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Formula 1

Red Bull Racing Renames B-Team as Visa Cash App RB for 2024 F1 Season

Red Bull Racing's B-team, formerly known as AlphaTauri, has undergone a name change for the upcoming F1 season. The Italy-based team will now be called Visa Cash App RB. This groundbreaking deal will bring a new look to the team, with the Visa logo prominently displayed on the Red Bull and Visa Cash App RB cars.

New Era for Faenza: Bold Vision and Exciting Partners

Peter Bayer, Chief Executive Officer of the newly named Visa Cash App RB team, expressed his excitement about the team's new identity and the addition of new partners. He stated that the team is entering a new era of racing and will continue to be a hothouse for talent. With the support of future-focused partners like Visa and Cash App, the team aims to compete for the biggest prizes in F1.

Yuki Tsunoda and Daniel Ricciardo to Unveil New Car Livery

Visa Cash App RB drivers Yuki Tsunoda and Daniel Ricciardo will reveal the new car livery during a special event in Las Vegas on February 8th. Fans eagerly await the new look of the team as they gear up for the upcoming season, set to begin in Bahrain on February 29th.

Criticism and Calls for Change

Despite the excitement surrounding the rebranding, the name change has faced criticism. F1 website The Race dubbed "Visa CashApp RB" as the worst team name in F1 history and an embarrassment to Red Bull and F1 as a whole. McLaren chief executive Zak Brown recently called for a ban on common ownership in Formula One, indirectly referring to Red Bull and AlphaTauri as the only two teams with shared owners. F1 icon Damon Hill has supported Brown's point, stating that he agrees 100 percent.

Disclaimer: This article is purely speculative and intended for entertainment purposes only.

Frequently Asked Questions

What is the Formula 1 budget cap?

The budget cap is a recent introduction to Formula 1 designed to promote financial sustainability and competitive balance among teams. For the 2021 season, the budget cap was set at $145 million, and this excludes costs such as driver salaries, marketing, and the salaries of the top three personnel within the team. The cap is subject to gradual reduction in the subsequent years.

What is a Formula 1 motor’s price?

A Formula 1 motor is one of most sophisticated machines in the sport. Teams can spend up to $10 million just on the engine, which is the cost of the technology and performance required to compete at the highest levels.

What is the price of a Formula 1 steering wheels?

A Formula 1 Steering Wheel is a very complex piece. It’s packed with dials, displays, and buttons to control car functions. The price of a Formula 1 wheel can vary from $50,000 to $100, due to the bespoke technology and design.

How much will wind tunnel costs and simulator costs affect the budget of a Formula 1 Team?

Formula 1’s car development relies on wind tunnel testing, and using simulators. Wind tunnels can cost up to $100,000 a day. Full-scale simulators, on the other hand, may cost several millions of dollars at first. These facilities have a significant impact on the budgets of teams.

How much has hybrid power affected Formula 1 team costs since its introduction?

The addition of hybrid power units to Formula 1 has increased both the technical complexity and the associated costs. Due to the high costs of development, maintenance, and production of these hybrid engine, teams have seen their costs rise since 2014. Due to the shift towards hybrid technology, increased budgets are needed for research and developments to remain competitive.

What is the cost for a Formula 1 Team’s pitstop equipment?

Equipment used by Formula 1 teams during pit stops is an important part of their competitive strategy. It can also be extremely expensive. To ensure precision and speed, high-tech wheel gun, jacks and communication systems may cost between $100,000 and $500,000.


  • Sponsorship deals are critical in Formula 1, with major title sponsorships sometimes contributing tens of millions of dollars to a team’s budget.
  • Pirelli F1 tires cost around $2,700 each, resulting in a set of four tires costing approximately $10,800.
  • A Formula 1 car’s carbon fiber body parts, essential for performance and safety, contribute significantly to the overall production costs of the vehicle.
  • The budget cap introduced in Formula 1 for the 2021 season was set at $145 million, which is aimed to level the playing field.
  • Wind tunnel testing costs in Formula 1 can be as high as $100,000 per day, which is a critical part of car development.
  • An advanced Formula 1 steering wheel can cost between $50,000 to $100,000 given its multifunctionality and custom design.
  • Racing suits worn by Formula 1 drivers can cost from $2,000 to $5,000, integrating high levels of safety and performance features.
  • The financial cost of a Formula 1 car crash can range from a few tens of thousands to over $1 million, dependent on the extent of the damage.

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How To

How To Maintain An F1 Racing Simulator

Maintaining a Formula 1 racing simulator involves regular software updates to reflect the latest track changes and car improvements. Schedule hardware inspections to ensure pedals, steering wheels, and visual displays operate at peak performance. Organise regular calibrations of force feedback and motion platforms to ensure accurate, real-world experiences. To ensure rapid troubleshooting, establish a technical relationship with the provider of the simulator. Use a schedule for the simulator that will prevent overuse and prolong its life.

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