Red Bull has become the first F1 team to spend over £200m in a single season.

The F1 team's latest accounts, which cover the year ending 31 December 2014, the first year of the new formula, reveal that spending increased by £7.4m to a record £203.6m ($310m), the most ever spent by an F1 team in a single season.

In a year in which the team slipped to runner-up, having enjoyed four consecutive seasons of title-winning success, staff numbers rose by 19 to 694. Indeed, staff pay accounted for £62.9m of the budget, with Christian Horner said to be receiving £2.6m.

However, as one would expect, the team’s biggest single cost was research and development, which accounted for £80.8m.

With the future of the team still officially unconfirmed, and having slipped to fourth in the 2015 constructors' standings, Horner, whilst giving little away, insists the team will be on the grid in 2016.

"(Our) ultimate parent undertaking, Red Bull GmbH, confirmed to the directors that it has no plans or intentions that would materially affect the ordinary operations of the company within the next 12 months," he told the Daily Telegraph.

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READERS COMMENTS

1. Posted by F One, 18/11/2015 23:59

"Ah so that's another why Red Bull are crying so pathetically. It's because they can't buy the championship just like they did all their others."

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2. Posted by Rob, 16/11/2015 22:31

"What else could Red Bull do to make up for the lack of performance from their engine? They are frustrated that the rules prohibiting Renault from extensively developing their engine don't allow them to compete at the front. "

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3. Posted by Tweek, 16/11/2015 18:09

"lol. £203,600,000.00 for 4th in the championship, I would be "unhappy" too ! At what point does throwing money at the problem start being a policy of diminishing returns ? "

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4. Posted by ape, 16/11/2015 14:46

"Pathetic ! and they complain about unfair competition ..
"

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5. Posted by mickl, 16/11/2015 12:06

"Wonder how much backtracking and ass kissing to Renault costs?"

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Red Bull sets new F1 record

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