Red Bull says it expects 2020 to be its most expensive year in its Formula 1 history, due to the costs involved in development and research ahead of the 2021 season. Formula 1 is introducing a $175m budget cap for 2021 but spending will be unrestricted next year, leading to expectations that top teams will spend heavily before the new regulations come into force. Teams will also be continuing to develop their 2020 cars through next year in parallel with the respective 2021 programmes. “Obviously now the 2021 regulations are clear we have a team – an advanced team – starting to investigate the regulations,” said Horner. “It makes it an incredibly expensive year...
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