Haas chief Gunther Steiner is expecting a trickle-down of staff from the top Formula 1 teams in the near future as they make cuts to come in line with the budget cap for 2021. Teams will be restricted to a budget of $175 million per season from 2021 under the new financial regulations, albeit with certain exclusions such as driver salaries and wages for the top three executives. Mercedes, Ferrari and Red Bull are all known to be spending well above the planned budget cap, meaning widespread changes must be made in time for the 2021 season. It is something that Haas F1 boss Steiner believes could result in many of their employees trickling down the grid to midfield teams. “If they have to...
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