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Crimson Bull’s Formulation 1 staff spent £230 million throughout 2021, when it took Max Verstappen to the drivers’ championship but in addition exceeded the finances cap.
The staff’s spending over the 22-race season was £10m larger than it was in 2020, when 17 races have been held, however £7m lower than through the 21-race 2019 championship.
Red Bull was found to have exceeded the FIA’s new budget cap during 2021. The FIA dominated in October it exceeded the £118m ($145m) cap by £1.864m and ordered the staff to pay a £6m high quality. Crimson Bull’s aerodynamic testing allocation was additionally reduce.
The finances cap applies to particular bills and doesn’t embrace advertising and marketing, journey, lodging, salaries for drivers and prime executives plus another prices. The FIA dominated Crimson Bull incorrectly excluded 13 separate objects from the prices it submitted for the 2021 season.
Crimson Bull’s F1 operation made a revenue of £1.3 million throughout 2021, nearly twice what it made the 12 months earlier than.
Commenting on the figures, staff principal Christian Horner mentioned: “The monetary place of the corporate was rigorously managed by way of the 12 months. The imposition of Monetary Rules and the related cap on related prices has necessitated cost-saving initiatives throughout the enterprise. The group have carried out a balanced value discount plan to make sure compliance with the brand new rules for 2021.”
Concerning the rise in expenditure, Horner mentioned: “Improve in ‘value of gross sales’ replicate efficiency funds attributable to on-track successes”.
Along with title success and elevated earnings, Crimson Bull received 11 races, 9 greater than it had in 2020.
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2022 F1 season
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