News Details
Haas now have ‘10%' spending deficit, not ‘100%'
With the new budget cap now in play, Haas boss Guenther Steiner says his team are spending 10% less than the other teams rather than 100%. In recent years, Mercedes, Ferrari and Red Bull had established themselves as the three highest-spending teams on the grid and that showed until last season as the trio pulled away at the front, leaving a ‘best of the rest' battle behind. But for 2021, teams are now capped at spending $145million per season and while Haas are not at that level, Steiner said the deficit to other teams is now '10%' rather than '100%'. The new Concorde Agreement and more even distribution of funds between teams going forward was also a key factor in keeping Haas in...
Full Story »
Full Story »
4y ago from PlanetF1.com
0
You May Also Be Interested In...
Mercedes tackles F1 budget cap with new division
Mar.4 A new division at Mercedes was set up to help the Formula 1 team...
4y ago from OneStopStrategy.com
Haas will 'live with risk' of not developing 2021 car...
Haas team boss Guenther Steiner says the US outfit's decision not to...
4y ago from F1i.com
Haas' Russian livery 'doesn't circumvent' rules -...
Haas F1 Team boss Guenther Steiner says the livery of its 2021 car does...
4y ago from F1i.com
No token spend from Haas as they're treating '21 as...
Haas have opted against spending any performance tokens on their 2021 car...
4y ago from FormulaSpy.com
Elsewhere On The Network
Popular On MGPToday.com
Marc Marquez admits ‘my body will force me to retire...
No description available...
4h ago from Motorsport.com
Ducati anticipates ‘2024 version’ of Francesco...
Ducati Team Manager Davide Tardozzi is “very confident” Francesco...
4h ago from MotorsportWeek.c...
Honda completes another test with 2027 bike as Ducati...
No description available...
21h ago from Motorsport.com
Jorge Martin: Aprilia signed me to win the title,...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Long Beach to bring in new leadership for iconic event
Organizers of the annual Grand Prix of Long Beach event have announced...
1d ago from MotorsportWeek.c...
Grand Prix of Long Beach set for leadership change
No description available...
1d ago from Motorsport.com
Pato O’Ward joined by F2 champion in McLaren F1...
McLaren has announced its driver development program lineup for 2026,...
1d ago from MotorsportWeek.c...
Kucharczyk set for 2026 Indy NXT run with HMD
No description available...
2d ago from Motorsport.com
Popular On TotalWRC.com
Dakar 2026: Dacia edges Ford and Toyota as Nasser...
No description available...
3h ago from Motorsport.com
Luciano Benavides defeats Ricky Brabec by two seconds...
No description available...
5h ago from Motorsport.com
Ford's Nani Roma survives late crash and fuel drama to...
No description available...
20h ago from Motorsport.com
Popular On GunnersToday.com
'Seen as inevitable' – Worrying Arsenal update...
Arsenal manager Mikel Arteta is reportedly attracting interest from big...
2h ago from CaughtOffside.com
“We are pretty confident of catching Arsenal” -...
Manchester City star Tijjani Reijnders has said the club is confident of...
3h ago from SportsKeeda.com
Arsenal now set to target £120m double transfer after...
Arsenal are now reportedly set to switch their focus to Eintracht...
3h ago from CaughtOffside.com
'In active talks' – Fabrizio Romano provides...
Fabrizio Romano says Chelsea are in active talks over signing a new...
7h ago from CaughtOffside.com
Comments
Hottest News
Alex Albon names F1 star who would be 'BEST MAN at his...
Alex Albon has revealed which F1 star on the grid... Read More »
2h ago from GPFans.com
Russell reveals the 'big' contract request that Mercedes...
In the world of driver contract negotiations,... Read More »
40m ago from F1i.com
F1 Testing 2026: All you need to know as Hamilton,...
It may feel like five minutes since Lando Norris... Read More »
3h ago from GPFans.com
