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Red Bull parent quadrupled F1 team spend in 2016
Red Bull Racing Red Bull Racing’s parent company quadrupled its payment to the team during 2016. Red Bull GmbH handed over £40.6 million to Red Bull Racing last year, a rise from the £10.1 million payment in 2015, company accounts revealed. The team had realised poorer results in the two seasons prior to 2016, falling from constructors’ champions in 2013 to runners-up in 2014 and fourth in 2015. Red Bull Racing also split with then-title sponsor Infiniti at the end of 2015, a development partially offset by picking up TAG Heuer branding for its Renault engines. The team made a small profit overall last year, although that figure was down on its margin from 2015. Red Bull Racing...
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6y ago from SpeedCafe.com
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