News Details

New rules sees Red Bull drinks company increase investment in its F1 team by 300%

The new regulations for 2017, not to mention the loss of title sponsor Infiniti, saw Red Bull Racing's costs increase by 9.2% last year, according to a report by Forbes. The Austrian-owned, Milton Keynes based outfit, saw its financial statement for 2016 released today and it reveals that the Red Bull drinks company had to increase its investment in the F1 team from £10.1m in 2015 to £40.6m. One of the main reasons for the increase in investment, other than the loss of Infiniti, is that the regulation changes for 2017 meant a total redesign of the car and as the work was carried out last year the costs are reflected in the financial statement. Though the team signed new...
Full Story »
4w ago from Pitpass.com 0
Share

You May Also Be Interested In...

Sainz can race for Red Bull in 2019 F1

Carlos Sainz could wind up at Red Bull's senior F1 team in 2019. It is...
1mo ago from ThisIsF1.com

Qualifying FIA press conference – 2017 F1 Singapore...

class="left relative"> 1 SHARES FacebookTwitterSubscribe...
1mo ago from ThisIsF1.com

Singapore GP: Issue #17 of GP Gazette now online

Check out Issue 17 of GP Gazette, from the makers of Motorsport.com, an...
1mo ago from Motorsport.com

Ricciardo: Max is the toughest teammate I ever had

Daniel Ricciardo has revealed that his toughest teammate is current Red...
4w ago from GrandPrix247.com

Elsewhere On The Network

Popular On MGPToday.com

MotoGP Australia: Marquez takes pole, disaster for Dovi

Marquez almost cruises to MotoGP pole at Phillip Island while title rival...
20h ago from BikeSportNews.com

MotoGP Australia: Unhappy Rossi ‘not strong...

Rossi couldn't lap any faster in MotoGP Q2 than he did in Q1 at Phillip...
15h ago from BikeSportNews.com

MotoGP Australia: Saturday qualifying times and results

Times and results from today's MotoGP, Moto2 and Moto3 qualifying...
21h ago from BikeSportNews.com

MotoGP Australia: Friday practice times and results

Times and results from Friday's MotoGP, Moto2 and Moto3 practice sessions...
1d ago from BikeSportNews.com

Popular On IndyCarToday.com

Miles reiterates IndyCar commitment to aeroscreen

Verizon IndyCar Series CEO Mark Miles met with a group of reporters at...
6h ago from Racer.com

Miles confirms Verizon departure as title sponsor...

The Verizon IndyCar Series will carry a different name after the 2018...
1d ago from Racer.com

Tracy on SPM's new 'Team Canada'

The last Canadian to win an IndyCar championship did so carrying the...
2d ago from Racer.com

Penske confirms ongoing partnership with Verizon

Roger Penske is sorry to see the upcoming split between Verizon and...
1d ago from Racer.com

Popular On TotalWRC.com

Podcast: Rally GB braced for Brian

Podcast: Rally GB braced for Brian Organisers of Dayinsure Wales Rally GB...
16h ago from WRC.com

Wilson's Tänak tribute

M-Sport boss says goodbye 'with a heavy heart'
3d ago from WRC.com

Ott Tanak joins Toyota for 2018 WRC campaign

Ott Tanak will switch from M-Sport to Toyota for 2018, completing the...

WRC crowds surge

WRC crowds surge Dynamic new cars and a thrilling season-long title...
2d ago from WRC.com

Popular On GunnersToday.com

Preview: Everton vs. Arsenal

Both Ronald Koeman and Arsene Wenger are under pressure heading into...
10h ago from SportsMole.co.uk

Ozil: Ignore the noise

Mesut Ozil has told fans to "ignore the noise" amid reports...
4h ago from SkySports.com

Arsenal news: Sanchez, Koscielny and Ramsey look sharp...

Arsenal train ahead of Everton clash Sat, October 21, 2017 Express Sport...
10h ago from Express.co.uk

Arsenal: Sky Sports pundit makes bold claim about...

Arsenal: Sky Sports pundit makes bold claim about Mesut Ozil and Granit...
6h ago from DailyStar.co.uk

Comments

Hottest News

Recent News

2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.