Steiner: F1 must no longer undo cost savings

( – In the wake of the Corona crisis, Formula 1 has embarked on a course of savings that it should not stray from when the global economic situation has calmed down again. Haas team boss Günther Steiner warns in the latest issue of the # ThinkingForward interview series of our sister portal ‘’.

Günther Steiner

Maintain austerity: Günther Steiner warns of a backward roll



“We sat down and agreed on a budget ceiling, a lower one, and it’s a good initiative,” emphasizes Steiner. “We decided very quickly that we would use the car from next year as well … and the regulations for 2022 should make the car cheaper.”

The Formula 1 team boss assesses these measures as positive and important. “Now we have to make sure that we don’t forget them,” he says. Under no circumstances should one fall back into old patterns and, when the good times come again, say: “Oh, let’s discuss whether we should raise the ceiling again or leave it out altogether.”

Haas team boss: “No reserve fuel in the tank”

He does not believe that this will happen. “But I will remember that we shouldn’t do that. So we emerge stronger from it.” One of the most important lessons he learned from the corona lockdown is that teams and companies didn’t have enough leeway in good times.

“It shows me that we, as a company, are too much on the brink. Every little distraction shakes us, which is not a good thing,” said Steiner. “We don’t have any reserve fuel in the tank, I would say. And I’m not just referring to money. You just don’t think there could be a bump on the way.”

# ThinkingForward interview with Günther Steiner

The complete conversation with Haas team boss Günther Steiner in the context of our interview series #thinkingforward.

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Under the conditions of the rule amendment postponed to 2022, the Haas team boss believes that the first three teams still have an advantage, but will no longer be completely out of reach. “We shouldn’t expect everyone to be equal in 2022, I think it will take a few years,” he says.

Budget ceiling: spacing reduced five times

The advantage that the big teams have with their resources is quite large, as is the knowledge they have gained over the past 20 years. “So I think they will still have an advantage. But if you do a good job and build a fast car, you should get there too.”

By that he doesn’t necessarily mean winning races, but he does mean the chance to be on the podium – a realistic chance. “Not just one where you are lucky enough to be in the right place at the right time and then you can do it”, but one where you can do it on your own.

Even if the cost cap will not affect Haas’ own expenses, Steiner is convinced that it will be of great benefit to everyone in Formula 1. If the gap between large and small teams is around $ 100 to $ 150 billion today, it will total $ 20 or 30 million in the future.

“Isn’t that a good step? I would say yes,” says the Haas team boss. “We haven’t made up for it yet, but it’s a good move. The gap is reduced five times, which I think is a great achievement.” He is certain that this will also be reflected in the long-term attractiveness of sports.

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