MX23RW : Thursday, November 28 15:32:54| >> :120:20933:20933:

Accountants playing major F1 role - Marko

Accountants playing major F1 role - Marko
© Reuters
Dr Helmut Marko says accountants have become bigger players at the top of the Formula 1 world as Red Bull defends its championship under the budget cap.

Dr Helmut Marko says accountants have become bigger players at the top of the Formula 1 world as Red Bull defends its championship under the budget cap.

Every team is now limited to spending a maximum of just $140 million covering most expenditure items, although this was recently tweaked to address soaring inflation.

But Marko says financial considerations are now a major focus at the top teams.

"The finance department has been expanded significantly," Red Bull's top Austrian official told motorsport-total.com.

"In the past, engineers only had to say how much they needed and if they were outside of the business plan you had to coordinate Red Bull in Salzburg.

"Now it's the case that the cooperation with the financiers determines the updates and also that of the scale of the updates."

Marko said critical updates can then still occur when the accountants figure out how money can be "saved somewhere else".

"It's a process where the FIA learns while we learn. I hope it doesn't degenerate into an accountants' championship."

For instance, teams with more complex structures like Red Bull are able to shuffle around staff between Formula 1-specific and non-F1 subsidiaries.

"We have cut people at Red Bull Racing but we still have Red Bull Technologies," said Marko.

"The people will then be moved and given other tasks. We have the hypercar, also the America's Cup. There are some projects where we are accommodating staff - something you don't want to lose."

ID:492811:1false2false3false:QQ:: from db desktop :LenBod:collect1796:

Click here for more stories about Helmut Marko

Click here for more stories about Red Bull

Collect / Create New Data
Share this article now:
Pierre Gasly arrives on July 31, 2022
Read Next:
Red Bull rules out Alpine switch for Gasly
>
Read more about Helmut Marko Formula 1
rhs 2.0


Sports Mole provides in-depth previews and predictions for every match from the biggest leagues and competitions in world football.
Argentina's Lionel Messi kisses the World Cup trophy after collecting the Golden Ball award on December 18, 2022Sign up for our FREE daily preview newsletter direct to your inbox!