Red Bull face a bill of up to €3 million for the damage caused in Sergio Perez’s Monaco Grand Prix crash, according to its motorsport consultant Helmut Marko.
Perez slammed into a barrier at Beau Rivage shortly after the start of Sunday’s race after tangling with Kevin Magnussen. His RB20 also hit the second Haas of Nico Hulkenberg as it spun out of control and made contact with a second barrier on the opposite side of the track.While Perez and the other drivers involved were all unharmed, his RB20 suffered by far the most damage.
“It cost us between two and three million euros [£1.7m-2.5m],” Marko told Red Bull-owned publication Speed Week. “This is of course a serious disadvantage due to the budget cap, because such damage affects the development budget.”
Teams are limited to a maximum budget of $140.4 million (£110.12) for the 2024 F1 season, excluding some items including driver and top staff salaries, marketing and more.
The damage done could lead to Perez incurring penalties later in the season as drivers may only use a limited number of power units and transmission sets. “We also do not yet know what the gearbox and engine will look like, and the crash could also result in additional penalties if we have to exceed the permitted quota,” said Marko.
The stewards did not investigate the incident, but Marko indicated he did not believe Perez had been at fault. “Perez was on the racing line, Magnussen is optimistic about it,” he said, “but we have to accept it, the risk of such accidents is there and we have to bear the costs.”
Red Bull team principal Christian Horner said Magnussen “should have given more space” to Perez. “Not only did he damage his car, he also took out our car, but thankfully Checo stepped away from it unhurt, which is the most important thing.”
Advert | Become a RaceFans supporter and
2024 Monaco Grand Prix
- Formula 1 will fix red flag rule loophole which ruined Monaco GP – Domenicali
- Magnussen ‘could have backed off but didn’t’ in Monaco crash, says team boss
- Ocon defends his driving after ‘hurtful abuse’ over Monaco GP crash with Gasly
- How the midfield’s hottest team mate rivalry boiled over
- “He’s really dangerous”: Unheard driver radio from F1’s slow show in Monaco
Derek Edwards
29th May 2024, 14:10
But they’ll easily make up the deficit when they win the constructors’…oh…
Jere (@jerejj)
29th May 2024, 17:13
Winning the constructors’ championship isn’t a clear-cut thing anymore.
Derek Edwards
29th May 2024, 17:28
Kind of my point…
PlosslF1
29th May 2024, 14:56
As Perez failed to heed what his mirrors were showing him in Monaco perhaps RB could save some money by not fitting any to the new car?
pcxmac (@pcxmac)
30th May 2024, 20:38
Perez isn’t responsible for avoiding someone creeping up in his blindspot in a no-win approach. KMag should have had a race ban for causing an avoidable accident. Funny how guys can completely wreck a team’s budget for a year and walk scot free, and other guys get penalized for the guy behind them not looking at the actual track. #jokers
Captain_Slow
31st May 2024, 14:50
Perez was well aware that Magnussen was there – he played the squeeze and lost out…
Plenty of footage showing him checking his mirrors, before driving further to the right than any other driver before him.
Please check the video, he is the only driver to put his full right side of tyres on the other side of the white line, before the pedestrian walk.
Nulla Pax (@nullapax)
29th May 2024, 15:13
If you’re only going to buy manufacturer components then it will always be more expensive to repair your car.
They should shop around for third party parts and check out local repair shops etc.
I mean – let’s face it – it’s not as though Sergio needs a competitive car is it.
Just bog it back together so that he can underperform again next race.
Bullfrog (@bullfrog)
29th May 2024, 15:54
That would be wise if the teams really are limited to a maximum of £110.12 for the season, as stated above…
Nulla Pax (@nullapax)
29th May 2024, 15:57
LOL – I hadn’t spotted that …. nice one Keith ;)
Ben-Hur
29th May 2024, 17:16
Not too bad you can buy a few beers with that
Bullfrog (@bullfrog)
30th May 2024, 16:40
The teams need to be refreshed.
MurasamaRA300 (@murasamara300)
30th May 2024, 12:19
Awesome, please don’t correct it. :)
For £110.12 they could reverse the direction and hold the Red Bull Soapbox derby back down the hill again towards St Devote.
Just put four bicycle wheels on what’s left of the Perez car and push it downhill again.
It might still be a winner.
Jere (@jerejj)
29th May 2024, 17:06
& Magnussen should be solely accountable to Red Bull Racing for the damage costs he caused them.
Btw, 135M is the base limit for the second year now, i.e., the one excluding certain items.
SteveP
29th May 2024, 21:25
That would be zero then.
Perez produced an interlock of his rear right and Magnussens front left so easing of was going to produce a hook back into that right rear and thus a crash, avoiding Perez by moving right was a touch on the wall and a crash, moving left would be contact with the side of Perez and a crash.
Only one driver had the key to unlocking that, and it wasn’t Magnussen.
Yes, it was somewhat foolish for Magnussen to have tried the move while Perez already right of centre, but if Perez had followed the painted line instead of moving right the crash would not have happened on that stretch, or possibly not at all.
SteveP
29th May 2024, 21:18
Yes Christian, in your reality Haas made a car that can turn right through barriers.
What a terminally dumb statement, even for Horner.
EffWunFan (@cairnsfella)
29th May 2024, 22:20
Obviously he knows the costs better than I do, but I still think he is pulling figures out of the air.
Ben
30th May 2024, 0:26
Plus 2.3 Million is only minor anyway… apparently…
Jonathan Parkin
30th May 2024, 20:08
I do find it incredible in this cost cap era, a chassis cost that much. In 2001 it was £500,000
AlanD
29th May 2024, 23:35
Does anyone know how they come up with a figure like this. It obviously isn’t going to be two million dollars worth of raw materials. Isn’t the bulk of the “cost” of manufacturing a component going to be manpower and time on the rigs? Surely those carbon fibre fabrication experts are on the payroll whether or not they have wings to make, the machinery they have invested in is being written off year on year, so where does the cost come from? Anyone have any insights?
Dave The Drummer (@davethedrummer)
30th May 2024, 10:14
Things like this are usually costed on a what sued to be called a ‘true cost basis’.
That number is not the materials just the time of the people to make the items. It includes all of the business support to the functions that enable production of the part. The materials and techs actually making the parts are only a part of the total cost. Think of it like this. If you as an outside organisation wanted an organisation to make you a new front wing (assuming IP is all good), then they are gong to give you a price that includes the cost of answering your call or email to make the query. It’s QA, engineering, materials, security, logistics, ILS, programme management, shop floor labour, supply chain, subcontractor costs, marketing, etc… etc… plus the G&A costs, risk, and profit or margin. All these things go to support and provide a structure within which it is possible to have a person manufacturing parts out of a material. Oh and the price to a customer can double at the latter stages of business costs and margin as you go through the pricing process.
It adds up real fast. To make one item with a carbon person and some materials can actually be fairly cheap. But the cost of supplying that one item to a customer is a great deal more than just materials and the time of that person.
Keith Campbell (@keithedin)
30th May 2024, 11:01
It should be the cost to the business of rebuilding the car. That would include materials, labour, components purchased from 3rd party’s, logistics etc. You’re right that Redbull’s employees would be getting paid either way, but if they didn’t have to rebuild the car, they would be doing something else – working on new development parts, maybe parts that they sell on to other businesses etc, so the opportunity cost of missing out on that labour is still a business cost. No idea if Horner’s figures are accurate though – it might just be a kind of ‘rule of thumb’ number for the total cost of rebuilding an entire car. When they get the wreck back to the factory they might find they can salvage some components and make some savings.
Ben
30th May 2024, 0:23
Oh no, they’ll have to pull it from the catering budget again. Bunch of frauds.
DB-C90 (@dbradock)
30th May 2024, 1:46
I’m quite sure all teams would have factored in at least one major repair for each car for a season, so I’d be surprised if Perez’s crash has had any impact on their development plans.