Red Bull and Christian Horner, like any other team, have work to do within the budget ceiling allotted to them by the FIA. All of our lives have been affected with every outbreak of the pandemic and F1 has been no exception. All 10 teams have been hit by the brunt of the coronavirus as lockdowns prevented most countries from conducting races. Knowing how expensive a sport is in Formula 1, some important decisions had to be made.
The FIA decided that a budget cap would be enforced from 2021, which would force teams to spend less developing the car, which in turn would affect its racing performance. Initially, it was decided to set the budget at $175 million, but after further discussion, it was further reduced to $145 million. This was also in line with the FIA’s promise to make Formula 1 a sustainable sport.
Another potential prospect that has been on the horizon for a long time is driver salaries. Red Bull team boss Christian Horner was recently asked about the same topic. Horner was able to dodge that question quite adeptly.
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Christian Horner believes it is more important to lower the cost of expensive cars than to look at the driver’s salary cap
But he felt that even if we are able to do so, it will be extremely difficult to keep track of the bid as all F1 teams’ reporting structures are particularly complex. He said, “I think you have to look at where the cost drivers are.”
“I think as Formula 1 we need to be more concerned with technical regulations and sporting regulations because we still design and manufacture very expensive cars. You know, the engine regulations for 2026. Nothing is cheap there.”
“What we don’t want to see is Formula 1 becoming an accounting world championship, you know, and not a technical or sporting one‘ as reported by gpblog.
Christian Horner, in his blunt manner, did not give us a clear answer. But what he said was that instead of looking at driver salary caps, we need to make cars cheaper.
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https://firstsportz.com/f1-news-the-engine-regulations-arent-cheap-christian-horner-believes-its-imperative-to-address-other-issues-rather-than-salary-cap/ “The engine regulations are not cheap”, Christian Horner considers it imperative to address issues other than the salary cap » FirstSportz