Brawn GP Made $150M+ Last Year

Brawn GP made £98.5 million ($153.3 million or EUR117 million) during the course of the 2009 Formula One championship. The team that almost went bankrupt at the end of the 2008 calendar year, following Honda's withdrawal from the sport due to economical reasons, proved to be the business of the decade for its directors, who shared an overall £20 million worth of dividends ($31.3 million or EUR23.9 million).

According to a report from Bloomberg, via ESPN F1, the new owner of the Brackley based organization, German giant Mercedes-Benz GP, filed the team's accounts at the Companies House in London and it shows that sales throughout the 2009 season of F1 were increased by 38 percent as compared to the previous season, when the squad was owned by Honda.

Just to remind you of the situation of the team prior to becoming a world championship winning squad, remember that team bosses Ross Brawn and Nick Fry had to search (unsuccessfully) for the entire off-season for a sponsor to come and rescue the former Honda F1 Racing team, until finally deciding to purchase the organization on their own.

After months of trying to figure out a viable economic future for the team, Brawn and Honda agreed on a management buyout, leaving the entire staff (the majority of which were let go, while the other had to accept pay cuts) in the hands of the former Ferrari-an.

As you all know, the newly-founded Brawn GP team got off to a perfect start last year and eventually secured both the constructors' and the drivers' titles. The success was translated into a quite nice bonus for the directors also, who were paid no less than EUR8.4 million in salaries throughout the duration of 2009, plus the EUR3.5 million they loaned the company to stay afloat in the off-season.

The icing on the cake came at the end of the 2009 season however, as Brawn GP's post-season celebration was followed by the selling of the team to German carmaker Mercedes-Benz and Abu Dhabi fund Aabar Investments PJSC. The Brackley based organization therefore became the works team for Mercedes in Formula One, in exchange of a presumable sum of £110 million.
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