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Red Bull spent over $300-million for 2019 F1 campaign
Red Bull Racing spent £237.3 million ($304.84 million) in finishing third in Formula 1 last season and recognised ‘adaptions' would be needed to meet a $145-million cost cap coming in for 2021. The Honda-powered team, one of two owned by the Austrian energy drink company, reported a profit of £618,000 compared to a previous £923,000 in the year ending 31 December The expenditure compared to £239.6-million in 2018, when British-based Red Bull were also third and using Renault engines. Turnover was £245.4-million, up slightly from a previous £245.1-million. 'Costs remain under control and the team is mindful of adaptions necessary for new FIA Financial Regulations coming into...
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5y ago from GrandPrix247.com
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