Today's F1 News Delivered Faster Than a Pit Stop
Red Bull's profit remained nearly unchanged despite a 24% increase in revenue due to rising costs, notably a 36% surge in sponsorship payments exceeding €1 billion. Other expenses like production and logistics also rose, resulting in a net income of €1.72 billion. The company's sales reached 11 billion cans, but the US share declined to 44%, while Europe accounted for 36% of net revenue.
Click here to read the full article by Marton Eder (bnnbloomberg.com)
McLaren is seeking at least $23m from IndyCar champion Alex Palou after the Spaniard reneged on his contract for 2024. Palou initially agreed in court that he had no contractual obligations preventing him from joining McLaren after the 2023 IndyCar season. However, he later surprised by rejecting McLaren for Chip Ganassi Racing. If the original deal had gone through, he would have raced for McLaren in IndyCar and held a test and reserve role in their F1 team. McLaren's Zak Brown expressed disappointment in how the situation was handled personally, as Palou decided not to honor his contract with McLaren, leading to legal proceedings. Palou also cut ties with the management company involved in the original deal and had no contact with McLaren since early August.
Click here to read the full article on pitpass.com
Daniel Ricciardo will miss the Qatar Grand Prix due to a broken hand sustained in a crash during the Dutch Grand Prix. Liam Lawson is stepping in for him, with Ricciardo expected to return for the United States Grand Prix. AlphaTauri confirmed Lawson as a reserve driver for both Red Bull teams, and he has impressed with strong performances, even outperforming Yuki Tsunoda in some races. There is speculation about Lawson potentially joining Williams for the 2024 season, as he has showcased his talent during these substitute appearances.
Click here to read the full article by Nigel Chiu (sky sports.com)
Formula 1 drivers rank among the world's highest-earning athletes. While the exact figures are kept confidential, there is industry speculation about their salaries. Red Bull driver Max Verstappen earns over $55 million annually, Lewis Hamilton $35 million, Charles Leclerc $24 million, Lando Norris $20 million, and Carlos Sainz $12 million, among others.
In the latest Talking Bull episode, Nicola Hume chats with Red Bull driver Sergio Perez and his race engineer, Hugh Bird. They discuss their pairing during the 2021 Formula One season, the crucial roles of a race engineer, Team Radio communication, and the importance of effective communication in Formula racing.
