Christian Horner hopes the budget cap helps to 'safeguard smaller teams' - GPFans.com

global

Welcome to GPFans

CHOOSE YOUR COUNTRY

Photo: © LAT Images

Formula 1

Horner hopes the budget cap helps to 'safeguard smaller teams'

Red Bull put the interests of Formula 1 ahead of the the team

Sam Hall

Saturday 6 June 2020 15:42

Make us your Google favorite

Red Bull team principal Christian Horner hopes the introduction of a budget cap into Formula 1 helps to 'safeguard' struggling teams.

In recent years, Caterham and Manor have pulled out of the sport due to the extreme financial pressures. Force India came back from the brink in 2018 when a consortium led by Lawrence Stroll purchased the team.

Williams are the latest team to face an uncertain future, but Horner is confident the $145million budget cap will prevent future struggles.

Article continues under video

"The plans for the next five years make F1 a more attractive proposition to outside investment, to investors, and sponsors," Horner told Motorsport.com.

"I think that it hopefully goes some way to helping safeguard some of the smaller teams, and hopefully these new technical regulations will also help create closer racing, which is certainly the goal and intent."

On the face of it, a budget cap is not in the best interests of Red Bull, and Horner said that the team had to look at what was best for F1 as a whole.

He added: "I think you've got to look at what's right for the business, and sometimes self-interest is outweighed by interests of the sport.

"I've taken a holistic view of this, and I believe the cream will always rise to the top at the end of the day. So whatever the regulations are, it's down to us to adapt to ensure that we're as competitive as we can be."

Before you go...

Binotto 'very happy' for Vettel to join Mercedes

Balance of performance has 'no place in Formula 1' says Wolff

Related

More F1 news

Latest F1 news

F1 stars fly economy with easyJet after Belgian Grand Prix

F1 stars fly economy with easyJet after Belgian Grand Prix

Just now

Carlos Sainz fires 'wake up' warning to Williams as F1 team risk losing star driver

Carlos Sainz fires 'wake up' warning to Williams as F1 team risk losing star driver

45 minutes ago

George Russell told to ditch Mercedes simulator - 'Sniff the air'

George Russell told to ditch Mercedes simulator - 'Sniff the air'

1 hour ago

Aston Martin 'set for huge Honda engine boost' and these are the teams they could now challenge

Aston Martin 'set for huge Honda engine boost' and these are the teams they could now challenge

2 hours ago

Haas to make F1 driver lineup change at Hungarian Grand Prix

Haas to make F1 driver lineup change at Hungarian Grand Prix

3 hours ago

Max Verstappen's F1 future takes unexpected turn after Belgian Grand Prix

Max Verstappen's F1 future takes unexpected turn after Belgian Grand Prix

Today 18:44

Just in

22:29

Carlos Sainz fires 'wake up' warning to Williams as F1 team risk losing star driver

21:44

George Russell told to ditch Mercedes simulator - 'Sniff the air'

20:58

Aston Martin 'set for huge Honda engine boost' and these are the teams they could now challenge

19:45

Haas to make F1 driver lineup change at Hungarian Grand Prix

18:44

Max Verstappen's F1 future takes unexpected turn after Belgian Grand Prix

F1 news

Recommended by the editors

Aston Martin 'set for huge Honda engine boost' and these are the teams they could now challenge

Aston Martin 'set for huge Honda engine boost' and these are the teams they could now challenge

Max Verstappen's F1 future takes unexpected turn after Belgian Grand Prix

Max Verstappen's F1 future takes unexpected turn after Belgian Grand Prix

Red Bull make decision on $3bn sale of F1 team

Red Bull make decision on $3bn sale of F1 team

Aston Martin F1 chief releases statement after chastening Belgian Grand Prix

Aston Martin F1 chief releases statement after chastening Belgian Grand Prix

Ontdek het op Google Play