FORMULA-1

(Getty Images) Sergio Perez has won his fifth career race, holding off fast-finishing Red Bull teammate Max Verstappen at the Saudi Arabia Grand Prix in Jeddah. The Mexican once again showed his street circuit prowess, with two of his other victories coming on the streets in Monte Carlo and Singapore.

Formula 1 has long been awash with money. And this year’s F1 World Championship is no different, with more on offer to split between the drivers and constructors than ever before.

A lot of time, effort and expertise goes into the development and creation of a Formula 1 car. The key element that makes it all possible, though, is money … and plenty of it.

Logan Sargeant will make history this Formula 1 campaign, becoming the first American to race in the series since 2015. The 22-year-old will be suiting up for Williams this year as he looks to build upon his strong Formula 2 season.

With only 20 spots on the grid each season, Formula 1 is a highly competitive and exclusive sport. However, like any sport, factors such as injury and illness can rule a driver out of a given Grand Prix.