Jul.5 (GMM) Dr Helmut Marko says he is “not worried” about the exit clause in Max Verstappen’s Red Bull contract.
Just prior to the Dutchman’s sensational win in Austria, 21-year-old Verstappen would not deny the rumours of an exit and his management confirmed the existence of the exit clause.
But the win in Austria, and Red Bull-Honda’s uptick in performance and results, appear to have calmed that story.
Germany’s Auto Bild speculates that by the time of the summer break in August, only if Verstappen is outside the top three drivers in the championship will the clause be valid.
Currently, he is third, just three points ahead of Sebastian Vettel.
“It’s performance-related,” Red Bull driver manager Marko said. “I’m not worried right now.”
Clearly, Red Bull would like to keep Verstappen on board, whilst acknowledging the need to give him a fully competitor car.
“When I said in 2015 that a new Ayrton Senna is coming, some experts criticised me about that. But now no one criticises,” said Marko.
“The victory on Sunday was an important step. Max knows what he has with us and Honda, and the Honda people showed what they are capable of doing.
“The first time they used a new, more aggressive engine software this season was a big step forward for us, and there will be another step on the engine in Monza,” he added.
“We are also improving on the chassis side in every race, so that now I can say confidently that when the others falter, we are there.”
F1 Changes Starting in 2021 - After many months of discussions and deliberations, Formula 1’s ten teams have now agreed to the terms of the “Concorde Agreement” that binds them to the world championship for another five years.
This agreement is a contract between Formula 1, the FIA governing body and the teams which wish to compete in the F1 World Championship from 2021 to 2025 and defines how F1’s television revenues and prize money will be distributed.
Formula 1 bosses have been keen to build a strong foundation on which to secure the long-term future for the championship. As such a revolutionary new budget cap will be introduced next year, along with new technical regulations and a new set of sporting rules coming in 2022.
The Covid-19 pandemic has created unprecedented challenges for everyone in 2020, and has served as another reminder that something needed to change. Once the championship restarted, so too could the commercial agreement talks.
By changing the way the prize money is distributed, it was inevitable that some teams would be happy – as they would receive a greater share – and others less so, as they would have a smaller slice.
But ultimately, as they have increasingly done in recent months, all the stakeholders found a way to come together and compromise on the document, which they agreed to in time for the early deadline of August 18th – which brought a small financial incentive.
With the 10 teams signed up for the next five years, and the regulations and cost cap defined, Formula 1 can finally embark on a new era. The new agreement also squashes any speculation that teams like Mercedes or Haas might not be around for the long term.
The hope now is that all F1 teams can develop themselves into robust operations financially while also closing the pack in terms of competitiveness that can in turn improve the racing spectacle.
Roll on 2021!