News Details
Red Bull Racing earned nearly £200m in 2016
Red Bull Racing generated a turnover £197m in 2016 and spent nearly all of it on its F1 race programme, company accounts have revealed. The team earned £197,949,000 in outside sponsorship, prize money and bonuses from the F1 organisation, and payments from its ultimate parent company, Red Bull GmbH in Austria. After taxes and expenses, it registered a profit of just £385,000. In 2015, its turnover was £181,249,000, or £16,700,000 less than 2016, with a profit of £2,141,000. Red Bull GmbH made a much bigger contribution to the team in 2016, with its payments rising from £10.1m in 2015 to £40.6m. That is presumably because the team’s decline in performance – from world champion in...
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7y ago from Motorsport.com
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