Energy drinks company increased its spend on F1 by £25 million last year to fund its 2010 challenger

Red Bull invested an extra £25 million into its Formula One team last year to help fund its assault on the 2010 world championship, according to reports.

In the year to 31 December 2009, Red Bull’s spending increased by 29.5 per cent to £107 million, in order to fund early development of its successful 2010 challenger. The team’s costs increased by 8.8 per cent to £157 million, with its single biggest expense believed to be the £57.2 million spent on research and development. This rose by 18.8 per cent year on year.

Read Autocar's ongoing review of the 2010 F1 season

Red Bull’s chief executive, Dietrich Mateschitz, said: “In F1 we have no long or medium-term business plans”, but he believes that the secret to the team’s success is because of its employees. “We have recruited the best and most professional people for all the key positions,” he said.

Red Bull’s highest earner is Adrian Newey, its chief technical officer, who joined from the rival McLaren team in 2006 on an estimated £8 million salary. The team’s performance has steadily improved since Newey's appointment and Mateschitz said he was keen to hold onto all personnel to help maintain the Austrian team's performance going forward. “The goal is to reach the top as quickly as possible and stay there for as long as possible," he said.

Aaron Smith

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15

2 November 2010

Well done to Red Bull! I really want to see them take this championship; they and McLaren are the only teams who have a ligitimate claim on the title.

Kind of makes a joke of the cost cutting measures though....

2 November 2010

[quote Symanski]

they and McLaren are the only teams who have a ligitimate claim on the title.

Kind of makes a joke of the cost cutting measures though....

[/quote] Agree with you regarding cost cutting.... But I don't understand why they and McLaren are the only ones who have a legitimate claim on the title. Are you just a Ferrari hater? ;-)

2 November 2010

Whatever attempts the FIA make to control spending the team with the largest budget usually wins, last years Brawn win being a rare exception, thanks in no small part to being the best at interperating the new regs with the double diffuser.

2 November 2010

[quote thebaldgit]the team with the largest budget usually wins[/quote]

Really? Toyota's accountants would happily inform you otherwise.

2 November 2010

[quote deppi]Are you just a Ferrari hater? ;-)[/quote]

Nope. I sat in Ferrari clothes at a damp Monza track watching F1 a couple of years ago!

2 November 2010

[quote Symanski]

[quote deppi]Are you just a Ferrari hater? ;-)[/quote]

Nope. I sat in Ferrari clothes at a damp Monza track watching F1 a couple of years ago!

[/quote] So why don't you consider Ferrari worthy of winning this year?

2 November 2010

[quote deppi][quote Symanski]

[quote deppi]Are you just a Ferrari hater? ;-)[/quote]

Nope. I sat in Ferrari clothes at a damp Monza track watching F1 a couple of years ago!

[/quote] So why don't you consider Ferrari worthy of winning this year?[/quote]

1. Alonso should have been banned for his involvement in the Piquet / Singapore incident

2. The team orders thing

I bet Ferrari moan (as usual) if Red Bull win because of blatant team orders...

2 November 2010

[quote deppi][quote Symanski]

[quote deppi]Are you just a Ferrari hater? ;-)[/quote]

Nope. I sat in Ferrari clothes at a damp Monza track watching F1 a couple of years ago!

[/quote] So why don't you consider Ferrari worthy of winning this year?[/quote]

1. Alonso should have been banned for his involvement in the Piquet / Singapore incident

2. The team orders thing

I bet Ferrari moan (as usual) if Red Bull win because of blatant team orders...

2 November 2010

[quote eekamouse]1. Alonso should have been banned for his involvement in the Piquet / Singapore incident[/quote]

3. Alonso should have been banned for knowingly using Ferrari information at McLaren.

4. Alonso should have been punished for knowingly blocking the pits for Hamilton, who is a quicker driver.

5. Alonso shouldn't have gained an extra 2 points at Monaco. Schumacher and Merc read the rules as clearly as they were.

6. Ferrari, of all teams, know exactly why the rule about team orders was brought it. It was because they swapped Schumacher and Barrichello. (although it was legal at the time, it was distasteful).

7. Alonso is a spoilt little brat if not a dirty rotten cheat.

2 November 2010

[quote Symanski]

3. Alonso should have been banned for knowingly using Ferrari information at McLaren.

4. Alonso should have been punished for knowingly blocking the pits for Hamilton, who is a quicker driver.

5. Alonso shouldn't have gained an extra 2 points at Monaco. Schumacher and Merc read the rules as clearly as they were.

6. Ferrari, of all teams, know exactly why the rule about team orders was brought it. It was because they swapped Schumacher and Barrichello. (although it was legal at the time, it was distasteful).

7. Alonso is a spoilt little brat if not a dirty rotten cheat.

[/quote]

Good grief, that ship (or should be ships) has sailed...get over it! I imagine it would be easier for you if Alonso wasn't such a great driver.


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