Otmar Szafnauer: Racing Point did not spend any money in the snappy corona crisis

(Motorsport-Total.com) – Usually the Formula 1 teams are concerned with finding the last tenths of the time. But currently everything is different. In the corona crisis, the focus is not on tenths but on money. It's about saving as much as possible. Because the racing teams without races currently have little or no income , the costs have to be reduced as much as possible.

“We had to completely shut down the business,” recalls Racing Point team boss Otmar Szafnauer to 'Formula1.com' and explains: “We are currently in usa shutdown, moreover is not being developed. We have not spent any money, nothing snappy, used to be intestine. We have it Shutdown extended, there is now moreover another two weeks and I expect it to be extended again . “

Formula 1 is currently in the early summer break. It is not allowed to work on the cars – and recently also on the engines. This helps the teams, because without work, expenses can be reduced to a minimum. “Virtually everything has been shut down,” explains Szafnauer. This is less intestine for the numerous employees.

Several teams, including Racing Point, have a large part of their workforce sent in short-time work . “The Trusty didn't influence that at all,” emphasizes Szafnauer, however, and explains: “I think people understand the short-time work. We explained it intestine.” It is very customary that you have certain “worries” if the future is unclear.

At Racing Point this is currently not an issue. “We received great feedback and the trusty is strong,” assures Szafnauer, for whom it is about Formula 1 drawing the right conclusions from the current Living. The virus has a “massive impact” on the entire series. Corona shows how fragile the financial structure of the premier class is.

“We have to learn [daraus] that these things can happen,” says Szafnauer and explains: “We should take precautions, maybe a more reasonable cost cap so we’re better positioned financially if something like this happens again. ” Discussions are currently ongoing about the 2021 planned budget ceiling of 175 million US buck again significantly lower .