Dec 1, 2013, 12:00 PM EDT
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.
Jul 30, 2015, 5:11 PM EDT
Discounted tickets set to go on sale this Friday in a bid to improve attendance figures.
Jul 30, 2015, 4:48 PM EDT
Derrick Walker on the prowl for whatever’s next in his long racing career.
Jul 30, 2015, 3:30 PM EDT
Despite running fifth in the standings with three races to go, Power hasn’t given up on retaining the no. 1 for 2016.
Jul 30, 2015, 2:22 PM EDT
The 2016 F1 season is set to swell to a record 21 races.
Jul 30, 2015, 12:30 PM EDT
Ericsson reflects on his first half-season with Sauber that has brought his first points in F1, but also presented some missed opportunities.
Jul 30, 2015, 12:22 PM EDT
Derrick Walker to resign from INDYCAR at year’s end.
Jul 30, 2015, 11:30 AM EDT
With seven races at Mid-Ohio Sports Car Course this weekend, it’s an important one for the entire Mazda Road to Indy.
Jul 30, 2015, 10:42 AM EDT
His recent record may suggest otherwise, but Castroneves believes he can gun for the race win this weekend.
Jul 30, 2015, 9:30 AM EDT
Both series will support the FIA World Endurance Championship at the Bahrain International Circuit in November.
Jul 30, 2015, 9:16 AM EDT
From Columbus, Ohio, No. 15, it’s the Ohio State University helmet of Graham Rahal…
Jul 30, 2015, 8:56 AM EDT
The third-to-last race of the IndyCar season is an important one for the championship battle.
Jul 29, 2015, 6:05 PM EDT
IndyCar penalizes Honda for five engines that did not “attain their life cycle.”
Jul 29, 2015, 5:10 PM EDT
Rahal is second in the points and takes his career best season to his home track of Mid-Ohio.
Jul 29, 2015, 2:37 PM EDT
Johnson will make his first start of 2015 this weekend at Mid-Ohio.
Jul 29, 2015, 1:10 PM EDT
Simon Pagenaud looking for first top-fin finish since Detroit race one.
Jul 29, 2015, 12:02 PM EDT
In eight IndyCar races at Mid-Ohio, Scott Dixon has a record five wins.
Jul 29, 2015, 9:00 AM EDT
There’s still a good seven to 10 high-quality drivers without a win in IndyCar, 2015, who could add to the list of winners.
Marcos Ambrose looks to salvage lost season in V8 Supercars, has had no issues ‘moving on’ from NASCAR
Jul 28, 2015, 8:50 PM EDT
Even though it has been pretty much of a lost season for him in Australia’s V8 Supercars series, Marcos Ambrose believes he can still find some success before the racing year is over.
‘Race With Restraint’ proves grassroots racers want, will use more safety equipment at affordable rate
Jul 28, 2015, 6:56 PM EDT
The first attempt at bringing top-of-the-line safety equipment to the grassroots racing masses was an unqualified success.
Jul 28, 2015, 4:32 PM EDT
Hector Arana Jr. hopes 2015 is about time to finally be his time.
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