F1 »

Red Bull next to leave F1 in `desperate` times?

In the wake of Honda's shock announcement that it is withdrawing from Formula 1, it has been speculated that Red Bull Racing could be the next in-line to follow suit and walk away from the sport into which it has invested millions – after owner Dietrich Mateschitz admitted that 'numerous other race teams are having similar thoughts'.

If Honda's departure – having spent a record-breaking £147 million in 2008 for a paltry return of just 14 points and ninth position out of ten in then final constructors' standings, substantially the lowest of any manufacturer-backed outfit – is in the current global economic climate understandable, then fears must also be expressed about RBR.

In 2007, British newspaper The Independent reports, the expenditure of Red Bull Technology – the company which designs and builds cars for both Red Bull Racing and 'junior' concern Scuderia Toro Rosso – climbed by 22 per cent to £130.3 million, the third-greatest sum ever spent on a UK-based F1 team.

£36.1 million of that went on staff wages, £25.5 million was allocated to R&D and a further £10 million was accounted for by new office and workshop equipment. Of that total, only £10.25 million came from sponsorship, leaving Mateschitz's energy drinks company to foot the remainder of the bill.

As a result of that increased spending and the cost-cutting being implemented in the top flight, the popular but expensive Red Bulletin magazine has been canned and the Formula Una grid girls initiative halted, and it has been suggested that Red Bull has recently re-purchased STR from former grand prix star Gerhard Berger in order to be able to sell off both teams in one fell swoop.

In four years of F1 competition, Red Bull Racing and Scuderia Toro Rosso have achieved just a sole victory – courtesy of Sebastian Vettel's incredible breakthrough triumph in the Italian Grand Prix at Monza in September – and finished respectively seventh and sixth in the constructors' rankings in 2008. Mateschitz revealed that he had not been overly taken aback by the latest turn of events.

“Honda's withdrawal is not surprising,” the Austrian billionaire magnate told French news agency AFP. “Numerous other race teams are having similar thoughts.

“The main issue now is whether the reductions in costs all of us must make will come quickly enough to guarantee a sufficient number of teams carrying on.

“We will leave the teams [to] decide whether to build them (the cars) themselves or to have an independent constructor do it.”

The 64-year-old added that Honda's announcement would 'have no impact on the choice of Toro Rosso's pilots' for 2009.




Related Pictures

Click on relevant pic to enlarge
Mark Webber (AUS) Red Bull RB4, German F1 Grand Prix, Hockenheim, 18th-20th, July, 2008
Sebastian Vettel drives the Russian Grand Prix circuit in Sochi - Pic credit: Infiniti
Sebatian Vettel and David Coulthard at the Russian Grand Prix circuit in Sochi - Pic credit: Infiniti
Sebastian Vettel drives the Russian Grand Prix circuit in Sochi for the first time - Pic credit: Infiniti
24.08.2014- Race, Start of the race
24.08.2014- Race, Kimi Raikkonen (FIN) Scuderia Ferrari F14-T and Felipe Massa (BRA) Williams F1 Team FW36
24.08.2014- Race, Andre Lotterer (GER), Caterham F1 Team
24.08.2014- Race, Peter Sauber (SUI), Sauber F1 Team motorhome
24.08.2014- Race, Press conference, Daniel Ricciardo (AUS) Red Bull Racing RB10
24.08.2014- Race, Celebration, Daniel Ricciardo (AUS) Red Bull Racing RB10 race winner
24.08.2014- Race, 1st position Daniel Ricciardo (AUS) Red Bull Racing RB10, 2nd position Nico Rosberg (GER) Mercedes AMG F1 W05 and 3rd position Valtteri Bottas (FIN) Williams F1 Team FW36 with Adrian Newey (GBR), Red Bull Racing , Technical Operations Director
24.08.2014- Race, Celebration, Daniel Ricciardo (AUS) Red Bull Racing RB10 race winner
24.08.2014- Race, Press conference, Nico Rosberg (GER) Mercedes AMG F1 W05
24.08.2014- Race, 1st position Daniel Ricciardo (AUS) Red Bull Racing RB10, 2nd position Nico Rosberg (GER) Mercedes AMG F1 W05 and 3rd position Valtteri Bottas (FIN) Williams F1 Team FW36 with Adrian Newey (GBR), Red Bull Racing , Technical Operations Director
24.08.2014- Race, Chequered flag for Daniel Ricciardo (AUS) Red Bull Racing RB10 race winner
24.08.2014- Race, Nico Hulkenberg (GER) Sahara Force India F1 VJM07 and Jules Bianchi (FRA) Marussia F1 Team MR03
24.08.2014- Race, Kevin Magnussen (DEN) McLaren Mercedes MP4-29 and Fernando Alonso (ESP) Scuderia Ferrari F14-T
24.08.2014- Race, Nico Rosberg (GER) Mercedes AMG F1 W05

Join the conversation - Add your comment

Please login or register before adding your comments.

Although the administrators and moderators of this website will attempt to keep all objectionable comments off these pages, it is impossible for us to review all messages. All messages express the views of the poster, and neither Crash Media Group nor Crash.Net will be held responsible for the content of any message. We do not vouch for or warrant the accuracy, completeness or usefulness of any message, and are not responsible for the contents of any message. If you find a message objectionable, please contact us and inform us of the problem or use the [report] function next to the offending post. Any message that does not conform with the policy of this service can be edited or removed with immediate effect.


keithp - Unregistered

December 07, 2008 1:39 PM

lets get this right berniand max have bankrupt the sport it is now the most boring spectacle on tv. they are pricing themselves off all the mainstream circuits and running gor doubtful arab money to put on a show for the chosen few. they are ruining rallying with the same approach PLEASE MAKE SURE THEY KEEP THEIR GREADY HANDS OFF motoGP and WSB

Ian Bryan - Unregistered

December 07, 2008 4:27 PM

Car manufacturers are the problem, because they equate achievement with money spent and then fall foul of budgetary constraints when the going gets tough, they can never truly participate. Car manufactures see the constant technology advancements needed for a sport like F1 as an unnecessary expense. The independent or privateer on the other sees its brain power, initiative and innovation that allows them to get ahead of the competition. The ultimate ‘men in sheds’ Colin Chapman and Ken Tyrell just kept everyone else on the run. Car manufacturers just cannot comprehend what these guys had. The sooner that the car manufacturers and mad Max leave F1 the better and then it can be reclaimed on behalf the fans and racing enthusiasts.



© 1999 - 2014 Crash Media Group

The total or partial reproduction of text, photographs or illustrations is not permitted in any form.