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Steiner thinks budget cap should not be increased

CIRCUIT DE MONACO, MONACO – MAY 27: Guenther Steiner, Team Principal, Haas F1 during the Monaco GP at Circuit de Monaco on Friday May 27, 2022 in Monte Carlo, Monaco. (Photo by Carl Bingham / LAT Images). Credits: Haas F1 Team, LAT Photo.

Haas team principal Guenther Steiner believes that current budget cap facilitates competition in the midfield.

The $140m budget cap has become a concern for some F1 teams. They are worries it will not be possible to stay within the limit amid inflation and increased freight costs. Christian Horner has assumed earlier that up to 7 teams may miss final races of the 2022 season because of that.

One of the solutions proposed is to lift up the budget cap. However, Steiner does not agree with it.

“It’s mixing it up, I think as I always said short-term nothing will change but mid to long-term I think it will get even closer together. But therefore, we shouldn’t now change the budget cap and up it because this is actually good for the racing in the midfield now,” he said.

“You never know who is best of the rest. And I think if we continue with the budget cap, and with the rules it will get even closer together to the big guys.

“I mean, we all have to make it. I don’t have a job if I tell my boss I don’t make it to the end of the season. That’s my job. We need to do, because if you don’t finish the season, the next year you don’t get any money.

“I think there are nine teams who are very happy about it [if Red Bull has to miss races] because they don’t get any money next year and we can divide it. For sure Ferrari will be happy if they don’t come to the last four races!

“I think my solution is I need to make work one way or another, And I think most of the team principals have the same instructions.”

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