On the Squawk on the Street program broadcast, Mercedes team principal Toto Wolff said he was willing to give up winning so his team could start winning again.
Toto Wolff: “I’m ready to give all my winnings to win again on the track. This may sound like madness to the average businessman, but we are wired differently. We don’t race for profit, we race for victory. It’s not the profit that matters, it’s the lap time.
The Cost Cap Act has changed a lot in our environment, now we can’t spend more than a certain amount, which has improved the financial stability of Formula 1. The team has become profitable.
The Mercedes team dominated for years, we won the Constructors’ Championship eight years in a row, but now Red Bull is doing better. It’s a meritocracy, the best engineers win, and as long as you play by the rules – technically, athletically and financially – you have to push yourself and beat them.”
Toto was told that ratings in the US were down as a result of Verstappen and Red Bull’s victories. In response, he stated that the fans want variety…
Toto Wolff: “People need unpredictability. Shows and sports are inextricably linked with us. But there are rules, and whoever wins by those rules deserves to win. Obviously, we all want to see different winners. But our job is to win, not to participate in the series.
I think next year we can fight on an equal footing with Red Bull. In recent years we have made a few missteps in the technical part, made some wrong technical decisions, but this is physics, not mysticism – and we will be back soon. In Spain we came second and third. Victory is only a matter of time, I have no doubt about that.”
Source: F1 News
I am Christopher Clyde, an experienced journalist and content writer with a passion for sports. I have been writing about Formula 1 news for the past five years and am currently employed as an author at athletistic.com, one of the top sports websites in the US.
