Success means lower budgets for Red Bull - Mateschitz

Global Motorsport Media

Success is helping Red Bull to lower its formula one team budget, owner Dietrich Mateschitz revealed on Monday.

Sebastian Vettel, Red Bull Racing and Dietrich Mateschitz, Owner of Red Bull
Sebastian Vettel, Red Bull Racing and Dietrich Mateschitz, Owner of Red Bull

Photo by: xpb.cc

The Austrian billionaire was speaking the day after Sebastian Vettel celebrated his second consecutive drivers' title by singing 'My Way' and 'Yellow Submarine' in the form of Japanese karaoke.

Mateschitz said the young German is making F1 cheaper for his energy drink company.

"Already this year we had a lower net budget than last year," he told the Austrian newspaper Salzburger Nachrichten.

"Now, with our even greater success, the additional rewards, more sponsors, in 2012 budget will be lower still," added Mateschitz.

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About this article
Series Formula 1
Drivers Sebastian Vettel
Teams Red Bull Racing
Tags mateschitz, red bull