Mercedes F1 spent $442 million in 2019 but still made money


Formula One F1 - Italian Grand Prix - Autodromo Nazionale Monza, Monza, Italy - September 5, 2020 Mercedes' Lewis Hamilton in action during practice REUTERS/Jennifer Lorenzini

LONDON (Reuters) - Formula One champions Mercedes spent 333 million pounds ($442 million) in winning both titles last year but still reported a profit, according to the team's published 2019 accounts.

Mercedes are on course to win both titles again this season for the seventh year in a row, with six-times world champion Lewis Hamilton 47 points clear of his closest rival Max Verstappen after seven races.

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