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Red Bull Racing untroubled by Formula One's fall in profits

Red Bull's Christian Horner believes Formula 1's recent decrease in profits is about taking one step back before taking two steps forward as the sport invests in its future. Formula 1 announced its quarterly results last week which registered a decrease in profits of 13 percent compared to the same period last year. Profits year-to-date fell from $316 million to $276 million for the first nine months of 2017 The downturn will obviously directly impact the teams' bottom line, but Horner insists Red Bull is not worried by the numbers. "It's circumstances. Obviously they're building an infrastructure, they're investing in the business, it's just a different model to what it used to...
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6y ago from F1i.com 0
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