The Red Bull Racing team has published a financial report for 2023.
The championship team’s turnover rose to £307.47 million, up from £278.03 million a year earlier. However, profits fell from £24.9m in 2022 to £19.69m in 2023.
Other interesting figures in the report are manager salaries. So last year Red Bull Racing paid £7 million to one director and £190,000 to the other. As you know, two people hold the position of director in the team: Christian Horner and Helmut Marko.
According to the report, the team entered into seven new partnerships last year, five of which were with US companies. In addition to the new partners, the team has extended contracts with four other former partners, two of which are for four years.
Source: F1 News
I am Christopher Clyde, an experienced journalist and content writer with a passion for sports. I have been writing about Formula 1 news for the past five years and am currently employed as an author at athletistic.com, one of the top sports websites in the US.
