Steiner: Haas sale rumours are just plain mischief

Haas boss Gunther Steiner says rumours about a potential sale of his outfit are being put out there to create a "storm in a teacup", as he insists there has been no change of ownership.

Steiner: Haas sale rumours are just plain mischief

With all Formula 1 teams facing financial difficulties because of the coronavirus pandemic, and owner Gene Haas admitting to weighing up whether or not to commit to the sport after this year, there has been frequent speculation about a potential change of ownership for the Banbury-based outfit.

But speaking to media during a video teleconference, Steiner made it clear that Haas retains full ownership of the team and, if there was going to be a change, he suggested it would be done in a public manner like Williams did.

"I don't know where it comes from," said Steiner, when asked about rumours about Haas selling a stake in the outfit.

"I think it's now the third time that Gene has sold the team, or partly sold the team. I think this is all speculation. I think somebody is putting some rumours out there.

"We were [said to have been] sold to Saudi Arabia a year ago: we were already sold and the deal was done. But nobody ever spoke with Saudi Arabia.

"I see this a little bit of trying to make a storm in a teacup for no good reason. Gene Haas is still the 100% owner of Haas. He never had a partner. He maybe doesn't want a partner. He maybe doesn't need a partner."

Read Also:

With Williams have openly appointed financial advisers to oversee a potential sale, and McLaren also understood to be looking to sell a stake, Steiner said that if there was ever a time Haas looked to sell, then it would be done in a transparent way.

"When the time is right that he [Haas] wants to do it, we will communicate it," he said. "And I say we: that is Haas F1, and not everybody else having an opinion on who owns Haas and who is acquiring Haas and who is buying shares in Haas.

"If somebody wants to buy a team out there, I think Williams did a very good job in how they managed it. They put it on the market, said we are interested in something, speak with these and these people. I think that is how it should be done, and not speculation with no foundation.

"I think there are a lot of people that wish to buy an F1 team, and tell people that they're going to buy one. But they haven't done it, at least not with Haas."

While Haas has not yet committed to F1 beyond the end of this year, Steiner believes that the arrival of a cost cap and other budget saving measures should be good for convincing the team owner to stay.

"The budget cap, I think it's a good thing for the sport in general, even if it is not completely equal with everybody," added Steiner.

"We will still be under the budget cap, but it's a very good step. Now the difference will not be 150 million to the big teams, but maybe 20 million, which is a very good step.

"To make it break even, there is a chance to do that for the future...and that is for sure the aim for us. That needs to be my aim, to make it break even for Mr Haas. And if I make that one happen, for sure he will sign the Concorde Agreement."

Steiner said that there was every indication Gene Haas was eager to remain in F1, despite admitting earlier this year that he was weighing up his options.

"At the moment his intention is to stay within the sport. But before it is signed, I cannot say this is what is going to happen. The team, just to remind everybody, is owned 100% by him and not anybody else, so he can make the decisions. We will go from there.

"I'm very positive about where we are now. We are getting through this difficult period with the coronavirus, pretty good in the moment, we are doing the right things. We live within our means and what we have got, and therefore I think Haas is here to stay."

shares
comments
F1 floor changes could lead to "front to back" rework of aero

Previous article

F1 floor changes could lead to "front to back" rework of aero

Next article

Ferrari to test 2018 F1 car at Mugello

Ferrari to test 2018 F1 car at Mugello
Load comments
How Monza only added more questions to F1's sprint race conundrum Prime

How Monza only added more questions to F1's sprint race conundrum

With two sprint races under its belt, Formula 1 must now consider its options for them going forward. While they've helped deliver exciting racing on Sundays, the sprints themselves have been somewhat lacking - creating yet another conundrum for F1 to solve...

Who should Alfa Romeo sign for 2022's F1 season? Prime

Who should Alfa Romeo sign for 2022's F1 season?

OPINION: With Valtteri Bottas already signed up for 2022, all eyes are on the race for the second seat at Alfa Romeo next year. Antonio Giovinazzi is the current incumbent, but faces a tough competition from appealing short and long-term prospects

Formula 1
Sep 15, 2021
The "forced break" that was key to Ricciardo's Monza excellence Prime

The "forced break" that was key to Ricciardo's Monza excellence

OPINION: Daniel Ricciardo has long been considered one of Formula 1's elite drivers. But his struggles at McLaren since switching from Renault for 2021 have been painful to watch at times. Yet he's recovered to banish those memories with a famous Monza win – built on a critically important foundation

Formula 1
Sep 14, 2021
Italian Grand Prix driver ratings Prime

Italian Grand Prix driver ratings

Two drivers produced faultless performances as, for the second year in a row, Monza threw up an unpredictable result that left many to rue what might have been

Formula 1
Sep 13, 2021
Why Ricciardo would have won without Verstappen/Hamilton crash Prime

Why Ricciardo would have won without Verstappen/Hamilton crash

The clash between Max Verstappen and Lewis Hamilton was the major flashpoint the 2021 Italian Grand Prix will be remembered for. Yet by this point, race leader Daniel Ricciardo had already done the hard work that would put him in position to end his and McLaren's lengthy win droughts, on a memorable afternoon in Monza

Formula 1
Sep 13, 2021
Why Italian GP success is on for McLaren even if Verstappen dominates Prime

Why Italian GP success is on for McLaren even if Verstappen dominates

For the second time in 2021, McLaren will line up for the start of a grand prix from the first row. It knows it has the chance of "glory" if things go well for Daniel Ricciardo and Lando Norris at the start of the 2021 Italian Grand Prix, but even if they just maintain their grid positions, signs from the rest of the Monza weekend suggest success is very possible for Formula 1's other orange army

Formula 1
Sep 12, 2021
How Formula 1 has made itself unattractive to new teams Prime

How Formula 1 has made itself unattractive to new teams

OPINION: The Formula 1 cost cap has been billed as a saviour to several teams and helped to guarantee their viability for investors. But there already exists another mechanism that effectively had the same purpose, and serves as a strong deterrent for those with the means to go it alone in setting up a new team

Formula 1
Sep 10, 2021
How Schumacher's first year marked him out as F1's king in-waiting Prime

How Schumacher's first year marked him out as F1's king in-waiting

After his sparkling F1 debut with Jordan at Spa, Michael Schumacher quickly leapt to Benetton for the 1991 Italian Grand Prix. This move paved the way for the German to win his first grand prix one year later and laid the foundations for his ascent to become a title contender by 1994.

Formula 1
Sep 10, 2021