Horner: Every team wants to save money
14 March 2014 – Red Bull Team Principal Christian Horner has insisted that every team is in favour of saving money as Formula 1 prepares for a cost cap in 2015.
Cost control has been a prominent feature in the sport across the past couple of seasons, with a proposed Resource Restriction Agreement failing to be agreed between all 11 teams.
A cost cap is set to be written into the Formula 1 regulations for the 2015 season but Horner insists that the focus should be more on saving money than on a definitive cost cap.
"Forget the word cost cap for the moment," he said at the Team Principals' press conference after practice for the Australian Grand Prix. "Let’s just focus on saving money. I think everybody around this group here wants to see all of the teams save money."
"The necessity to spend money in order to be competitive is what we want to reduce and I think however we achieve that as a group, it’s something we all want to see happen. How to make it happen is obviously something much more complex. Then there’s obviously discussions about caps and this and that. You’ve got to look at the root causes for why are costs the way they are and then in my opinion, address it that way."
McLaren Racing Director Eric Boullier echoed Horner's sentiments.
"Obviously competition or trying to be competitive is obviously the nature of any sport, especially Formula 1, so we just need to draw the line and make sure that technically we can’t spend too much to be competitive and try to have some targets which could be reasonable and suiting everybody," he said.
However, Horner joked that in financial terms the sport has not exactly helped itself for the 2014 season.
"We’ve done an incredible job of reducing the costs for this year with the introduction of a new power train that’s probably 25 percent more [than the V8 engines]," he said. "So we’re doing a great job so far!"