Ferrari is the most valuable of the 10 franchises in Formula 1 with $6.4 billion as the sport collectively holds over $34 billion, according to Sportico's latest team valuations published Thursday.
The average F1 franchise value is now higher than the average value of a Major League Baseball club, Sportico found. F1's $3.42 billion average valuation clears MLB's average of $2.82 billion, behind only the NFL and NBA in average franchise value.
"The 10 teams shared total prize money payments of $1.27 billion in 2024, up from $1.22 billion the prior year," Sportico reported. "The distributions consider the previous year finish by teams on the track in the Constructor standings, as well as the current year revenue of Formula 1.
Title-winning teams and teams that finished in the top three over the past decade are eligible for additional payments. Ferrari gets an additional bonus that runs into the tens of millions of dollars because of its historical standing in the sport."
After Ferrari, Mercedes came in second with a $5.88 billion valuation, followed by McLaren ($4.73 billion) and Red Bull Racing ($4.32 billion), the home of four-time defending champion Max Verstappen.
The least valuable team, Haas, was still worth $1.68 billion, more than Sportico's valuation of the Milwaukee Brewers ($1.63 billion).
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