“Hey, I have had my fun!” – Guenther Steiner suggests Haas would leave Formula 1 if not for budget cap

Subham Jindal
|Published February 13, 2021

“Hey, I have had my fun!” – Guenther Steiner is sure Haas would leave Formula 1 if the budget cap is not ratified and implemented from this season.

The F1 budget cap is set to be implemented from this season, which will see teams spend wisely, with an upper limit. This will ensure a low-budget team Haas can be much more competitive henceforth. And as per the team principal Guenther Steiner, also help them survive in the sport.

“Without the budget cap and the new prize fund distribution, I don’t think we would be here this year. It doesn’t make sense for a small team to pump money in because you cannot catch up to the big ones. You would have to invest too much money which we will never get back. There is no point.

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“At some point, you say, ‘Hey, I have had my fun,’ you move on and do something else fun because there is a lot of things you can do with the money that is fun. With the budget cap, if you do a good job, you can break even and if the sport goes well commercially, you could even make a business out of it. It is a business now but it is a losing business for most of us here.

“The aim is always to break even or to make money – that would be the best thing. So I think without the budget cap, it would be very difficult that we would be here for the future.”

Read more: “A working group will be created including the drivers” – F1 salary cap to be decided in consultation with teams and drivers

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Subham Jindal

Subham Jindal

A Red - be it Manchester United or Ferrari. Hails from the hills of Kalimpong, Darjeeling. Aspiring to become a respected Sports Management professional.

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