Since Liberty Media took over F1 in 2017, the transformation of the sport has been nothing short of staggering.
The most startling statistic that highlights such a change is the valuation of the 10 teams.
Before Liberty's arrival, the sport was in a relatively healthy financial position, although its attempt to expand the grid a few seasons previously with a trio of teams fell by the wayside as they all went out of business.
Steadily, Liberty has built F1 into a sporting leviathan, and the valuation of the teams has grown exponentially, not just over the past eight years overall, but even since 2023.
The prompt has been the minority sale of shares of late, such as those by Aston Martin owner Lawrence Stroll, and most recently, the roughly five per cent acquisition of a stake in Mercedes by George Kurtz, CEO and founder of CrowdStrike, from Toto Wolff.
That has placed a $6 billion valuation on Mercedes, a rise of 58% over the past two years, according to Forbes.
They are not the most valuable team, however. That honour belongs to Ferrari at $6.5 billion.
Forbes estimates the average valuation to be $3.6 billion. It is all a far cry from the days when former F1 supremo Bernie Ecclestone ran the roost.
Check out the valuations for all the teams, as estimated by Forbes, below.
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