News Details

New rules see 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 »
2mo ago from Pitpass.com 0
Share

You May Also Be Interested In...

New rules sees Red Bull drinks company increase...

The new regulations for 2017, not to mention the loss of title sponsor...
2mo ago from Pitpass.com

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...
2mo ago from ThisIsF1.com

Qualifying FIA press conference – 2017 F1 Singapore...

class="left relative"> 1 SHARES FacebookTwitterSubscribe...
2mo 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...
2mo ago from Motorsport.com

Elsewhere On The Network

Popular On MGPToday.com

MotoGP winter gossip, intrigue and rumour

Crutchlow as fast as Dovi, Yamaha season not a total disaster and why...
4d ago from BikeSportNews.com

Silverstone boss Pringle: How British MotoGP 2018 will...

Silverstone boss Stuart Pringle addresses all the complaints about prices...
3d ago from BikeSportNews.com

‘Zarco, Lorenzo will be fast in 2018' predicts...

Marquez believes Zarco and Lorenzo can be added to his list of serious...
1w ago from BikeSportNews.com

Poncharal after 2018-spec Yamaha YZR-M1 for...

Poncharal believes having a third 2018 M1 in MotoGP can only be good for...
1w ago from BikeSportNews.com

Popular On IndyCarToday.com

SPM impressed by Wickens’ first 2018 aero kit run

Schmidt Peterson Motorsports general manager Piers Phillips offered high...
7h ago from Racer.com

IndyCar closes in on naming race director

The Verizon IndyCar Series is close to choosing a replacement for former...
9h ago from Racer.com

Kanaan on 2018 car: 'This is what I've been missing'

"I'm telling you, it feels so good to drive this car," was the...
2d ago from Racer.com

Honda test closes IndyCar's 2017 on-track activities

Nearly three months after Josef Newgarden was crowned the best IndyCar...
1d ago from Racer.com

Popular On TotalWRC.com

M-Sport expecting greater level of competition in 2018

WRC title-winning rally boss Malcolm Wilson says he expects the level of...
17h ago from MotorsportWeek.c...

VIDEO: Sébastien Ogier onboard mix

Take a thrilling ride alongside the 2017 World Rally Champion
11h ago from WRC.com

Toyota youngsters return in 2018

More WRC 2 appearances for Katsuta and Arai
1d ago from WRC.com

M-Sport driver gear!

M-Sport driver gear! With two rally wins this year, and a new deal with...
2d ago from WRC.com

Popular On GunnersToday.com

Arsenal news: EIGHT players set to leave the Emirates...

Both Alexis Sanchez and Mesut Ozil are expected to leave before the end...
3h ago from Express.co.uk

Arsenal mourn as legendary midfielder Kallstrom retires

Arsenal are definitely maybe but probably not considering requesting that...
11h ago from Football365.com

Arsenal boss Arsene Wenger takes HUGE swipe at Premier...

Arsenal boss Arsene Wenger takes HUGE swipe at Premier League rivals Man...
3h ago from DailyStar.co.uk

U-23s: Arsenal 3-3 Derby County - Report

HOW IT HAPPENED Our under-23s secured a dramatic draw against Derby...
5h ago from Arsenal.com

Comments

Hottest News

Mercedes have found driver for 2019 F1 – Wolff

Toto Wolff has played down claims Mercedes is... Read More »
7h ago from ThisIsF1.com

A slick move by Zak Brown

McLaren executive director, and marketing guru,... Read More »
9h ago from Pitpass.com

Williams pushes back driver announcement to January

Sergey Sirotkin is the favourite to get the... Read More »
11h ago from Motorsport.com

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.