Formula One team Haas have been left with a whopping bill reaching $1million (£760,000) after Mick Schumacher’s horror crash in Saudi Arabian Grand Prix qualifying.
Team boss Guenther Steiner revealed the sum total of the repairs, although the full cost could be higher with Schumacher unable to race in Jeddah - losing points which could potentially be decisive in the final Constructors’ Championship standings.
“The chassis itself doesn't seem to be broken,” he told reporters. “The side infrastructure yes, but you can change them.
“Obviously we need to do a proper check on the chassis but it looks like it is not too bad to be honest.
“The engine also, I was told by Ferrari, seems to be okay. The battery pack as well. But then all the rest is broken!
“I think the cost is pretty high because all the suspension is gone - except the front left. I think there is still something on there. The rest is just carbon powder.
“I don't know money-wise but, between [the] gearbox, the whole bodywork is gone, radiators are gone - $500,000 to $1 million I would say.”
F1 teams have $140m (£106m) to play with according to the 2022 budget cap regulations, leading to the likes of Ferrari and Mercedes already voicing their fears about how it will impact the 23-race season.
Mick Schumacher will miss the Saudi Arabian GP after a huge accident in qualifying.
— Formula 1 (@F1) March 26, 2022
That Mick is physically well after the crash is another reminder of the strength and safety of modern F1 cars for which we are incredibly thankful#SaudiArabianGP #F1 pic.twitter.com/qhLcw0elb7
Red Bull boss Christian Horner predicted on the weekend the “very aggressive” rules will leave “pretty much every team” on the cusp of the limit, with Haas now losing a chunk of their rainy-day fund.
“[We set aside] a nominal amount, but in a racing team, you never can stick to your budget like in a normal commercial business, because you have this risk,” Steiner added.
“You have got obviously a contingency there. But if you have two or three [more crashes happen] like this... pretty quick your contingency is not there anymore. It's a loss. So you just need to manage. Obviously, I hope we don't have a lot more of them.”
