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“The budget cap is not the problem, it’s actually the cash is the problem”- As the larger teams expect an increase in the budget cap for sprint races, Haas F1 CEO Guenther Steiner speaks out in favour of such increase in the money allocation

Janmeyjay Shukla
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"The budget cap is not the problem, it's actually the cash is the problem" As the larger teams expect an increase in the budget cap for sprint races, Haas F1 CEO Guenther Steiner speaks out in favour of such increase in the money allocation

Haas F1 boss Guenther Steiner discusses why some teams are advocating for a higher spending cap for sprint races.

Six sprint races were agreed for the season 2022. Following fierce opposition from a number of teams, those ideas have been cut back.

Teams will be given a little sum to mitigate the expense of any potential harm from the additional race, according to a financial agreement reached last year.

McLaren boss Zak Brown also gave his view by calling this move a “ridiculous” one. He also raised concern that this could lead to there being no Sprint races in 2022 if the impasse cannot be resolved.

“If you have got money, the thing you need is a bigger budget cup” – Guenther Steiner counters Brown

Countering to him, Steiner understands the argument presented by the bigger team. He stated that “I wouldn’t say it is disappointing,”

“They are trying to do the job they can do. If you have got money, the thing you need is a bigger budget cup. Like when you haven’t got the money, [it’s similar to] what you try to do to get more money.

“So I think they’re just doing their job, it doesn’t disappoint me.”

Also Read: Helmut Marko says Red Bull’s risk-taking approach helped Max Verstappen win

Governance will solve the problem

He has also backed the idea giving importance to how much proper governance can help resolve the issue.

“I think we have got the governance in place which will deal with it,” Steiner explained.

“That is what you have to do, we have to lobby on the other side, that it doesn’t have [to increase]. I think they [the bigger teams] tried to use their power to move something which will help them to perform, which is being able to spend more money, while some teams just need more money.

“The budget cap is not the problem, it’s actually the cash [that is the] problem. I think the majority of people have got that problem, so there is governance in place and that will solve the problem out there in my opinion.”

Also Read: Lando Norris explains the reasons behind the step-up he made in the 2021 championship

About the author

Janmeyjay Shukla

Janmeyjay Shukla

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Janmeyjay Shukla is an artist who contributes his expressions through words as an F1 writer and editor at The SportsRush. He is an F1 historian who has been watching the sport since he was a baby. Passed on from generation to generation, he has seen the prime of Michael Schumacher to the rise of Max Verstappen. A Mercedes fan from the days of the Brawn GP era, the sport runs in his blood. Besides Formula One, Janmeyjay is a Marketing Head and a musician who loves to sing and play Rock & Pop songs on guitar. His love for sports will never die as he is a loyal Liverpool Football Club fan as well!

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