Perez: Budgets of the top teams are 'scary'

  • Published on 18 Jun 2019 10:46
  • comments 3
  • By: Fergal Walsh

Sergio Perez has labeled the spending figures of Formula 1's top teams as 'scary', stating that the sport needs to dramatically change.

F1 is set to introduce a full budget cap in 2021, with the reported figure at $175 million for each team.

MOREFormula 1 needs races 'like MotoGP' - Perez | Stroll put emotions on the table en route to points

The introduction of the cap will be one of several moves to bridge the gap between the race winners and midfield competitors.

"It's what the sport is desperate to have, and something it needs," Perez said. "Look at the midfield, it's a great battle. But it's the middle of the grid and at the top of the grid, the margins are too big.

"In Formula 1, everyone has their own interests. The top teams want to be as far away as possible, the midfield teams want to be as close as possible.

"Everyone has their own interests and I think that's what is killing the sport. I'm not going to be here for all my life. I'm just a driver for the next five or so years, and then I won't be competing here."

F1 must preserve itself for future generations

Perez added that the changes that F1 will make should be to benefit the new generation of drivers entering the sport.

"It's for the coming generations that we need a healthier sport," Perez commented. "At the moment, it's not sustainable. When you hear the numbers the top teams are spending, it's quite scary.

"So it's important for the sport to dramatically change, attract new sponsors, and new people.

"I'm not an expert on running a series, but if we all want that, and if we are all aware that F1 is dropping its audience a bit, there are a lot of things that can be done."

Replies (3)

Login to reply
  • he is right. sad that he doesn't see a nice f1 for himself, only for younger drivers

    • + 0
    • Jun 18 2019 - 11:23
  • f1ski

    Posts: 726

    In this politically correct world we must rotate victories to all teams. Buts seriously in the old F1 what many forget with multiple tire makers
    there were cars that performed better on high fuel load relatively and hard tires and others on low load and another compound. In todays racing you cannot be competitive unless it is perfect. The time deltas between compounds isn't great enough to give multiple pit stops an advantage. If refueling isn't an option why not give time bonuses for a second and third stop. A bit artificial but it would spice it up.

    • + 0
    • Jun 18 2019 - 16:27
  • The problem is that you have competing mission statements. As long as F1 remains a development series for engine/car manufacturers then they will always want as big of a budget as possible. If the mission was to change to that of being a series only for racing then the sport would dramatically change with the big teams leaving, probably for the worse as the big teams have a lot to do with the success of the sport. Defining and clarifying that mission is probably the hardest thing Liberty has to do for 2021. It's currently not very appealing for manufacturers. Look at the contrast to Formula E where all of the major manufacturers are chomping at the bit to get in to the sport. Do they not want to get in to a dying sport no matter how low the cost of entry? Without new engine manufacturers coming Liberty has to please the current engine suppliers with the direction they are taking the sport.

    • + 0
    • Jun 18 2019 - 21:33

BE Grand Prix of Belgium

Local time 

BEGrand Prix of Belgium

Local time 

World Championship standings 2024

Show full world champion standings

Test calendar

See full test schedule

Related news

Give your opinion!

Will Bottas challenge Hamilton for the world championship in 2020?

Formula 1 Calendar - 2024

Date
Grand Prix
Circuit
-
Bahrain
29 - Mar 2
Bahrain
7 - Mar 9
Saudi Arabia
22 - Mar 24
Australia
5 - Apr 7
Japan
19 - Apr 21
China
3 - May 5
United States of America
17 - May 19
Italy
24 - May 26
Monaco
7 - Jun 9
Canada
21 - Jun 23
Spain
28 - Jun 30
Austria
5 - Jul 7
United Kingdom
19 - Jul 21
Hungary
26 - Jul 28
Belgium
23 - Aug 25
Netherlands
30 - Sep 1
Italy
13 - Sep 15
Azerbaijan
20 - Sep 22
Singapore
18 - Oct 20
United States of America
25 - Oct 27
Mexico
1 - Nov 3
Brazil
22 - Nov 24
United States of America
29 - Dec 1
Qatar
6 - Dec 8
United Arab Emirates
See full schedule

Formula 1 Calendar - 2024

Date
Grand Prix & Circuit
29 - Mar 2
7 - Mar 9
Saudi Arabia Jeddah Street Circuit
22 - Mar 24
Australia Albert Park
5 - Apr 7
19 - Apr 21
3 - May 5
United States of America Miami International Autodrome
17 - May 19
24 - May 26
Monaco Monte Carlo
7 - Jun 9
21 - Jun 23
28 - Jun 30
Austria Red Bull Ring
5 - Jul 7
United Kingdom Silverstone
19 - Jul 21
Hungary Hungaroring
26 - Jul 28
23 - Aug 25
Netherlands Circuit Zandvoort
30 - Sep 1
Italy Monza
13 - Sep 15
Azerbaijan Baku City Circuit
20 - Sep 22
18 - Oct 20
United States of America Circuit of the Americas
25 - Oct 27
1 - Nov 3
Brazil Interlagos
22 - Nov 24
United States of America Las Vegas Street Circuit
29 - Dec 1
6 - Dec 8
United Arab Emirates Yas Marina Circuit
See full schedule

Driver profile

  • Team Red Bull Racing
  • Points 1,344
  • Podiums 33
  • Grand Prix 186
  • Country MX
  • Date of b. Jan 26 1990 (34)
  • Place of b. Guadalajara, MX
  • Weight 64 kg
  • Length 1.73 m
Show full profile

Team profile

Show full profile
show sidebar