Mick Schumacher’s $1m crash leaves Haas with F1 budget cap fears

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ormula A Haas team have been left with a huge bill reaching $1million (£760,000) after Mick Schumacher’s horror crash during qualifying for the Saudi Arabian Grand Prix.

Team boss Guenther Steiner has revealed the total sum of the repairs, although the total cost could be higher with Schumacher unable to race in Jeddah – dropping points which could potentially be decisive in the final standings of the Championship of builders.

“The chassis itself doesn’t look broken,” he told reporters. “The infrastructure side yes, but you can modify them.

“Obviously we have to do a proper chassis check, but it looks like it’s not too bad to be honest.

“The engine too, Ferrari told me, seems to be fine. The battery too. But then everything else is broken!

“I think the cost is quite high because all the suspension is gone – except the front left. I think there is still something on it. The rest is just carbon powder.

“I don’t know money but, between [the] gearbox, all bodywork gone, radiators gone – $500,000 to $1 million, I’d say.

F1 teams have $140m (£106m) to play under 2022 budget cap regulations, leading Ferrari and Mercedes to already express fears about the impact this will have on the 23-race season.

Red Bull boss Christian Horner predicted this weekend that the ‘very aggressive’ rules would leave ‘almost all teams’ on the cusp of the limit, with Haas now losing some of its rainy day fund .

“[We set aside] a nominal amount, but in a racing team you can never stick to your budget like in a normal business venture because you have that risk,” Steiner added.

“You obviously have a contingency there. But if you have two or three [more crashes happen] like that… quite quickly your contingency is no longer there. It’s a loss. So you just have to manage. Of course, I hope we don’t have many more.


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