Red Bull Crew Chief: “I think F1 owners will help financially”

The actual motorsports class currently has ten racing stables. The best teams Mercedes, Ferrari and Red Bull have big budgets, but the teams may have problems due to the crisis in the crown.

“I think Formula 1 owners will help with money to make sure we still have ten teams next year,” Horner said in the British newspaper The Guardian. “It is their business, they need all the teams to compete.” Therefore, they also have to decide how to keep all the teams alive, “said the Red Bull team boss about Liberty Media, the US company that owns Formula 1 since 2017.

Many teams based in England have sent their staff on vacation and have appealed to a UK government scheme. For example, your employees are insured for at least 80 percent of your salary. Haas, Renault, Williams, Racing Point and McLaren racing stables hope to overcome the crisis in this way.

Starting next season, a budget limit will apply in Formula 1, which was initially set at $ 175 million (about € 160 million), but many teams advocate lowering that limit further. “This discussion is not about money, but about competitiveness,” says Horner. “They are trying to reduce the best teams to a level that middle class teams can compete with.”

The Red Bull team boss sees more on two levels of the budget cap. Higher level racing stables would provide cars to smaller teams, so they don’t have to build and develop their own car. “Costs are greatly reduced as a result,” said Horner.