F1 News, Reports and Race Results

Cost cap proposals holding Haas back, says Steiner

Haas F1 Team principal Guenther Steiner says that he needs to know more details about Liberty Media's proposal to introduce a cost cap into Formula 1.

He said that uncertainty over what will happen is already affecting the team's own plans for its short- and medium-term future.

Steiner feels he can't make vital decisions on expanding the team if the cost cap ends up limiting recruitment and overall budgets.

“We’ve already started this process at about mid-season when we discussed we were still up and down and needed to settle,” he explained.

“At the moment we want to stop because we want to see what Liberty Media comes up with for the cost cap," he continued. "Why would we grow a team for one or two years then to dismantle it again?

“With the cost cap coming in we don’t really know where to go. At the moment I don’t want to grow any bigger after our next step.

"Once we know where the sport is going then we can react but there is no point to react now and then counter-react a year later.

"Next year will go and if you recruit again after that, it is for 2019," he noted. "You might need to go smaller a year later.

"When the cost cap is here, if there are no negatives then we can grow and have growing pains rather than the pain of letting people go."

In the meantime, Steiner said that Haas would simply have to make do with the resources and personnel that it already had in place.

“We have to manage better the people we have at the moment," he concluded. "After next year we will know more about the new direction of the sport.

Steiner added that he didn't intend to be critical of Liberty, and appreciated their difficult position resolving this and many other issues facing the sport.

“It is very difficult to get 10 teams who are different in their structures, ambitions and why they are in the sport to get them together on common ground,” Steiner said.

"Liberty is working hard at it," he acknowledged. “I think they will work diligently. I hope by the middle of next year we’ll have some answers."

Gallery: The beautiful wives and girlfriends of F1 drivers

Keep up to date with all the F1 news via Facebook and Twitter

Andrew Lewin

Andrew first became a fan of Formula 1 during the time when Michael Schumacher and Damon Hill were stepping into the limelight after the era of Alain Prost, Nigel Mansell and Aryton Senna. He's been addicted ever since, and has been writing about the sport now for nearly a quarter of a century for a number of online news sites. He's also written professionally about GP2 (now Formula 2), GP3, IndyCar, World Rally Championship, MotoGP and NASCAR. In his other professional life, Andrew is a freelance writer, social media consultant, web developer/programmer, and digital specialist in the fields of accessibility, usability, IA, online communities and public sector procurement. He worked for many years in magazine production at Bauer Media, and for over a decade he was part of the digital media team at the UK government's communications department. Born and raised in Essex, Andrew currently lives and works in south-west London.

Recent Posts

Ricciardo ‘grateful’ to Red Bull for calling the end to his F1 career

There was a time when former F1 driver Daniel Ricciardo thrived on instinct, late braking,…

2 hours ago

Audi’s first reality check: No short-term fix for one costly weakness

A sense of unease is beginning to settle over Audi’s fledgling Formula 1 campaign, as…

4 hours ago

Alpine issues fiery open letter on Colapinto and social media hate

Alpine has turned to social media to address the storm of backlash following last weekend’s…

5 hours ago

A salute to Sir Jack - trail blazer extraordinaire

F1 legend Sir Jack Brabham, one of Australia's greatest sportsmen, was born on this day…

7 hours ago

The dawn of the GMR-001: Genesis ignites its WEC ambitions!

Feast your eyes on the Genesis GMR-001, the sleek new titan ready to shake up…

8 hours ago

Stroll set for GT World Challenge debut at Paul Ricard

As a sudden forced hiatus puts a halt on Formula 1 this month due to…

9 hours ago