user icon

Steiner confident Haas will remain in F1 beyond 2020

  • Published on 19 Jun 2020 11:58
  • comments 1
  • By: Fergal Walsh

Guenther Steiner is confident that the Haas Formula 1 team will remain in the sport past the 2020 season.

Last month a $145 million budget cap was confirmed for the 2021 season, which will be reduced to $135 million for 2023. The cap is reassuring to many of the smaller teams, whose futures were at risk due to the current financial model.

Haas is F1 newest team, having joined the grid in 2016, achieving a best championship position of fifth in the 2018 season. 

Rumours have circulated for months regarding the team's future in F1, however its team principal Steiner has set the matter straight: “Haas is here to stay,” he told

“I think the budget cap is a good thing for the sport in general, even if it is not completely equal with everybody. 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 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.”

MOREF1 still 'a very expensive sport' despite budget cap - Steiner

MORESteiner: Upgrading Haas' F1 car throughout 2020 will be 'very difficult'

Steiner affirmed that Gene Haas, the team's owner, will decide on the future when the new Concorde Agreement is presented to the F1 teams

“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.”

Replies (1)

Login to reply
  • Bilstar

    Posts: 54

    Haha, imagine if he said different. "There's no way we'll be here beyond 2020! Heck no we've had enough. We're just gonna wrap it up quietly this year and that'll be that."

    • + 0
    • Jun 19 2020 - 14:32

BE Grand Prix of Belgium

Local time 

BE Grand Prix of Belgium

Local time 

Related news

World Championship standings 2022

Show full world champion standings

Test calendar

Circuit de Catalunya - Winter testing

Bahrain International Circuit - Winter testing

See full test schedule

Give your opinion!

Will Bottas challenge Hamilton for the world championship in 2020?

Driver profile

  • Team -
  • Points -
  • Podiums -
  • Grand Prix -
  • Country FR
  • Date of b. Apr 17 1986 (36)
  • Place of b. Geneve, FR
  • Weight 71 kg
  • Length 1.8 m
Show full profile

Team profile

  • comments 63,079 comments on Haas
  • star 14 members have this team as their favourite
  • vote Tweets about Haas
Show full profile

Formula 1 Calendar - 2022

Grand Prix
18 - Mar 20
25 - Mar 27
Saudi Arabia
8 - Apr 10
22 - Apr 24
6 - May 8
United States of America
See full schedule

Formula 1 Calendar - 2022

Grand Prix & Circuit
18 - Mar 20
25 - Mar 27
Saudi Arabia Jeddah Street Circuit
8 - Apr 10
Australia Albert Park
22 - Apr 24
6 - May 8
United States of America Miami International Autodrome
See full schedule
show sidebar