Red Bull’s Dr Helmut Marko Claims Lewis Hamilton Is Too Expensive for F1
Follow Us
Red Bull F1’s advisor Dr. Helmut Marko has lent his full support in F1’s idea to introduce a cap over drivers’ salaries. This comes in light of the recent contract offered to Lewis Hamilton that sees the Briton earn $48.5 million in wages for the 2021 season.
Due to the effects of the COVID-19 pandemic, F1 has had to take some drastic measures to cut costs in order for teams to survive in what is already a tough business; the budget cap is one of those measures.
For the 2021 season, teams weren’t allowed to spend more than $145 million in the development of their car.
ADVERTISEMENT
Article continues below this ad
The measure was positively met, but not all aspects of a team’s cost fall under the budget cap. The salaries that teams pay to drivers are not included, and this was a bit discomforting for some teams.
Thus, in the latest meeting of the teams and the FIA, talks have begun to introduce a salary cap. This move is supported by Marko, with the Austrian using Lewis Hamilton‘s example to make his point.
He said (translated by Google), “Hamilton is simply too expensive for Formula 1.”
Hamilton currently earns more than double that of the second highest-paid driver, Max Verstappen.
The plan for the drivers’ wage cap is a combined $30 million. If this cap is introduced, it’ll be interesting to see how it’ll affect the sport.
Could more and more top drivers be tempted away from racing in F1? Would they rather race in other series where they can earn more?
While nobody can predict how the wage cap discussions would develop, Dr. Marko is certainly happy about the engine freeze coming into play for 2022.
Freezing engine development was the logical step according to Red Bull F1’s advisor
The Austrian said, “We are satisfied with this decision, it is a good day for Formula 1. It is a day of common sense that the engines are frozen because the costs are simply reduced.
ADVERTISEMENT
Article continues below this ad
“There is already a budget cap for the operating costs. The only thing that is still unlimited is the engine costs. So it is actually only logical that things should go in this direction. Moreover, because 2025 will most likely have a new engine Regulations will come.”
Trending
MET Gala 2024: Travis Kelce Left Awestruck as Lewis Hamilton Steals the Show With Black History- Inspired Look On the Red Carpet
May 07, 2024 10:04 AM EDT
After GF Alexandra Saint Mleux Gets Mistaken as Future Wife, Charles Leclerc Debuts His Son Leo at the Miami GP
May 07, 2024 08:19 PM EDT
“This Is a Joke Right?”: Rebecca Donaldson and Alexandra Saint Mleux’s Endorsement of F1 Academy Leaves Fans Fuming
May 04, 2024 08:09 PM EDT
F1 Fans Slam Insecure Fernando Alonso For Playing Race Card Against Lewis Hamilton in Miami
May 04, 2024 08:52 PM EDT
Lando Norris’ Rumored GF Magui Caught ”Keeping an Eye” Despite 3000 Miles Separating The Lovebirds
May 05, 2024 01:30 PM EDT
Get instantly notified of the hottest F1 stories via Google! Click on Follow Us and Tap the Blue Star.
Follow Us
The engine freeze guarantees Red Bull’s future in the sport beyond the current season. They plan to continue using Honda engines that they will develop themselves for 2022 and beyond. However, for the short term, the Milton Keynes based-outfit would be focusing on the season at hand.
ADVERTISEMENT
Article continues below this ad
Can they end Mercedes’ domination and lay claim to the F1 throne this year? We’ll find out soon.
Former F1 Driver Tips Red Bull to Cause Mercedes Some Headaches in 2021