Haas F1’s Guenther Steiner On Cost Cap And Team’s Survival

Guenther Steiner,team principal of Haas F1, has openly stated that without the cost cap, the team would have ceased to exist.


By Ben Bush
Updated on January 15, 2024

Guenther Steiner On 2021 Cost Cap

Guenther Steiner, the principal of the Haas F1 team, has openly acknowledged the pivotal role of the cost cap in the team’s continued existence, stating that without it, “we wouldn’t be here anymore.”

Since its introduction in the 2021 season, a spending limit for F1 teams on car development and construction has been enforced.

READ MORE: Magnussen Assured About Haas’ Development Path for 2024

This financial regulation was implemented to create a more equitable competition, preventing financially stronger teams from dominating the sport through sheer monetary power off the track.

While it’s not an instant fix-all solution, the cost cap has been widely commended for its positive impact on the sport’s competitive balance.

Steiner Acknowledges that without F1’s Cost Cap, Haas Might Have Vanished

Steiner stresses the importance of cost cap in F1

“In general, without the cost cap, I think Haas wouldn’t be here anymore,” Steiner said.

“So would not a few other teams, because the gap just got too big, and it was all about how much money can you spend?”

2020 and 2021 were very tough years for us because we didn’t know if we are staying around in Formula 1 or not,” he added when asked about the direction of the current team.

“But in 2022, from where we were, we came back – I wouldn’t say mega strong – but fairly strong and then obviously we wanted to build on that one.

“In the beginning of 2023, we built on it and came back good, but then, I don’t want to bore you again with that story, it didn’t go the right direction.

“But I think the cost cap in general is very good for Formula 1.”

Source: GP Fans

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Chief Editor

Ben Bush

Ben is our chief editor specialising in F1 from the 1990s to the modern era. Ben has been following Formula 1 since 1986 and is an avid researcher who loves understanding the technology that makes it one of the most exciting motorsport on the planet. He listens to podcasts about F1 on a daily basis, and enjoys reading books from the inspirational Adrian Newey to former F1 drivers.

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