Dec 1, 2013, 12:00 PM EST
Red Bull team principal Christian Horner has explained how the cost of participating in Formula One is set to significantly increase next season due to the new regulations that have not been introduced with finances in mind.
Next year, V8 engines will be replaced by turbocharged V6 power units, and with the re-introduction of in-season testing, costs are set to rise. Speaking to ESPN F1, Horner expressed his dismay at the situation.
“The costs are going to significantly increase,” he explained. “The engines are far more expensive, and to operate that engine… Just the radiator bill alone next year compared to this year is looking like it’s going to be double.
“Then of course we’ve added four in-season tests, so the teams have only got themselves to blame because each of the regulations that have been introduced next year will have a dramatic impact on costs.”
Horner explained that Red Bull has had to search for some new sponsors and partners to help ease the costs, but he acknowledged that the other teams may not enjoy such a luxury.
“The impact of next year’s costs for us could range anywhere between €25 million and €40 million. We have to go out and find that because Red Bull won’t fill that deficit and that’s why we have a lot more partners on the car.
“Thankfully we’ve been successful and we’ve managed to attract good partners and good prize revenues, but if you’re further down the grid it must be impossible to counter the increase in costs versus generating income.”
Red Bull will go in search of a fifth straight drivers and constructors’ championship in 2014 as Daniel Ricciardo joins the team as Sebastian Vettel’s teammate.
Video from NASCAR America
- What we’re thankful for in the motorsports world, 2014 1
- Sam Hornish Jr. has much to be thankful for: new home, renewed Sprint Cup hopes with Richard Petty Motorsports 5
- NBCSN’s F1 coverage delivers best ever single-season numbers for a cable network 6
- Mercedes reserve Wehrlein leads final Abu Dhabi test day to end 2014 0
- Jean-Eric Vergne confirms Toro Rosso exit 3
- Bottas leads as McLaren-Honda delayed on first day of Abu Dhabi test 6
- Steve Letarte reflects on Hendrick Motorsports career in “exit interview” (VIDEO) 3