Guenther Steiner made an appearance on Joe Pompliano’s show, discussing various intriguing topics such as Formula 1 budgets and how teams generate revenue. Steiner, who recently departed from the team, shed light on how Formula 1 teams allocate their capital budget and operational funds, detailing how these resources are utilized within the sport.
My interview with former Haas F1 team principal (& Netflix star) Guenther Steiner is live.
We discuss:
• How Formula 1 teams make money
• The budget cap, new regulations, etc.
• Liberty's $4.5 billion MotoGP dealFun Fact: Guenther has never watched Drive to Survive.
Enjoy! pic.twitter.com/vvHRlwuRZG
— Joe Pompliano (@JoePompliano) May 2, 2024
During the conversation, the host posited that money isn’t the sole determinant of success in Formula 1, suggesting that “Aston Martin Would Be at the Front of the Grid” regardless. Steiner concurred with this sentiment, emphasizing the importance of identifying and harnessing talent within the team, as well as ensuring that the right people are in the right positions. This underscores the notion that while financial resources are undoubtedly significant, strategic decision-making and talent management play pivotal roles in a team’s performance on the grid.
Guenther Steiner Sues Haas F1
Former Haas F1 team principal Günther Steiner has taken legal action against the team, alleging unpaid commissions and unauthorized use of his image. The lawsuit, filed in a North Carolina court, sheds light on the behind-the-scenes drama following Steiner’s abrupt departure from the team1.
“After years of accepting the benefits of Mr. Steiner’s reputation, experience, and deep connections within the sport, Haas F1 cannot withhold from Mr. Steiner the benefits he has earned,” the lawsuit reads.
Guenther Steiner’s colorful personality and memorable outbursts, particularly captured in the Netflix docuseries “Drive to Survive,” have made him a recognizable figure in the F1 paddock. His popularity has translated into profitability, further strengthening his claim for unpaid commissions and image rights.
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