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.
May 23, 2015, 6:04 AM EDT
Vettel storms to P1, throwing Ferrari’s hat into the ring for pole position later today.
May 23, 2015, 4:45 AM EDT
After Thursday’s washout, FP3 becomes all the more important in Monaco.
May 22, 2015, 3:39 PM EDT
Tristan Vautier recaps a roller coaster month of May, where he’ll have a last-minute opportunity to race in the Indianapolis 500 with Dale Coyne Racing.
May 22, 2015, 3:30 PM EDT
A third straight feature race win for Stoffel Vandoorne sees him extend his lead at the top of the drivers’ championship.
May 22, 2015, 2:40 PM EDT
Harvey scores the win in Indy Lights’ biggest race of the year.
May 22, 2015, 2:00 PM EDT
Force India’s deputy team principal lashes out at the F1 Strategy Group, calls for a return to autocratic rule by the FIA and the F1 Group.
May 22, 2015, 1:00 PM EDT
Bids to supply tires to F1 upon the next change to the technical regulations now being taken.
May 22, 2015, 12:06 PM EDT
Notes as they develop from the ground in Indianapolis for Carb Day for the 99th Indianapolis 500.
May 22, 2015, 12:00 PM EDT
Bianchi remains in a coma in French hospital after sustaining severe head injuries at the Japanese Grand Prix last October.
May 22, 2015, 11:38 AM EDT
The team owner would like the season’s calendar expanded.
May 22, 2015, 10:30 AM EDT
Watch Carb Day IndyCar and Indy Lights coverage, from the Indianapolis Motor Speedway, at 11 a.m. ET on NBCSN and NBC Sports Live Extra.
May 22, 2015, 9:08 AM EDT
Still A LOT of stuff to watch for on Carb Day for the Verizon IndyCar Series, LIVE from 11 a.m. ET on NBCSN and NBC Sports Live Extra.
May 22, 2015, 8:22 AM EDT
Carb Day at IMS: always one of the busiest days of the year.
May 21, 2015, 11:51 PM EDT
In a bizarre and truly 11th hour circumstance, Tristan Vautier appears set to replace Carlos Huertas in Sunday’s Indianapolis 500.
May 21, 2015, 5:57 PM EDT
Oriol Servia says a connecting rod was removed that might have prevented the part from piercing the tub and critically injuring driver.
May 21, 2015, 5:00 PM EDT
American driver claims his second pole position in GP2 with a mesmerising display in Monaco on Thursday.
May 21, 2015, 4:32 PM EDT
The No. 5 beyond Indy 500 could be Daly, Wilson, or A.N. Other.
- Hamilton storms to first Monaco GP pole position 0
- Vettel fastest for Ferrari in final practice for Monaco GP 0
- Chip Ganassi lobbying for IndyCar schedule changes 0
- What to watch for: IndyCar, Indy Lights Carb Day (11 a.m. ET, NBCSN and Live Extra) 0
- IndyCar driver raises concern about design of wishbone that injured James Hinchcliffe in crash 4
- F1 Paddock Pass: Monaco Grand Prix (VIDEO) 0
- Hamilton tops quiet second Monaco GP practice 0