Those costs can be as much as $10,000,000 with training, equipment and travel taken into account, proving that it can take more than just skill and dedication to reach the top. Lewis Hamilton is a rare example of a driver who has come through from a working class background to reach the top of F1, but he has expressed his concerns over whether it can be repeated due to the increasingly extravagant costs that are involved from an early age. The Cost of Raising a Pro looks at 10 selected sports and compares the price of becoming a professional, and it shows that it can cost millions of pounds to aspiring racing drivers if they want to reach the top of the sport. Motor racing has a reputation as one of the most glamorous sports in the world, but there are concerns it is becoming increasingly elitist due to the spiraling costs of participating from a young age. Most professional drivers rely on external funding to reach the topĪ new study shows Formula 1 is pricing children out of the sport.Karting alone can cost $60,000+ a year, often without sponsorships or outside backing.It can cost $10,000,000 to progress from karting to the F1 grid.Does Formula 1 price aspiring children out of the sport?.The True Cost of Raising a Formula One Driver
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