Red Bull opposed to spending caps

By Jim Vertuno, AP, 17 November 2012
© AP Photo/Eric Gay

Red Bull Racing team principal Christian Horner remains opposed to the idea of a spending cap in Formula 1 to help control spiralling costs.

Cost control is an important issue, but "doing it through a budget cap is absolutely the wrong way to do it,'' said Horner, whose team currently leads the chase for the constructor's championship. Red Bull's Sebastian Vettel leads the driver standings with two races to go and could win his third consecutive championship Sunday

"Every team is different, every structure is different, every operations works differently," Horner said.

In 2011, Formula 1 teams mutually agreed to a Resources Restriction Agreement, but there was a split amid unresolved questions about whether Red Bull adhered to those agreed restrictions.

"Part of the challenge of Formula 1 is designing and building the most competitive car and then having the best drivers and working as a team. It's actually the biggest team sport in the world. You've got 500-600 people, certainly on the top teams, designing and building two cars that are always evolving and changing," Horner said.

"The cost controls that came in by limiting the engines, limiting the testing, allowed an independent team owned by an energy drink company to take on Ferrari, McLaren, Mercedes Benz, which I think is healthy for independent teams," Horner said.

 

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