Horner: I hope we don’t become an accounting world championship

Christian Horner

Red Bull team principal Christian Horner has said that he hopes the new cost cap does not make Formula 1 an “accounting world championship”.

The World Motorsport Council ratified the cost cap last week, which will limit teams to spending $145m per season, with exceptions.

The plans were unanimously agreed upon by the teams, but reports indicate that there still needs to be some details hammered out in order to avoid controversy.

Speaking in an interview with motorsport.com, Horner said that Red Bull had taken a pragmatic view with the benefit of the sport in mind, but warned that clarification would be needed.

“I think that there’s been a lot of work, a lot of ground given particularly by the big three teams, and we’ve supported the process,” he said.

“We’ve taken a pragmatic view for the benefit of of the sport. That has been painful in some areas. But I think overall F1 will be stronger for this set of regulations, even though there’s still some details that need to be finalised.”

While the base figure stated in the regulations for the 2021 cost cap is $145m, this includes a number of key exceptions including the salaries of drivers and key personnel, as well as marketing expenses.

As a result, Horner warned that the complexity could lead to difficulties in enforcing the laws fairly and properly.

“It’s detailed stuff like exchange rate fluctuations,” Horner added.

“They are a complicated set of regulations, and inevitably there’s going to be some things that have not been thought about in these early, early set of regs that are going to need clarifications.”

“Unfortunately I think that’s almost inevitable. And so, I just hope we don’t end up in accounting world championships, rather than the ones that are settled on circuit. We have to rely on the governing body. There are a set of rules that you sign up to, and that’s what we’ll be adhering to.

“But inevitably it is complicated and there are different structures, there are teams within organisations and automotive manufacturers. We’re going to need to rely very heavily on the FIA to ensure that it is fairly policed.”