K-Mag would lose seat if pay drivers take over

Date published: April 27 2020

Kevin-Magnussen-arms-crossed-Haas-PA

Kevin Magnussen has said he will no longer be in Formula 1 if teams are forced to take on more pay drivers to help with finances.

Although Formula 1 has released a revised plan to start racing in Austria from July 5, the months that are passing without on-track action are hitting teams, especially the smaller ones, where it hurts: their wallets.

As a result, there could be a possibility of seeing more even more pay drivers on the grid in the years to come as teams look to recoup lost income.

If that does prove to be the case, then Magnussen thinks that will be the end of his Formula 1 career.

“If you have to pay for the seats, I’m no longer there,” Magnussen told Danish newspaper BT.

“Because I both cannot and will not raise the necessary funds.”

Magnussen is out of contract at the end of the 2020 season, but he is eager to remain at Haas, who have an option on him to extend the deal.

The Danish driver also feels that it would make sense to keep him at the team with the incoming introduction of a budget cap and a freeze on the current regulations until at least 2022.

“I really want to stay with Haas,” he added.

“They have an option on me, and it would suit me well if they use it.

“Haas is a great place to be, and with the budget cap being introduced in 2021, we can get closer to the top.

“It has also been decided that everyone will continue with the 2020 models in 2021, so it also makes sense to continue with the same drivers.”

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