Mercedes lose millions despite title double

Mercedes F1 have posted a loss of £76.9million ($117m) for the 2014 financial year, despite winning both the Drivers' and the Constructors' Championships.

The Brackley-based team reported a substantial increase in revenue, but an even greater rise in cost means that the team walks away with significant losses, although they are “within the pre-defined parameters set by the shareholders.”

Mercedes' revenue, which primarily comes from sponsorship and prize money, increased from £125.2m in 2013 to £146.9m in 2014, while their operating costs rose from £190.7m to £240.2m, a figure put down to the high costs of the hybrid V6 rule changes.

The financial report indicates that Mercedes are expecting a major boost in revenue due to their successful campaign. 

It said: "The agreement with the Commercial Rights Holder has provisions for significantly increased revenue flows based on sporting performance, some of which will be triggered in 2015 as a result of the team's performance in 2014.”

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