{"id":146828,"date":"2015-11-18T18:04:34","date_gmt":"2015-11-18T17:04:34","guid":{"rendered":"https:\/\/gtspirit.com\/?p=146828"},"modified":"2015-11-18T08:30:08","modified_gmt":"2015-11-18T07:30:08","slug":"red-bull-spent-310-million-in-2014-f1-season","status":"publish","type":"post","link":"https:\/\/gtspirit.com\/2015\/11\/18\/red-bull-spent-310-million-in-2014-f1-season\/","title":{"rendered":"Red Bull Spent $310 Million in 2014 F1 Season"},"content":{"rendered":"<p>Despite not winning a <a href=\"https:\/\/gtspirit.com\/category\/motorsports\/formula-one\/\">Formula One<\/a> World Championship since 2013, it has been revealed that in the 2014 F1 season, Red Bull Racing spent a record $310 million.<\/p>\n<p>Throughout last season, the F1 squad had a budget of $450 million including the additional funds it received from prize money and sponsorships. To put that into perspective, 2014 World Championship winning team Mercedes had a budget of $320 million while Ferrari wasn&#8217;t far behind RBR at $440 million.<\/p>\n<p>Of the $310 million spent by Red Bull in 2014, about $120 million of that was used for research and development with an additional $100 million being accounted for through the salaries of 693 employees. Despite the incredibly high budget, team leader Daniel Ricciardo is believed to have earned only $1.6 million last year and Daniil Kvyat less than $1 million. By comparison, team principal Christian Horner is said to have received $ million.<\/p>\n<p>Approximately $100 million of Red Bull Racing&#8217;s 2014 budget came thanks to a cut of the sport&#8217;s massive revenues. <\/p>\n<p>Despite having more money than any other team, Red Bull was unable to fight for a fifth consecutive championship in 2014 instead losing to Mercedes and only raking up three victories.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Despite not winning a Formula One World Championship since 2013, it has been revealed that in the 2014 F1 season, Red Bull Racing spent a record $310 million. Throughout last season, the F1 squad had a budget of $450 million including the additional funds it received from prize money and sponsorships. To put that into [&hellip;]<\/p>\n","protected":false},"author":190,"featured_media":142215,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[3770],"_links":{"self":[{"href":"https:\/\/gtspirit.com\/wp-json\/wp\/v2\/posts\/146828"}],"collection":[{"href":"https:\/\/gtspirit.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gtspirit.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gtspirit.com\/wp-json\/wp\/v2\/users\/190"}],"replies":[{"embeddable":true,"href":"https:\/\/gtspirit.com\/wp-json\/wp\/v2\/comments?post=146828"}],"version-history":[{"count":0,"href":"https:\/\/gtspirit.com\/wp-json\/wp\/v2\/posts\/146828\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/gtspirit.com\/wp-json\/wp\/v2\/media\/142215"}],"wp:attachment":[{"href":"https:\/\/gtspirit.com\/wp-json\/wp\/v2\/media?parent=146828"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gtspirit.com\/wp-json\/wp\/v2\/categories?post=146828"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gtspirit.com\/wp-json\/wp\/v2\/tags?post=146828"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}