F1 Teams Are Now Worth BILLIONS

Renault have sold a 24% stake in the Alpine F1 team for $218 million. This was a huge moment for the sport as it placed a public value on the sport's teams. Some teams are clearly valued at over $1 billion dollars so what does this mean for the sport and how has it happened?
Sources:
https://www.autosport.com/f1/news/how-f1-has-opened-the-door-to-1-billion-team-values/6740733/
https://www.crash.net/f1/news/1019627/1/explained-f1-s-billiondollar-value-most-valuable-sports-empire
https://the-race.com/formula-1/f1-teams-pushing-for-massive-hike-to-200m-new-entry-fee/
https://cointelegraph.com/news/red-bull-racing-scores-150m-sponsorship-with-bybit
https://www.skysports.com/f1/news/12433/12909634/wrexhams-hollywood-owners-ryan-reynolds-and-rob-mcelhenney-join-group-buying-into-alpine-f1

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