F1 News: Monaco Grand Prix crash leaves Red Bull with $2.5 MILLION bill

Sergio Perez, Kevin Magnussen, Nico Hulkenberg in Monaco — Photo: © IMAGO

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Monaco Grand Prix crash leaves Red Bull with $2.5 MILLION bill

Perez's Monaco smash has cost them millions according to the team boss

Sheona Mountford F1 Journalist

Motorsport journalist working in F1 since 2024.

Tuesday 28 May 2024 23:00

A terrifying lap one crash has caused Red Bull to lose at least £2 million after the Monaco Grand Prix.

Sergio Perez collided with the Haas of Kevin Magnussen, after the Dane attempted an overtake up the hill after Turn 1.

Article continues under video

Magnussen’s team-mate Nico Hulkenberg was also caught up in the three-car pile up, with Perez’s Red Bull completely destroyed.

All three drivers were able to exit their cars safely, however, their race weekend was over resulting in expensive damages for both teams.

Sergio Perez, Kevin Magnussen and Nico Hulkenberg were all caught up in a terrifying lap one incident

Sergio Perez's Red Bull was completely destroyed

Who was at fault for Monaco lap one incident?

Speaking to Sky Sports after the race Magnussen suggested he had nowhere to go with Perez ‘squeezing’ him to the wall.

"From my point of view, I had a good part of my front on Perez's rear and when he went to the wall I got pushed to the wall and made contact with him," Magnussen said.

"I trusted he was going to leave space for me since I was there.”

"From my point of view, I was there and I got squeezed to the wall."

On the other hand, Perez stated the Dane’s actions were ‘unnecessary’, criticising his driving style.

"It was an immense crash, one I'm disappointed about. I think it was totally unnecessary at that point of the race and there was no need for that,” he said.

"At some point you have two options: Lift or have a contact, and I think it was too unnecessary with the speeds we were doing and it was a massive contact.

"It was important to take things a little bit calmer."

Sergio Perez has cost Red Bull at least £2 million after Monaco crash

Hulkenberg described both drivers’ as stupid for their first lap antics, which has had staggering financial implications for Red Bull, costing the team millions.

“This is costing us about two to three million and with the budget cap that is of course a big handicap. It was another crash that Magnussen was involved in,” Red Bull chief Helmut Marko told Sky Germany.

Red Bull Sergio Perez Nico Hulkenberg Monaco Grand Prix Kevin Magnussen