Marko fears Perez's crash can have huge consequences on development battle with Ferrari and McLaren

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Red Bull motorsport advisor Dr Helmut Marko acknowledged that the team might feel the effects of the crash that Sergio Perez endured on the opening lap of last Sunday's Monaco Grand Prix.

Sergio Perez endured a very difficult race weekend in Monaco. The Mexican was unable to get out of Q1, and had to settle for P18 on the grid on a track where overtaking is almost impossible.

The five-time F1 race winner then had an average launch off the line, and tangled with Haas racer Kevin Magnussen on the run up the hill to Beau Rivage on the opening lap of the race. The touch sent Perez into a spin with the Mexican also touching the Haas of Nico Hulkenberg who also crashed into the walls as a result.

While the Monaco Grand Prix was always going to become a tough race for Perez following his low-key performance in qualifying, the severity of the accident might impact Red Bull's budget cap.

Dr Helmut Marko said that Red Bull will face a bill of up to €3 million which depends on how many power unit components got damaged during the accident.

Speaking to Motorsport-Magazin, Marko said: "This clearly affects us, because there are considerations about what to do with the car."

“This is costing us about two to three million and with the budget cap, that is of course a big handicap. If we have to do something extra due to the greater competitiveness of Ferrari and McLaren, we are naturally handicapped.

“If there is another crash, not everything will be available for both cars. It was another crash that Magnussen was involved in. You should watch the replays carefully. Thank god it ended well, but it was a critical situation," Marko concluded.

Perez was fortunate to escape unscathed from an impact, but he was mainly delighted that no one was hurt in the incident by the debris that flew off the three cars that were involved in the accident.

"The most important thing today is that we can all go home. It was a very serious and completely unnecessary accident from my point of view.

"I also hope that every photograph that was in the area is ok. It's a weekend to learn from and turn around as a team. Preparation for Canada begins now," added the Mexican.