Steiner confident Haas will stay in Formula 1

Date published: June 19 2020

Haas team principal, Gunther Steiner, is confident that the American outfit will commit their long-term future to Formula 1.

Haas, like many other Formula 1 teams, have been waiting for Formula 1’s new blueprint of the sport to help them make a decision on whether their respective Formula 1 projects should continue.

But, with the new technical and financial regulations now in place with budget caps and sliding aerodynamic development scales, Steiner thinks Haas will be sticking around for the long haul.

“I think the budget cap is a good thing for the sport in general, even if it is not completely equal with everybody,” he told the media via video conference on Thursday.

“We know that we will still be under the budget cap but it is a very good step. Now the difference will not be $150m to the big teams but maybe $20m which is a very good step.

“There is a also the chance to break even in the future. You need to do a good job, that you break even.. Some people can for sure make money on it.

“The big teams, if they can keep the sponsorship they have got, and distribution of the prize fund will be a lot more equal in the new commercial agreement, there is a chance to do that.

Steiner said the next step is to see the new Concorde Agreement in all of its glory before a final decision is made.

Get your hands on the official Haas 2020 collection via the Formula 1 store

He continued: “That needs to be my aim, to make it breakeven for Mr Haas. If I make that happen, for sure he will sign the Concorde Agreement.

“We haven’t yet seen the [final] Concorde Agreement or the Commercial Agreement. We roughly know what it looks like.

“It should come in the next weeks or months, I don’t know exactly when, but obviously FOM had to wait to get all the new budget caps through, so it took steps back, but it will come.

“Once we have got it, then Mr Haas can decide what he wants to do but at the moment, his intention is stay within the sport, but before it is signed, I cannot say this is what is going to happen.

“The team, to remind everybody, is owned 100% by him so he can make the decisions and we will go from there but I’m very positive about it, where we are now.

“We are getting through this difficult period with the coronavirus pretty well at the moment. We’re doing the right things, we’re living within our means, and I think Haas is here to stay.”

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