Home

Red Bull Racing Spent Over Double the 2021 Budget Cap for the 2019 F1 Season

Published 10/01/2020, 10:45 AM EDT

Red Bull enjoyed a successful season in 2020 so far. The team had one racer on the podium at almost every race this year. However, the RBR team was forced to think about the budget cap in 2021.

FIA is going to be strict about the budget cap as the sport itself is at stake. Therefore, Red Bull faces a similar challenge of sticking to less than half of its present budget, like Mercedes and Ferrari.

Red Bull had shifted from being a payee to McLaren to be a working partner with Honda. The upgrade in the power unit had cut down the budget hugely. However, the team is still far behind from meeting the designated budget for 2021.

Article continues below this ad

As of 2019’s records, the team cut down on £2.3m. The team’s total budget was £237.3m (over $300M).

Though that is an improvement in terms of budget capping, the team is still a long way from home. The FIA renders a budget of $145 million, which translates to £113 million.

The number mentioned earlier and the figures FIA deems correct, have a bridge of almost $100 million. Therefore, fitting the budget will be a challenge for Red Bull.

Mind-Blowing: This is How Much Red Bull Gained From Ferrari’s Misery

Red Bull Chief ensures that they consider necessary steps for the budget cap

Team Principal Christian Horner stresses that the amount incurred is necessary to run an actual F1 team. However, that will not do, if Red Bull were to take part in the season of 2021. So, Horner stressed on the factor of the budget before the COVID-19 pandemic.

“The directors consider race performance, championship performance, and a controlled cost base to be principal key performance indicators to assess progress towards strategic goals,” Horner mentioned.

The Team Principal realizes the need for bringing their expenditures down. He left a note on this context remarking that they have taken the necessary steps.

Article continues below this ad

“Costs remain under control and the team is mindful of adaptions necessary for new financial regulations coming into force for 2021”

The 2021 budget cap is important for the sport to survive. The word of F1 being a game of money needs a proper response. The game may involve huge budgets and ground-breaking deals; however, money alone is not enough to manipulate it.

Article continues below this ad

The ground for equal footing is necessary, and the FIA is gunning for the same.

Sergio Perez Would Join Red Bull “Without Any Doubt” if Offered F1 Seat

SHARE THIS ARTICLE :

Written by:

Indrasish Ganguly is an F1 author at Essentially Sports. An avid fan of the F1 championship, the Kolkata based writer admires Lewis Hamilton the most on the F1 grid. His interest in racing stems from his love for cars and speed.

Red Bull Racing Spent Over Double the 2021 Budget Cap for the 2019 F1 Season

Red Bull Chief ensures that they consider necessary steps for the budget cap

Trending

Daniel Ricciardo To Be Replaced by Liam Lawson After Miami, F1 Pundit Dishes Out Harsh Verdict After Australian’s “Amateur Mistake”

Adrian Newey Hits Out at Climate Activist Lewis Hamilton’s Fuel Protest, Desperate to See V10 Engines Again

Taylor Swift’s Tortured Poets Department Sends F1 Fans Into a Frenzy: “Its a Fernando Reference”

Who are Zhou Guanyu’s Parents? Everything We Know About The Chinese Driver’s Family

Max Verstappen “On Ice” as Return to China Goes Badly for Christian Horner and Co