autosport.com
Search:
Find out more about our subscriptions
  AUTOSPORT+ LOGIN AUTOSPORT Plus  
Username:
Password:
You are on the classic version of Autosport. Visit www.autosport.com to see our new site.

Red Bull parent company quadrupled its Formula 1 team spend in 2016

Daniel Ricciardo Red Bull Malaysian GP 2016

Red Bull's parent company quadrupled its contribution to the Formula 1 team during 2016.

Red Bull GmbH provided £40.6million to Red Bull Racing last year, compared to a £10.1m payment during the previous season, according to its company accounts up to December 31 2016.

The squad's performance declined over the two campaigns before 2016; Red Bull went from constructors' world champion in 2013 to runner-up in '14 and a winless fourth the year after.

Red Bull also split with its previous title sponsor Infiniti at the end of 2015, although that was offset somewhat by a TAG Heuer branding deal for its Renault engines.

How much did Formula 1 teams spend in 2016?

The team made a small profit overall last year, although that figure was down on its margin from 2015.

Red Bull Racing generated a turnover of £197m in 2016, nearly all of which was spent on its F1 programme.

It earned a combined £197,949,000 from outside sponsorship, prize money and bonuses from the F1 organisation, as well as payments from its ultimate parent company.

After taxes and expenses it registered a profit of just £385,000.

It increased its turnover from 2015 to '16 by £16.5m, but its profit the previous year was £2.14m.

Daniel Ricciardo Red Bull Malaysian GP 2016

Spending rose in 2016 in part due to the two grand prix victories for Max Verstappen and Daniel Ricciardo, and a return to second in the championship, which generated increased success bonuses for staff.

The team's true financial situation is hard to compare with rivals, because Red Bull Racing - in effect the race team - itself only employs 58 people.

Design, production and engineering is carried out by immediate parent company Red Bull Technology Group, which employs a further 700 people and also supplies services to Toro Rosso and outside projects such as its collaboration with Aston Martin on its Valkyrie hypercar.

RBT had a turnover of £247.7m in 2016 (including the RBR numbers outlined above), compared with £235.6m the previous year.

Its declared profit fell to £8.3m from £11.3m.

Subs
  More news  
    advertisement
  RELATED LINKS
Read the AUTOSPORT Digital Edition
See highlights from 60 years of AUTOSPORT
  FOLLOW AUTOSPORT ON
FOLLOW AUTOSPORT ON TWITTER
Breaking news feed
Live commentary feed