Haas F1 owner Gene Haas is confident the introduction of a budget cap in 2021 would allow more teams to compete at the front, including his own.
A figure of around $150m has been touted as part of a financial overhaul of the sport aimed at addressing the large inequality between teams at the front and those struggling at the back.
It has been met with negativity, unsurprisingly, by Mercedes boss Toto Wolff but considered essential by Williams deputy Claire Williams, indicating it was crucial to the team’s future.
Speaking to the official Formula 1 website, Haas also lauded the concept.
“The budget cap is a game changer,” he said. “It will create a new raft of different winners and I guess there will be some losers on the other side.”
The American motorsport mogul also believes his team, only in its third season, is one of the best-placed to take advantage.
“If and when the cost cap comes, I think we’re in a good place,” Haas claimed.
“Our biggest advantage is we’re adaptable to change quickly because we’re new at it, we can adapt quickly. The bigger, more established teams have a harder time as they are like a big boat, they just don’t move quickly.
“Flexibility is our advantage.”
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Gene did admit though, that if his team did not reach the competitive level he wants, he would be willing to pull the plug.
“When we start losing, we don’t want to be here,” he stated. “If I can’t keep going forward, there’s no use being in F1 but I still think our model keeps us going forward.”
