Dietrich Mateshitz' Red Bull energy drink company spent £58m ($106) on its Milton Keynes Formula One team in its first year of racing, writes Christian Sylt.

According to latest accounts, sponsorship money from the Red Bull drink company accounted for much of the Formula One team's £82.6m turnover in 2005. The remainder was made up from other sponsorship deals and prize money.

The team's key costs include; salaries to 363 members of staff (£23m), and £10m to Cosworth for its engine supply.

With the team having been on a significant spending spree in 2006, having secured the services of (McLaren technical director) Adrian Newey, in addition to an engine supply from Ferrari, costs for the current season are expected to rise significantly.

The Austrian-owned team achieved its best result last weekend, finishing third in Monaco.

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