Red Bull to spend millions on staff title bonus

855 views

Sebastian Vettel, Red Bull Racing celebrates his World Championship with the team
Sebastian Vettel, Red Bull Racing celebrates his World Championship with the team

Photo by: xpb.cc

Nov.27 (GMM) F1 team Red Bull will pay a 10,000 British pound (US $16,000) bonus to every staff member, after winning the drivers' and constructors' championships for a third consecutive time in 2012, the Telegraph reports.

The gesture will cost the energy drink-owned squad millions, but not as much as the financial windfall of winning the title as spelled out in the Concorde Agreement.

Indeed, failing to leapfrog Ferrari for second place in the constructors' standings in Brazil has cost McLaren about $12 million, Telegraph journalist Tom Cary claimed.

Write a comment
Show comments
About this article
Series F1
Article type Breaking news
Tags f1, ferrari, gmm, mclaren, mercedes, red bull

User photos

erikjunius
F1

erikjunius

37 photos
EuroRacer
F1

EuroRacer

21 photos
SurdinP
F1

SurdinP

1 photos
max
F1

max

29 photos
ADLITIKA
F1

ADLITIKA

213 photos
Kevin_Bennett_Photo
F1

Kevin_Bennett_Photo

139 photos
PiBiPhoto
F1

PiBiPhoto

47 photos
Upload photo