RED BULL has revealed the total cost of Max Verstappen's collision with Lewis Hamilton - at a staggering PS1.3MILLION.

The British Grand Prix title rival clipped the Dutchman on his right-rear wheels at 180mph, sending him into the tyre barriers.

The massive impact of 51G in G force mangled Verstappen’s car, leaving him hospitalized while Hamilton won.

Christian Horner, Red Bull's boss, confirmed that his driver had undergone a CT scan and MRI at Coventry Hospital before he was given the all-clear.

The race chief, 47 years old, also explained how the incident had impacted his team financially.

Red Bull Racing website: "This crash cost us approximately $1.8million (PS1.3m). An accident like this has huge ramifications in an era of budget caps."

Hamilton, 36, received a ten second penalty for causing the crash. However, many of his fellow drivers supported the racing incident.

Horner, however, has stated that Red Bull are "considering" launching additional action against Mercedes and the reigning Formula One champion.

He stated: "It's no secret that we felt, and still feel, at the time that Hamilton was given an insignificant penalty for this kind of incident."

"Given both the severity of the incident, and the lenient punishment, we are reviewing all data. You have the right to request a review.

"We are still reviewing the evidence and considering all our options in sport."

The row before the Hungarian Grand Prix, August 1, has ignited the F1 title race.

Horner claims Verstappen will "do his talking on track" after having been subject to a beating similar to that of Tyson Fury.

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The team boss said that Max was being closely monitored and released from the hospital around 22:00. Max was then able to travel home the next day.

"I spoke with him again Monday morning, and he felt like Tyson Fury had done some rounds with him.

"He was bruised and battered, but he felt lucky and grateful to his medical team, like we all are. In true Max style, he was already trying not to think about it and looking ahead to Hungary."