A further $0.8 million (€0.7 million) was spent on intangible assets, such as new software, but that was just the start. It will get an even bigger boost this year when Toro Rosso is renamed AlphaTauri after a clothing brand connected to Red Bull.Īccording to the financial statements, investments in tangible assets including new production machinery, new hardware and track equipment came to $5.7 million (€5.1 million) in 2018. Red Bull bought the team in 2005 and has used it to train drivers, get another seat at the negotiating table and rev up the exposure of its brand. The previous record came in 2008 when the team won its first and only race since it was founded in 1985 by Italian entrepreneur Giancarlo Minardi. Since then it has finished in ninth and sixth place which was its joint-best ever result. ![]() ![]() Toro Rosso's financial statements reveal how much it costs to keep its wheels turning į1’s prize money is paid in arrears the year after it is earned so Toro Rosso’s haul in 2018 was based on its seventh place in 2017.
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