Date published: January 14 2019
Expecting a budget cap in 2021, Cyril Abiteboul says Renault will not bolster their staff numbers only to retrench in two years.
Formula 1’s powers-that-be are pushing for a budget cap come 2021, the year that the new Concorde Agreement comes into effect.
This years many of the sport’s bigger teams such as Mercedes, Ferrari and Red Bull will be forced into making redundancies to reduce their spending.
And while for the next two years they can still use their enlarged work forces to make bigger gains against the likes of Renault, Abiteboul says his team won’t be employing more people only to let them go.
“We know we have a huge deficit in resources against the teams that ultimately we want to fight against,” he said.
“But we also know that things like the budget cap at some point will kick in.
“It makes no sense to stack up resources knowing that we will have to reduce and go down.
“In a certain respect it will be most unprofessional to do that, to hire people that we may have to lose in the future.
“We are exactly at the tipping point of where F1 expects manufacturer teams to be, so we need to accept to stand still.
“So I would say that our disadvantage will be the resources that we have in the next two years.
“But our advantage is that we will not have the distraction of having to think about the future.
“We can focus on going racing, and not having to think about a redundancy plan that will be a major distraction, let’s face it, for the management of teams that are much larger than us.
“There are pros and cons, I am not moaning, we have a plan and we will execute it.”