F1 News, Views and Reviews

Red Bull Racing Share Out Staff Bonuses For Winning Title

Red Bull Racing owner Dietrich Mateschitz has handed out all of the staff bonuses to his team following their double world championship victory this season, according to German newspaper Bild.

It has been estimated that the majority of the 500 staff in Milton Keynes were given £10,000 for their troubles over the season, while more senior staff earnt themselves a bonus of about £42,000 for their part in the victories.

World Champion Sebastian Vettel earnt himself around £2.6million for winning the world championship, on top of the extra sponsorship money and revenue he will now command following the championship victory.  Proctor & Gamble have already signed a new sponsorship deal with the young German.

It is merely a drop in the ocean for owner Mateschitz, himself a millionaire, who is expected to receive about £62million in prize money for the championship wins.  He has always maintained however that his wallet is not a bottomless pit when it comes to the budget for the team, they are estimated to have a middle ground budget of between €300million and €500million.  Toyota were the top budget spenders in F1, but it is likely that Ferrari have regained the crown of the largest spenders in F1.

 

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