Red Bull's Horner says F1 owners would bail out struggling teams

accreditation
<B>TOO MUCH PACE:</B> Red Bull boss Christian Horner is concerned about Mercedes' power boost after an engine upgrade. <i>Image: AFP / Andrej Isakovic</i>
<B>TOO MUCH PACE:</B> Red Bull boss Christian Horner is concerned about Mercedes' power boost after an engine upgrade. <i>Image: AFP / Andrej Isakovic</i>
Andrej Isakovic

Red Bull team principal Christian Horner believes the prospect of losing a struggling team from the Formula 1 grid would be such an "enormous blow" that the sport's owners would have to launch a financial bailout.

The world championship has not yet got underway due to the coronavirus pandemic with nine races either cancelled or postponed.

Several teams at risk 

The French Grand Prix scheduled for June 28 is also in doubt as is the Belgian Grand Prix, set for August 30.

With TV and advertising revenue drying up, there are fears that the weakest among the 10 teams could go to the wall.

However, Horner believes that F1's owners, Liberty Media, would be forced to act.

"It could be an enormous blow and at that point the promoter has to decide," Horner told The Guardian on Saturday.

"It is their business, they have to decide how do they keep these teams alive because they need teams to go racing.

"The Liberty guys would do whatever they can to ensure that 10 teams are on the grid and competing next year.

"In order to protect their own business, I believe they would help to facilitate, which means paying, to ensure that those teams would be around to compete next year."

We live in a world where facts and fiction get blurred
In times of uncertainty you need journalism you can trust. For only R75 per month, you have access to a world of in-depth analyses, investigative journalism, top opinions and a range of features. Journalism strengthens democracy. Invest in the future today.
Subscribe to News24
Lockdown For
DAYS
HRS
MINS
Brought to you by
Voting Booth
Who do you feel was at fault for Verstappen and Hamilton's Italian GP crash?
Please select an option Oops! Something went wrong, please try again later.
Results
Verstappen
25% - 1233 votes
Hamilton
42% - 2077 votes
They were both at fault
33% - 1613 votes
Vote