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Red Bull urges caution over cost-cap

17:24, 31 May 2018

bySam Bytheway

Red Bull boss Christian Horner has urged the sport to consider the impact a cost cap would have on jobs in the motorsport industry in the U.K.

"I think they Formula One are gathering feedback at the moment and the more things that they look at the more questions it raises," he said.

"Of course there has to be an extremely responsible approach from the governing body and the commercial rights holder because, certainly within the UK, you are talking about potentially thousands of jobs.

"If a local car plant or Tesco's is shut it makes the headline news at the moment, so I think there is a social responsibility that needs to be taken into account when you are talking about restrictions and caps and so on. It doesn't sit well when drivers can earn, in some cases, up to $50 million a year, how many jobs is that worth?

"The whole thing needs to be looked at quite carefully. I think the FIA and Liberty are aware of that and yet I still stick to the belief that the biggest cost drivers in our business are the regulations, both sporting and technical. There is a responsibility that needs to be given serious consideration as to how these regulations are implemented."