--- description: Last week Kevin Magnussen and Romain Grosjean learned their services are no longer required by the Haas team. Grosjean told L’Equipe that team boss Guenther title: In the pitlane - Gene Haas to decide image: https://www.f1-fansite.com/wp-content/uploads/2020/09/1018222469-LAT-20200904-GP2008_090142_ONZ6310-923-scaled-900x600.jpg --- [Skip to main content](#content) ![Change language](https://www.f1-fansite.com/wp-content/themes/f1fansite/images/flags-svg/gb.svg?v=2) [![F1-Fansite.com](https://www.f1-fansite.com/wp-content/themes/f1fansite/images/logo-mob.png)](https://www.f1-fansite.com/) ![](https://www.f1-fansite.com/wp-content/uploads/2026/07/2026-spa-header.jpg) [![Try F1 on Apple TV for 7 days](https://www.f1-fansite.com/wp-content/uploads/2026/07/F1-Launch_Refresh2_Static_Affiliate_728x90_US-EN.jpg)](https://www.f1-fansite.com/f1-on-apple-tv/) [![F1-Fansite.com](https://www.f1-fansite.com/wp-content/themes/f1fansite/images/logo.png)](https://www.f1-fansite.com/) [Sign in](https://www.f1-fansite.com/login/) - [Home](https://www.f1-fansite.com/) - [F1 News](https://www.f1-fansite.com/f1-news/) - [F1 2026](https://www.f1-fansite.com/2026-formula-1-season/) - [F1 2027](https://www.f1-fansite.com/2027-formula-1-season/) - [All Time](https://www.f1-fansite.com/all-time-f1-archive/) - [F1 Stats](https://www.f1-fansite.com/f1-statistics/) - [Photos](https://www.f1-fansite.com/f1-wallpapers/) - [F1 Fans](https://www.f1-fansite.com/fans/) - [F1 Quiz](https://www.f1-fansite.com/f1-quizzes/) - [F1 Tickets](https://www.f1-fansite.com/f1-tickets/) - [F1 Merchandise](https://www.f1-fansite.com/f1-merchandise/) - Add to home screen [Sign in](https://www.f1-fansite.com/login/) [Next session![Autodromo Hermanos Rodriguez](https://www.f1-fansite.com/wp-content/themes/f1fansite/images/flags-svg/mx.svg?v=2) MX Mexico City Grand Prix · FP100d 00h 00m 00s](https://www.f1-fansite.com/f1-calendar/mexico-city-grand-prix/) [Next session![Autodromo Hermanos Rodriguez](https://www.f1-fansite.com/wp-content/themes/f1fansite/images/flags-svg/mx.svg?v=2) MX Mexico City Grand Prix · FP100d 00h 00m 00s](https://www.f1-fansite.com/f1-calendar/mexico-city-grand-prix/) # In the pitlane - Gene Haas to decide [  PREV ](https://www.f1-fansite.com/f1-column/in-the-pitlane-good-night-vietnam/) [| NEXT  ](https://www.f1-fansite.com/f1-column/5-awesome-not-things-about-formula-1s-epic-not-2020-season/) ![In the pitlane - Gene Haas to decide](https://www.f1-fansite.com/wp-content/uploads/2020/09/1018222469-LAT-20200904-GP2008_090142_ONZ6310-923-scaled-900x600.jpg) [Garry](https://www.f1-fansite.com/author/garry/) 27 Oct 2020 28 Oct 2020 4 min read
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Last week [Kevin Magnussen](https://www.f1-fansite.com/f1-drivers/kevin-magnussen-information-statistics/) and [Romain Grosjean](https://www.f1-fansite.com/f1-drivers/romain-grosjean/) learned their services are no longer required by the Haas team. Grosjean told L’Equipe that team boss Guenther Steiner informed him that financially Haas needs two pay drivers. With that news, the rumour mill went into full speed with [Sergio Perez](https://www.f1-fansite.com/f1-drivers/sergio-perez/), Mick Schumacher, and Nikita Mazepin all names in the frame. **The question is why are Haas desperate enough they may go with two rookies?** Haas finds themselves like most of the teams under financial pressure and to understand their predicament, we must examine their income. Haas spends in the region of $130m and in 2019 received $56m for their share of monies distributed to the teams by Liberty Media and sponsorship revenue estimated at $83m enabling the team to balance the books. The first major problem is next year the teams will get approximately half the usual amount of money from Liberty Media. because the revenues have fallen by that amount this year due to the pandemic. So, for Haas that is a potential $28m shortfall. The second issue is the sponsorship revenue, Haas only has eight sponsors contrast that to McLaren with forty-eight. Watchmaker Richard Mille and clothing brand Jack & Jones each pay an estimated $5m. It is believed the remaining sponsors pay a total of $10m leaving Haas Automation as the title sponsor paying upwards of $63m. [![Boss: Gene Haas won't quit amid nightmare F1 season](https://www.f1-fansite.com/wp-content/uploads/2019/07/GH-1-820-330x220.jpg)](https://www.f1-fansite.com/wp-content/uploads/2019/07/GH-1-820.jpg) Gene Haas This may be keeping Gene Haas awake at night as Haas Automation is vulnerable financially due to economies worldwide heading into or already in recession due to the pandemic. It is worth noting Haas sells its products in 100 countries. History shows us that Haas Automation suffers during recessions as customers cut back on capital expenditure. After the 2008 crash, Haas Automation cut its workforce by 30% with a loss of 400 jobs. To add to his worries Haas has recently invested $27.4m to purchase 279 acres of land in Nevada to build a new factory. Gene Haas has always played the long game, he delayed Haas entry into F1 by a year to allow the correct organisation structure and partners to be put in place. It was speculated that Haas turned down three offers for the team in 2019 with the bidders understood to be Mazepin, the Saudi sovereign wealth fund, and maybe [Williams](https://www.f1-fansite.com/f1-teams/williams/) new owner’s American private equity firm Dorilton Capital. Haas decided to play the long game in 2019 gambling on a new Concorde agreement with its fairer share of revenues, budget cap, new regulations, and the dilution fund all increasing the value of the team from 2020 onwards. The gamble would have paid off had into not been for Covid-19 and the threat the pandemic poses to the finances of F1 and the wider global economy. In relative F1 terms, Gene Haas is not a rich man compared to the likes of Dietrich Mateschitz and Lawrence Stroll, his net worth sitting at an estimated $300m **So, what are his options?** Sign two pay drivers and bank the money, attract a new title sponsor to reduce Haas Automation's financial contribution, or sell the team. Signing two pay drivers will be attractive as they will have the luxury of a transition year for Haas in 2021 due to a delay in the new regulations resulting in Haas having little to lose running at the back of the grid something the team already seem resigned to doing. Finding a new title sponsor will be achievable but it will no doubt be at reduced rates. One option is to fulfil a long-held goal to sign an American driver which would be massively appealing to potential American companies, something that would also have Liberty Media salivating. In the frame is Colton Herta the 20-year-old [IndyCar](https://www.indycar.com/) driver although gaining a superlicence may be a major obstacle. Selling the team would be easily achieved as we know there are buyers witnessed by Claire Williams confirming several credible parties were interested in purchasing Williams. [![Mazepin quiet about father's Williams talks](https://www.f1-fansite.com/wp-content/uploads/2018/05/jm1816my158-330x220.jpg)](https://www.f1-fansite.com/wp-content/uploads/2018/05/jm1816my158.jpg) Nikita Mazepin at Formula One In Season Testing, Day 2, Wednesday 16th May 2018. Barcelona, Spain. It is clear Belarus-born Russian Dmitry Mazepin who owns the chemical company Uralchem wants to purchase a F1 team having lost out previously at [Force India](https://www.f1-fansite.com/f1-teams/force-india/) and most likely at Williams. Mazepin’s wealth is hard to pin down with estimates varying widely between two extremes of $1.8 billion and $7.1 billion either way he has the money. Various media sources have claimed that Mazepin has already tabled an offer which “few teams would refuse”, however, [Haas](https://www.f1-fansite.com/f1-teams/haas-f1-team-information-statistics/) has denied the possibility of a sale. What may prevent Haas from selling is if he feels Mazepin is trying to take advantage of the current situation something that will not sit easily with Gene Haas. It is well documented Haas served 16 months of a 24-month prison sentence and paid a $75m fine after pleading guilty to conspiring to commit tax evasion in 2008. But it was not a simple case of greed, his motivation was to correct a perceived wrong. Haas refuse to pay licence fees to the machine tool competitor Hurco claiming he considered Hurco to have an invalid and out-of-date patent. A three-year dispute ended when Haas lost a subsequent court case and had to pay $8.9m as settlement on damages. Haas told John Phillips, the company's former chief financial officer and eventual whistleblower he was so angry that he vowed to recoup the millions of dollars he lost and blamed the government "Haas told Phillips that he was going to get back his $8.9 million ... with an additional $8.9 million ... as punishment by writing off his tax debt," federal investigation records state. So, we know Gene Haas is a man who will take whatever action he deems appropriate. In the interests of balance, it is fair to state Gene Haas has an admirable track record of philanthropy since 2001 through the Gene Haas Foundation. So, all will be revealed in due course, but the last word goes to a man who knew a thing or two about deals, [Bernie Ecclestone](https://www.f1-fansite.com/f1-drivers/bernie-ecclestone/) who once commented, “There’s a lot of teams that if somebody comes along with the right cheque, they would sell, not because they want to, but because commercially they probably think it would be the right thing to do.”   Share this article [Share on X](https://twitter.com/intent/tweet?text=In%20the%20pitlane%20-%20Gene%20Haas%20to%20decide&url=https%3A%2F%2Fwww.f1-fansite.com%2Ff1-column%2Fin-the-pitlane-gene-haas-to-decide%2F&via=wpvkp) [Share on Facebook](https://www.facebook.com/sharer/sharer.php?u=https%3A%2F%2Fwww.f1-fansite.com%2Ff1-column%2Fin-the-pitlane-gene-haas-to-decide%2F) [Share on WhatsApp](https://api.whatsapp.com/send?text=In%20the%20pitlane%20-%20Gene%20Haas%20to%20decide%20https%3A%2F%2Fwww.f1-fansite.com%2Ff1-column%2Fin-the-pitlane-gene-haas-to-decide%2F) [Share on Reddit](https://www.reddit.com/submit?url=https%3A%2F%2Fwww.f1-fansite.com%2Ff1-column%2Fin-the-pitlane-gene-haas-to-decide%2F&title=In%20the%20pitlane%20-%20Gene%20Haas%20to%20decide) [Share on Pinterest](https://pinterest.com/pin/create/button/?url=https%3A%2F%2Fwww.f1-fansite.com%2Ff1-column%2Fin-the-pitlane-gene-haas-to-decide%2F&media=https%3A%2F%2Fwww.f1-fansite.com%2Fwp-content%2Fuploads%2F2020%2F09%2F1018222469-LAT-20200904-GP2008_090142_ONZ6310-923-scaled-1200x675.jpg&description=In%20the%20pitlane%20-%20Gene%20Haas%20to%20decide) --- **Disclaimer:** *The opinions expressed are those of the author's and do not necessarily reflect the opinions or views of F1-Fansite.com, staff or partners.* --- ![Garry](https://www.f1-fansite.com/wp-content/uploads/2026/06/attachment_113048_daddfb37-8d42-41b4-9b4f-386e8f8be16f-293x220.jpg) About the author ## [Garry](https://www.f1-fansite.com/author/garry/) A passionate Formula 1 fan with a curious and often cynical mind. I have used my investigative talents and forensic analysis to explore the world of F1. "In the pit lane - F1 exposed" is my first book in the series which I hope will spark discussion and maybe positive changes within F1. Related topics - [F1 money](https://www.f1-fansite.com/tag/f1-money/) - [F1 Opinion](https://www.f1-fansite.com/tag/f1-opinion/) - [Gene Haas News](https://www.f1-fansite.com/tag/gene-haas-news/) - [Haas F1 News](https://www.f1-fansite.com/tag/haas-f1-news/) - [Kevin Magnussen News](https://www.f1-fansite.com/tag/kevin-magnussen-news/) - [Matthias Steiner](https://www.f1-fansite.com/tag/matthias-steiner/) - [Romain Grosjean News](https://www.f1-fansite.com/tag/romain-grosjean-news/) [![In the pitlane - Good night Vietnam](https://www.f1-fansite.com/wp-content/uploads/2019/04/AP-1Z3FGU9N91W11_hires_jpeg_24bit_rgb_news-293x220.jpg)Previous PostIn the pitlane - Good night Vietnam](https://www.f1-fansite.com/f1-column/in-the-pitlane-good-night-vietnam/) [![5 Awesome (not) things about Formula 1's Epic (not) 2020 Season](https://www.f1-fansite.com/wp-content/uploads/2020/09/2020-Tuscany-Grand-Prix-Thursday-4-scaled-330x203.jpg) Next Post 5 Awesome (not) things about Formula 1's Epic (not) 2020 Season](https://www.f1-fansite.com/f1-column/5-awesome-not-things-about-formula-1s-epic-not-2020-season/) Most recent 10 F1 Columns items: - **Saturday, 24 Oct 2026**19:46 -  [Pirelli's Friday Report from 2026 United States Grand Prix](https://www.f1-fansite.com/f1-column/pirellis-friday-report-from-2026-united-states-grand-prix/) - **Thursday, 22 Oct 2026**21:19 -  [Austin's 2026 Tyre Change Could Upset the Odds](https://www.f1-fansite.com/f1-column/austins-2026-tyre-change-could-upset-the-odds/) - **Monday, 19 Oct 2026**14:57 -  [How F1 Teams Use Dummy Pit Stops to Outsmart Rivals](https://www.f1-fansite.com/f1-column/how-f1-teams-use-dummy-pit-stops-to-outsmart-rivals/) - **Tuesday, 13 Oct 2026**11:39 -  [Can Kimi Antonelli Clinch the 2026 F1 Title in Austin?](https://www.f1-fansite.com/f1-column/can-kimi-antonelli-clinch-the-2026-f1-title-in-austin/) - **Wednesday, 30 Sep 2026**13:13 -  [Can Antonelli and Mercedes Stay on Top in 2026?](https://www.f1-fansite.com/f1-column/can-antonelli-and-mercedes-stay-on-top-in-2026/) - **Friday, 25 Sep 2026**16:56 -  [How Digital Technology Is Changing the F1 Fan Experience](https://www.f1-fansite.com/f1-column/how-digital-technology-is-changing-the-f1-fan-experience/) - **Monday, 21 Sep 2026**18:24 -  [Vettel and Barrichello drove Schumacher’s Ferrari F2002 at Monza](https://www.f1-fansite.com/f1-column/vettel-and-barrichello-drove-schumachers-ferrari-f2002-at-monza/) - 18:00 -  [Should You Ship Your Car to US F1 Races?](https://www.f1-fansite.com/f1-column/should-you-ship-your-car-to-us-f1-races/) - **Thursday, 17 Sep 2026**16:39 -  [Three Great F1 Comeback Wins From Deep on the Grid](https://www.f1-fansite.com/f1-column/three-great-f1-comeback-wins-from-deep-on-the-grid/) - **Tuesday, 15 Sep 2026**18:58 -  [Real-Time Thrills: Why Fans Chase the Rush of Risk](https://www.f1-fansite.com/f1-column/real-time-thrills-why-fans-chase-the-rush-of-risk/) ✅ **Check out all our [F1 News](https://www.f1-fansite.com/f1-news/) & Updates  »** ### Join our FREE weekly F1 Newsletter Enter your email address & confirm your subscription You've already signed up, Thanks! 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