P1racenews AI automatic summary:
Red Bull F1 team records increased turnover of £385m in 2022
The organisation has a unique business model where the RBT group is the parent company of Red Bull Racing, employing only 50 people officially. RBT’s income stream includes payment for work and parts supplied to AlphaTauri. There are four other related companies on the Milton Keynes campus, two of which are involved in F1 powertrain projects. RBT declared a turnover of £385.6m, an increase of 13% from the previous year, while Red Bull Racing had a turnover of £278.0m and a profit after tax of £2.0m. Extra income came from the F1 prize fund and higher sponsorship income, with Oracle joining as the title partner. Administrative expenses were up due to a fine from the FIA, and staff bonuses were given for Max Verstappen’s championship success. The overall headcount of RBT decreased, and the powertrain division was split into two companies for servicing current Honda PUs and the creation of the new Ford-backed engine for 2026.
Source: motorsport
