking, how old are you.

Kidzer · 7 Jun 2004, 17:35 (Ref:996446)

16, but dont think im not serious about it

Kicking-back · 7 Jun 2004, 17:40 (Ref:996448)

Not suggesting you're not serious about it.

Just enquiring!

Most racing teams are set up by people who've been in the sport for years as mechanics/engineers/team managers, who have the contacts to bring in funding.

Or they're set up by wealthy individuals.

Kidzer · 7 Jun 2004, 19:35 (Ref:996572)

Thats ok Kicking-Back, i think i am more likely to be in the former rather than the latter. Does where you live affect how easy it is to obtain sponsorship? (I know Ryan Sharp is doing alright but...)

Kicking-back · 7 Jun 2004, 19:49 (Ref:996582)

You'd be best off getting a job with an existing team and learning from there.

105octane · 8 Jun 2004, 05:58 (Ref:996886)

Kidzer i think you are taking the ****!

Kicking-back · 8 Jun 2004, 12:25 (Ref:997224)

I don't.

He's just got big ambitions which will take him much longer than he thinks to achieve.

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