News Details
Red Bull spend highlights budget-cap challenge
Red Bull’s F1 team spent slightly less money last year than in 2018 – but still face substantial cutbacks to comply with the FIA budget cap being introduced for 2021. Newly-released accounts, reported by Motorsport.com, reveal the Milton Keynes team spent £237.3m last year, a fall of £2.3m compared to the 2018 figure. It followed rises of £33.7m in 2017 and £12.9m in 2018. The figures reflect that last year the team switched from being a paying Renault engine customer to becoming the works team of Honda, with the change in the commercial terms of their power-unit deal effectively cancelling out the inevitable trend in rising expenditure in other areas. Like rivals Mercedes and...
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5y ago from PlanetF1.com
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