dr. Helmut Marko says he doesn’t like the idea of F1 being held hostage by the new budget cap.
Currently, the budget cap in Formula 1 is set at one hundred and fifty million dollars, depending on the number of races in a season. But global inflation is making it even more difficult for teams to meet the budget cap. The importance of the accountants of the teams is therefore increasing and that is what Dr. Helmut Marko but nothing.
“The finance department has expanded considerably,” Marko told Motorsport-Total.
“In the past, the technicians only had to register how much they needed, and if they fell outside the business plan you had to somehow coordinate that with Red Bull in Salzburg.”
“Now it is the case that the collaboration with the financiers determines the updates and also the size of the updates.”
“But it is not the case that the financier says: from then on there will be no more updates. We from the team management are looking at it and say that there is still an update to come. Then that has to be saved elsewhere.”
“It is a process that the FIA is learning from, that we are learning from. But I hope it doesn’t degenerate into an accounting championship.”
In addition, it is also difficult to retain staff in the new regulations, but they seem to be able to solve that at Red Bull with a trick.
“We’ve cut people from Red Bull Racing, but we still have them Red Bull Technology,” explains Marko. “People are then transferred and given other tasks.
But there are also people who have looked for other places, for example the former head of aerodynamics at Red Bull has moved to Aston Martin. However, Marko hopes to keep that to a minimum.
“We have a solid team, we have little fluctuation. It happens that someone leaves, but it was nothing essential in our aerodynamics department.”
“That was possible because we have such a solid and passionate group and a good financier who takes care of that with the budget cap.”
The war in Ukraine has not spared Formula 1 either, says Marko.
“If we are awarded an amount X, we can’t realize it at the moment because we can’t get the necessary materials. There are shortages in the global market,” he said.
“Specialist in drive systems AVL cannot deliver on an ad hoc basis because steel is scarce. You can hardly find construction companies. You have to take that into account in such a total package.”
“We were lucky to have completed most of the construction work before the war started. We had already ordered from AVL in advance. As a result, we were no longer affected by the steel shortage.”
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