Horner: Costs set to increase greatly next season

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Red Bull team principal Christian Horner has explained how the cost of participating in Formula One is set to significantly increase next season due to the new regulations that have not been introduced with finances in mind.

Next year, V8 engines will be replaced by turbocharged V6 power units, and with the re-introduction of in-season testing, costs are set to rise. Speaking to ESPN F1, Horner expressed his dismay at the situation.

“The costs are going to significantly increase,” he explained. “The engines are far more expensive, and to operate that engine… Just the radiator bill alone next year compared to this year is looking like it’s going to be double.

“Then of course we’ve added four in-season tests, so the teams have only got themselves to blame because each of the regulations that have been introduced next year will have a dramatic impact on costs.”

Horner explained that Red Bull has had to search for some new sponsors and partners to help ease the costs, but he acknowledged that the other teams may not enjoy such a luxury.

“The impact of next year’s costs for us could range anywhere between €25 million and €40 million. We have to go out and find that because Red Bull won’t fill that deficit and that’s why we have a lot more partners on the car.

“Thankfully we’ve been successful and we’ve managed to attract good partners and good prize revenues, but if you’re further down the grid it must be impossible to counter the increase in costs versus generating income.”

Red Bull will go in search of a fifth straight drivers and constructors’ championship in 2014 as Daniel Ricciardo joins the team as Sebastian Vettel’s teammate.

Here’s who were picking to win the Indy 500 — who are YOU picking?

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Several members of the NBC Sports motorsports staff have made their predictions on who will win Sunday’s 102nd Running of the Indianapolis 500.

Of the six voters, two are going with 2017 Verizon IndyCar Series champ Josef Newgarden, while two others are going with Helio Castroneves to win a fourth 500, which would tie him with A.J. Foyt, Al Unser and Rick Mears.

Here’s our picks. Who are YOU picking?

Leigh Diffey: Helio Castroneves — He drives the place better than anyone else. For me (for what its worth) he deserves a fourth 500 ring for the frustration he went through never getting the IndyCar title!

Townsend Bell: Josef Newgarden

Nate Ryan: Simon Pagenaud — All of his 2018 misfortune on the track has disappeared in May, and it culminates in the biggest victory of his career.

Jerry Bonkowski: Helio Castroneves – There’s no pressure as he pursues his fourth Indy 500 win. All Helio has to do, as late NFL owner Al Davis would say, is “Just win, baby!” (But if Helio falls short, watch for Marco Andretti)

Kyle Lavigne: Josef Newgarden — I think he has everything he needs to get it done this year.

Dan Beaver: Robert Wickens – Has driven like anything except a rookie and his second-place finish at Phoenix proves he’s just as good on an oval as the road courses.

Follow: Jerry Bonkowski