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Red Bull F1 sets record by spending $450 million last year

Red Bull F1 sets record by spending $450 million last year

Snapshot: Setting new records last year, Red Bull dominated the season by spending $450 million.

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Setting new records last year, Red Bull dominated the season, but not by winning the races. Reportedly, Red Bull spent a record $310 million last year for floating the team in the championship. Allegedly, this sum is quite high an F1 team has ever spent in a single season. Well, this is just a part of it let us get you the whole picture.

That sum reflects just the spendings for the last year by the team, excluding how much it took in from sponsorship and prize money. Summate these add ons, and this count raised up to $450 million. As compared to Ferrari budgeted under $440 million last year for its F1 team and Mercedes had a much smaller (but still hard to neglect) budget of just $320 million, that proved more than enough to dominate the championship.

With $310 million expenditure of Red Bull, research and development hold the major proportion of around $120 million and developing a competitive car and that also for F1 championship, definitely cannot be cheap. Coming on the next major category i.e. payroll for nearly $100 million. By increasing their headcounts to 694 companies hired 19 new staff professionals last year.

The team principal Christian Horner, who is still associated with red bull since 2005, reportedly made $4 million and for sure chief designer Adrian Newey made a solid seven figures as well. The budding drivers Daniel Ricciardo and his winger Daniil Kvyat have been paid relatively little. Ferrari recently lured their predecessor Sebastian Vettel ( a four-time Formula One World Champion) away from Red Bull with a contract worth $80 million per year.

As in comparison with Ferrari and Mersedes, red bull has not been able to encash its four times winning streaks till now. But in the near future we hope for the best the Red Bull makes it big for itself!

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