S1E1: Do racing teams actually make money? TransportBT

It’s F1 season in Singapore. As the big-league Ferraris and Red Bulls speed past the Marina Bay skyline, we zoom in on the overlooked world of small league motorsport racing. From grassroots car park rallies in the 80s to Hong Kong superstars and the mega-rich who pay millions to live their childhood racing dreams, we hear the untold stories of motorsport racing. And we ask the hard-hitting questions, like is it true that most racing teams don’t make money? And why does Sergio Perez still have a job? Welcome to the debut episode of our newest podcast, TransportBT, where BT correspondent Derryn Wong takes you through the business of moving things around. To kick things off, Derryn sits down with team manager of Toro Racing and Singapore’s own racing legend Ringo Chong to give you the insider’s take on the business of speed. You might also find these interesting: BT Money Hacks: Investing in cars: worth it or lemons from the start? Are you really an F1 nerd? Take this quiz to find out. --- Highlights: 02:28 Racing beyond the world of F1 05:14 How expensive is racing 08:10 Do race teams actually make money 11:23 Teaching Aaron Kwok how to drive 14:14 Pay Drivers are a fact of life 18:46 The future of racing is in China --- Send us your questions, thoughts, story ideas, and feedback to [email protected]. --- Written and hosted by: Derryn Wong ([email protected]) With Ringo Chong, team director, Toro Racing Edited by: Emily Liu & Claressa Monteiro Produced by: Derryn Wong & Emily Liu Engineered by: Chai Pei Chieh A podcast by BT Podcasts, The Business Times, SPH Media --- Follow BT Correspondents: Channel: bt.sg/btcobt Amazon: bt.sg/btcoam Apple Podcasts: bt.sg/btcoap Spotify: bt.sg/btcosp YouTube Music: bt.sg/btcoyt Do note: This podcast is meant to provide general information only. SPH Media accepts no liability for loss arising from any reliance on the podcast or use of third party’s products and services. Please consult professional advisors for independent advice. --- Discover more BT podcast series: BT Mark To Market at: bt.sg/btmark2mkt BT Money Hacks: bt.sg/btmoneyhacks WealthBT: bt.sg/btwealthbt PropertyBT: bt.sg/btpropertybt BT Podcasts: bt.sg/pcOM BT Market Focus: bt.sg/btmktfocus BT Branded Podcasts: bt.sg/brpod BT Lens On: bt.sg/btlensonSee omnystudio.com/listener for privacy information.