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5 things that are costlier than India's Sports Budget

India's Sports Budget has shown a significant increase for the coming year. However, not everyone is happy about it.

FEATURED WRITER
Top 5 / Top 10 03 Feb 2018, 18:20 IST
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There have been a few questions raised about the new Sports Budget.
There have been a few questions raised about the new Sports Budget.

India's Sports Budget for the upcoming fiscal year, which was announced by Finance Minister Arun Jaitley, has brought in a fresh air of optimism in the sporting community.

With a total of Rs 2,196.36 crore ($343 million approx) being allotted for the development of various sports in the country, the budget sees an overall increase by 13.3 percent.

However, the Government has also come under some criticism for not allotting enough money in certain sectors. While 23.67 percent of the budget has gone to the Khelo India school games, the budget for the enhancement of the sports facilities in Jammu and Kashmir has been slashed to Rs 50 crore from last year's Rs 75 crore.

The current Sports Budget, though, is being largely regarded as one of the bests that India has had. However, as large as it currently seems there are plenty of other things in the world of sports that are costlier than India's sports Budget. Here, we take a look at a few of them.

#5 Net worth of a top F1 team ($470m approx)

F1 is an expensive business
F1 is an expensive business

Formula One is an expensive sport, and it is no surprise that a top team in the competition, generally tends to cost around $470m, according to NBC. There are a various number of factors that the team needs to invest in, including the high salaries of the drivers, engineers, pit crew, and a number of other things.

While the actual cost of an F1 car comes up to around $125m, the teams need to spend approximately around another $130m on the power unit, or the engine. That, along with various other aspects of the sport, makes owning an F1 team a rather expensive affair.

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