Red Bull spent £237.3 million on its 2019 Formula One campaign, in which the Milton Keynes-based team finished third in the Constructors’ Standings.
Company filings show that the team generated a small profit of just over £600,000 last season.
With all F1 constructors limited to spending a maximum of $145 million next year due to the introduction of a budget cap, Red Bull will have to make sizeable cost-savings.
However, it should be stressed that this $145 million budget cap doesn’t include all expenditures.
For example, driver salaries – which cost the top teams around $20 million to $60 million per season – are excluded from this cap.
Team principal Christian Horner has said they are “mindful of adaptions necessary for new FIA Financial Regulations coming into force for 2021.”
If all goes smoothly, the budget cap will be reduced to $140 million in 2022 and $135 million in 2023.
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