© XPB  Phillip van Osten 16/04/2024 at 16:1216/04/2024 at 16:01 Mercedes’ performance is lagging out on the racetrack, but the team remains in the financial fast lane of Formula 1, becoming the first outfit in Grand Prix racing to surpass the £500 million mark in annual revenue. The Brackley squad’s latest accounts for its fiscal year 2023 reveal a significant jump to £546.5 million, a £71.9 million increase compared to 2022. This financial growth reflects the burgeoning commercial value of F1, fueled by a global audience and lucrative sponsorships. However, despite the surge in revenue, Mercedes' profit dipped slightly to £83.8 million from £89.7 million in 2022, a drop...
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