Formula one racing- most expensive sport

Formula one racing is popularly called as the F1 racing. The formula one is named so because the word formula is being termed to indicate the various rules which are framed by the administrative body for all the teams to comply with. The formula one is the world’s most expensive sport and this sport has a strong base in the continent of the Europe, nowadays the formula one has started to spread rapidly even away from the European continent. The formula one is a very highly viewed event in the television, in which the people from all over the world watch to cheer their favorite teams and the drivers. The formula one has great amount of money being received due to the large number of the sponsorship and also the various ads it attracts from all the top players. The formula one has two prizes, the individual champion and the contractor’s champion. Till 2008 the driver who gets the maximum number of the points will be crowned as the world champion. But from 2009, the rules of the formula one has been changed in which the person who wins maximum number of the races will be the world champion and the team which gets the maximum point will be the constructors champions.