Despite being renowned for their strong mid-season development, Red Bull are suffering a sharp decline. Upgrades to the RB20 have proven ineffective, with Red Bull failing to make meaningful progress since the Japanese GP in April.

Red Bull have announced the signing of a new driver, as well as extending a partnership with a key ally. The Milton Keynes-based outfit have suffered a tumultuous season in Formula 1, surrendering their dominance over their competitors and dropping to second in the constructors' championship.

While RBR’s accounts suggest only a tiny profit margin, it’s worth pointing out that, as an entity, it is tied together with Red Bull Technology and Red Bull Advanced Technologies – Red Bull Technology boasted post-tax profits of £11 million for 2023, while Red Bull Advanced Technologies made a post-tax loss of £35,000.