sport

Haas plans to stick to budget

Gene Haas is adamant his new team can cope with the spiralling costs of Formula One.

Haas Formula are due to take to the grid in 2016, ensuring the next 18 months are going to be arduous for the American.

Haas has already confirmed his intention to take advantage of a new regulation due to come into force next season that will allow teams to buy a greater list of parts from other more established marques such as Ferrari or McLaren.

According to Haas, the advantage will allow him to run a more streamlined organisation in terms of personnel numbers and therefore the costs will not be as exorbitant.

However, like any new team, Haas will not be eligible for prize money until year three at the earliest given the way the system works, seemingly adding to his start-up difficulties.

Yet despite that, Haas said: "Costs are a problem, but we're not dependent on prize money to run and we're not dependent on sponsorship to run.

"Our biggest task is trying to make a lean efficient machine to do this.

"With some of the other organisations, having unlimited money is even more of problem than having a restricted budget because then you spend it on everything.

"We're not going to have that. We're going to have a budget and we're going to live with it.

"Everything, in my experience, is that a smaller organisation is more agile and adept at adopting to things.

"I don't see how you manage 500 people to run a race team. That just seems like too many.

"I can see how it works, how you add departments, but then you have to have a huge management structure.

"So we're going to go with something where Guenther (Steiner, team principal) knows everything.

"He has to be able to talk to every person every day, so if you have 500 people you get nowhere."

Naturally sponsors play a key role in the financial running of any F1 team, with Haas confirming there have been a number of approaches.

"We'd love to have sponsors, don't get me wrong. We'll be looking for them," said Haas.

"There is interest and that's what we are going to work on now we have a definite date to start. That's something we will start now.

"I'm certain we'll have some kind of sponsorship on the car. I'd be surprised if we didn't.

"We're not going to take any sponsor either. It has to be something that works with us and makes sense.

"If we get a sponsor, that's fine, if we don't that's not going to stop us.

"If you're expecting 50 million dollars from a sponsor and it doesn't come through that would just stop you dead in your tracks."