Red Bull Racing has released financial results for 2019. The British team spent 237.3 million pounds ($ 304 million) last season. This is slightly less than in 2018, when the team spent 239.6 million pounds.
The team’s direct revenues in 2019 were £ 245.4 million, which is almost the same as 2018’s £ 245.1 million. The missing difference in the team’s budget was made up by the parent Austrian company Red Bull GmbH.
Interestingly, at the end of 2019, the team declared a small profit of 618 thousand pounds. In 2018, the profit of Red Bull Racing was slightly higher – 923 thousand pounds.
Commenting on the published figures, team leader Christian Horner said: “Costs remain under control. The team is considering changes to the financial rules that will come into effect in 2021. ”
Recall that next season the budget of Formula 1 teams cannot exceed $ 145 million per year.