Motorsport Week
  • Formula 1
    • 2025 Formula 1 Calendar
    • 2025 Formula 1 Standings
  • Formula E
    • 2025 Formula E Calendar
    • 2025 Formula E Standings
  • IndyCar
    • 2025 IndyCar Calendar
    • 2025 IndyCar Standings
  • WRC
    • 2025 WRC Standings
    • 2025 WRC Calendar
  • MotoGP
    • 2025 MotoGP Calendar
    • 2025 MotoGP Standings
    • Moto2
    • Moto3
  • WEC
    • 2025 WEC Calendar
  • IMSA
    • 2025 IMSA Calendar
  • World SBK
  • More
    • Formula 2
    • Formula 3
    • F1 Academy
    • Moto2
    • Moto3
    • World Superbikes
    • Technical Insight
    • Galleries
    • About/Contact
    • Privacy Policy
No Result
View All Result
  • Formula 1
    • 2025 Formula 1 Calendar
    • 2025 Formula 1 Standings
  • Formula E
    • 2025 Formula E Calendar
    • 2025 Formula E Standings
  • IndyCar
    • 2025 IndyCar Calendar
    • 2025 IndyCar Standings
  • WRC
    • 2025 WRC Standings
    • 2025 WRC Calendar
  • MotoGP
    • 2025 MotoGP Calendar
    • 2025 MotoGP Standings
    • Moto2
    • Moto3
  • WEC
    • 2025 WEC Calendar
  • IMSA
    • 2025 IMSA Calendar
  • World SBK
  • More
    • Formula 2
    • Formula 3
    • F1 Academy
    • Moto2
    • Moto3
    • World Superbikes
    • Technical Insight
    • Galleries
    • About/Contact
    • Privacy Policy
No Result
View All Result
Motorsport Week
Home Single Seater Formula 1

Haas will reach F1 cost cap with MoneyGram deal

by Fergal Walsh
3 years ago
A A
0
Haas will reach F1 cost cap with MoneyGram deal
Share on FacebookShare on Twitter

Haas will be able to reach the cost cap limit with the injection of cash from its new title sponsor MoneyGram.

The American team announced on Thursday ahead of its home event in Texas that MoneyGram would be its title sponsor for 2023 and beyond.

Haas joined the grid in 2016 and has operated on a much smaller budget compared to frontrunners such as Red Bull, Ferrari and Mercedes.

Formula 1 introduced a cost cap of $145 million last year in a bid to decrease the spending differentials between certain outfits.

RelatedPosts

George Russell is optimistic that he will be on the grid in 2026

George Russell optimistic he will be on F1 2026 grid even if Mercedes talks fall through

2 hours ago
Lewis Hamilton headed the times in FP1 at Silverstone

F1 2025 British Grand Prix – FP1 Results

2 hours ago

However, some teams, including Haas, were still unable to get close to the cap – however Haas team boss Guenther Steiner says that will change for it from 2023 onward.

“With the budget cap now in place, with this deal we can go to the budget cap and everybody’s on a similar platform,” he said.

“Obviously the big teams can spend outside of the budget cap more, but I always say that with the budget cap in the mid-to-long-term there shouldn’t be this problem anymore that you cannot fight for podiums.”

Steiner added that Haas is “realistic” over its goals for the next handful of years, but is hopeful that it will be able to fight for positions on the podium.

“That is what we want to do, and with this deal I think we make that step that in the next few years we can fight for podiums,” he said.

“I’m not promising it for next year because we just came back from two years which were very bad for us and we recovered pretty well and really continue to improve, but it will take time.

“We’re realistic, I do not want to send out messages now that we are going to win and whatnot, but this is the step to the next level for Haas F1, where we can really fight with other people at the same level.

“Now it’s down to us to do a good job and I’ve never been afraid to work hard or ask the team to work hard and to achieve certain things. That is what we will continue to do as long as I am here.”

Tags: F1HaasSteiner
Share199Tweet124Share

Related Posts

George Russell is optimistic that he will be on the grid in 2026
Formula 1

George Russell optimistic he will be on F1 2026 grid even if Mercedes talks fall through

2 hours ago
Lewis Hamilton tops British GP FP1 for Ferrari
Formula 1

Lewis Hamilton tops British GP FP1 for Ferrari

2 hours ago
Lewis Hamilton headed the times in FP1 at Silverstone
Formula 1

F1 2025 British Grand Prix – FP1 Results

2 hours ago
Load More

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Upcoming Races

#EventDate
11Austrian GP27-29 June
12British GP04-06 July
13Belgian GP25-27 July
14Hungarian GP01-03 August
15Dutch GP29-31 August

Click here for the full 2025 F1 calendar

Drivers’  Standings

#DriverPts
Oscar Piastri216
Lando Norris201
Max Verstappen155
George Russell146
Charles Leclerc120
Lewis Hamilton91
Andrea Kimi Antonelli63
Alexander Albon42
Isack Hadjar28
Esteban Ocon23

Click here for full Drivers’ Standings

Latest Articles

George Russell is optimistic that he will be on the grid in 2026
Formula 1

George Russell optimistic he will be on F1 2026 grid even if Mercedes talks fall through

July 4, 2025
Lewis Hamilton tops British GP FP1 for Ferrari
Formula 1

Lewis Hamilton tops British GP FP1 for Ferrari

July 4, 2025
Lewis Hamilton headed the times in FP1 at Silverstone
Formula 1

F1 2025 British Grand Prix – FP1 Results

July 4, 2025

Follow Motorsport Week

Join our daily motorsport newsletter

* indicates required

Motorsport Week

© 2024 Motorsport Media Services Ltd

Other Links

  • About & Contact
  • Privacy Policy
  • Motorsport Monday

Follow Us

No Result
View All Result
  • Login
  • Sign Up
  • Home
  • Formula 1
    • Latest News
    • 2025 F1 Calendar
    • 2025 F1 Championship Standings
  • Formula E
    • Latest News
    • 2025 FE Calendar
    • 2025 FE Championship Standings
  • MotoGP
    • Latest News
    • 2025 MotoGP Calendar
    • 2025 MotoGP Standings
    • Moto2
    • Moto3
    • World Superbikes
  • WRC
    • Latest News
    • 2025 WRC Calendar
    • 2025 WRC Standings
  • IndyCar
    • Latest News
    • 2025 IndyCar Calendar
    • 2025 IndyCar Standings
  • WEC
    • Latest News
    • 2025 WEC Calendar
  • Live Updates
  • Other
    • IMSA
    • Formula 2
    • Formula 3
    • F1 Academy
    • Moto2
    • Moto3
    • World Superbikes
  • Galleries
  • About/Contact
  • Privacy Policy

© 2024 Motorsport Media Services Ltd