F1
Red Bull Exodus: Marko Shocked as Rivals Lure Key Staff with Lucrative Offers Amid Budget Constraints
Helmut Marko expressed his astonishment at competing F1 teams proposing to significantly increase the salaries of Red Bull employees. He mentioned, "We constantly face challenges with the budget cap, as there are financial constraints in place."
Helmut Marko has acknowledged that he is 'surprised' by the remarkable offers that competing F1 teams have been presenting in their attempts to lure away Red Bull's leading staff members.
Two important members of Red Bull's team will be joining competing teams in 2024.
Starting next year, Adrian Newey will lead the technical team at Aston Martin, and Jonathan Wheatley is set to take on the role of team principal for the Audi F1 team in 2025.
Newey's exit appeared to align with Red Bull's decline in performance, as McLaren has now taken the lead in the F1 constructors' championship with six races remaining.
In an interview with ORF, Marko disclosed that various teams have proposed to "double" the salaries of certain Red Bull staff members in hopes of recruiting them.
Marko noted that when a team achieves victory consistently for three consecutive years and demonstrates such strong performance in 2023, it's natural for other teams to seek out their members.
"In Formula 1, that's simply part of the game. What catches me off guard are the large sums being proposed. We constantly face challenges with budget constraints, and there's always financial regulation to consider."
"However, these workers receive salaries that are at least twice as high as what we provide, and they occupy more senior roles compared to their positions with our organization."
"The implication is that we can't retain everyone indefinitely, even after 17 years with Adrian Newey. For Jonathan Wheatley, it's been approximately 19 years."
"They contributed to the team and its achievements, so it feels painful when they leave."
"It's all centered around money and excellent job prospects. If you can't provide those, then there's no distinction, as that's simply how things evolve naturally."
Marko acknowledged that the passing of Red Bull's founder, Dietrich Mateschitz, has led to a shift in the strategy of the top management.
Additionally, he believes that this influenced Newey's decision to depart.
He mentioned that the passing of Dietrich Mateschitz has naturally led to some changes.
He ruled with absolute authority, allowing for swift decision-making. He was a compelling business leader with a specific vision and a willingness to embrace risks. Currently, the structure of the organization is changing in such a way that it would be difficult to encounter someone like Mateschitz again.
"It means that a single individual cannot take his place. I believe this influenced Newey's decision to embark on a new journey."
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