Toro Rosso’s finances strong

The Toro Rosso F1 team, previously known as Minardi, have released accounts for 2007 which show they have made a profit for the first time in over ten years.

Turnover increased to £75 million, up £43.5 million over the previous year, with an after-tax profit of £400,000. The book value of fixed assets double to nearly £6 million, whilst their creditors halved to £9.6 million.