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 1, 2015, 2:42 PM EDT
In a surprise move, the NHRA announced Wednesday that president Tom Compton has retired after 15 years as the sanctioning body’s chief executive officer
Jul 1, 2015, 1:54 PM EDT
The provisional winner of the Pikes Peak International Hill Climb is Rhys Millen.
Jul 1, 2015, 12:30 PM EDT
The CFH Racing co-owner says IndyCar will never grow if “we’re tearing it apart from the inside out.”
Jul 1, 2015, 11:02 AM EDT
One of A.J. Foyt’s young drivers makes some wiser points beyond his years about Saturday’s race in Fontana.
Jul 1, 2015, 9:00 AM EDT
Sauber names a new technical director.
Jun 30, 2015, 6:01 PM EDT
Feature on Manpower to Horsepower to air during Red Bull GRC show this Sunday on NBC.
Jun 30, 2015, 1:47 PM EDT
A selection of images from the 2015 Goodwood Festival of Speed.
Jun 30, 2015, 12:00 PM EDT
SH Rallycross’ HAUS livery for Red Bull GRC this weekend screams red, white and blue.
Jun 30, 2015, 10:52 AM EDT
Given how well they’ve run this year, it was really only a matter of time until Graham Rahal and Rahal Letterman Lanigan Racing won a race.
Jun 30, 2015, 10:30 AM EDT
Luca Filippi and Matthew Brabham set for oval tests this Wednesday at Iowa Speedway.
Jun 30, 2015, 9:45 AM EDT
This weekend’s miserable conditions at Watkins Glen offered a lot of young drivers a chance to shine.
Jun 29, 2015, 9:29 PM EDT
The 2015 season is the first time Roger Penske has captained four teams on the IndyCar circuit. And it appears it will be full steam ahead with four teams going forward.
Jun 29, 2015, 8:53 PM EDT
Comedian and former late-night talk show host Jay Leno has spent his career making millions laugh. But recently, the joke was on Leno, so to speak – but in a good way.
Jun 29, 2015, 8:24 PM EDT
If you’re a big fan of the Indianapolis 500 and Indianapolis Motor Speedway, put this on your bucket list for next year.
Jun 29, 2015, 7:18 PM EDT
With five races coming up in the next six weeks, Top Fuel driver Antron Brown knows how crucial this stretch of the NHRA Mello Yello Drag Racing season will be.
Jun 29, 2015, 5:47 PM EDT
Finishing 13th in her Dale Coyne Racing Honda, Pippa Mann enjoyed the best showing of her IndyCar career in Saturday’s MAVTV 500 at Auto Club Speedway.
Jun 29, 2015, 3:37 PM EDT
Jack Hawksworth enjoyed one of his better runs of 2015 in Saturday’s MAVTV 500 at Auto Club Speedway.
Jun 29, 2015, 2:20 PM EDT
Although it’s been two days since the MAV TV 500, a number of IndyCar drivers are not going to soon forget one of the wildest races the series has seen in a long time.
Jun 28, 2015, 6:00 PM EDT
Brazilian driver ends the Formula E season with his best finish of fourth.
Jun 28, 2015, 5:33 PM EDT
Westbrook and Valiante take their second win of the year at Watkins Glen.
- BREAKING NEWS — NHRA: Tom Compton retires as president, Peter Clifford named successor 1
- Ed Carpenter: driver criticism of IndyCar ‘confusing for fans’ 3
- Hawksworth: “I wouldn’t say it was crazy; it was exciting” 2
- Graham Rahal’s Fontana win was long overdue, and a long time coming 0
- Report: Roger Penske intends to keep his ‘four aces’ in IndyCar 0
- Mario Andretti gets Jay Leno up to speed — and then some 1
- NHRA: Antron Brown looks to make Top Fuel fireworks this weekend 1