Sports

Red Bull warned the rival F1 boss to “save money now” or risk missing races

Red Bull has won the last four Formula 1 races. (Photo by Clive Rose/Getty Images)

Haas team boss Gunther Steiner has warned Red Bull to “start saving” now if they have serious concerns about not being able to finish the current Formula One season as the sport’s range of cost caps continues to rise.

Red Bull has seen the strongest transition into F1’s new technical era of any of the 10 teams and currently leads both the Drivers’ and Constructors’ Championships after the first seven rounds of the season.

However, the boss of the Milton Keynes-based team, Christian Horner, has repeatedly warned that there is a serious risk that teams will not be able to finish the season because they have not been able to work within the financial constraints of Formula 1’s cost ceiling stay.

All ten F1 teams are locked into an annual expense cap that caps the team’s total operating expenses that year at $140 million, including the cost of car upgrades, staff salaries and transportation.

Shipping and freight costs have risen exponentially since the turn of the year, with the cost of living crisis and the Russian invasion of Ukraine both contributing to a seven percent rise in inflation. F1 experienced its biggest rule change in a generation over the winter, with every team forced to design their cars from the ground up as the sport aims to encourage closer, more exciting racing.

The consequence of the new technological age is that teams will constantly update their machines throughout the season to correct mistakes made during the design process and maximize their speed, at a significant financial cost.

Horner has repeatedly publicly called on the FIA ​​to raise the cost cap, but other teams say Red Bull should now face the consequences of spending heavily on car development earlier in the season.

“You have to start [saving] because it still takes six months,” said Steiner. “If you can’t save money for the last four races, start saving money now. This is business.

‘If [Red Bull] don’t drive the last four races, nine teams are very happy because they don’t get any more [championship revenue] next year and we can share it.’

Bahrain F1 Grand Prix - Preview

Gunther Steiner is known for his open nature. (Photo by Clive Rose – Formula 1/Formula 1 via Getty Images)

Steiner, who has led the American-owned Haas team since it joined the sport in 2016, went on to emphasize that a team must be financially successful to win at the track.

“So we’re happy people and I’m sure Ferrari will be happy if they don’t go to the last four races. ‘He [Horner] means you can’t make it, but as a businessman, you have to make it at the end of the day.

‘Her [the media] gotta make it If you’re on a budget but you’re away on business year-round and then you say, “Boss, I can’t do the last four races because I’m running out of money,” what’s he going to say? “Shouldn’t you have been flying economy earlier in the year?” You have to make it.”

The eighth round of the 2022 F1 season takes place this weekend in Baku, Azerbaijan.

For more stories like this, Visit our sports page.

Follow Metro Sport for the latest news
Facebook,
Twitter and Instagram.

General Sports

https://metro.co.uk/2022/06/06/red-bull-warned-to-start-saving-money-now-by-rival-f1-boss-or-risk-missing-races-16776674/ Red Bull warned the rival F1 boss to "save money now" or risk missing races

Nate Jones

InternetCloning is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – admin@internetcloning.com. The content will be deleted within 24 hours.

Related Articles

Back to top button