The Red Bull F1 team have warned that the team may leave the sport unless the sports’ regulations are overhauled.

According to Dr Helmut Marko, who acts as an advisor to the Red Bull Racing Team owner Dietrich Mateschitz, the team warned that they may quite the sport because Mateschitz will loose the “passion for F1.”

This comes in the wake of the Australian Grand Prix where the Red Bull of Daniel Ricciardo finished a lap down from race winner Lewis Hamilton.

Speaking to Austrian media after the race on Sunday, Marko was quoted saying that they will evaluate the situation the team is in during the summer break and decide whether to continiue in F1. “If we are totally dissatisfied we could contemplate an F1 exit. The danger is there that Mr Mateschitz loses his passion for F1,” he added.

Marko insists he would still be voicing his concern at the new regulations even if Red Bull were doing as well as Mercedes. “These power units are the wrong solution for F1, and we would say this even if Renault were in the lead”.

Red Bull Team Principal slated Renault after the race saying that they are in “a bit of a mess.” He went as far as saying that the FIA should reign Mercedes in by means of an equalisation mechanism.

“The problem is the gap is so big. You end up with three-tier racing and I think that’s not healthy for Formula 1,” Horner said.

“It’s important after this weekend that we re-group with Renault and try and offer our support where we can, because they’re obviously in a bit of a mess at the moment,”

“It’s frustrating that we’re effectively even further back than we were in Abu Dhabi in both power and driveability.”

The Briton went on to explain that even when Red Bull had a clear advantage at the turn of the decade, they were not winning by such a large margin. He goes on to say that most of what gave Red Bull an advantage was banned by the FIA.

“Double diffusers were banned, exhausts were moved, flexible bodywork was prohibited, engine mapping mid-season was changed; anything was done. That wasn’t just unique to Red Bull.”

Formula 1 supremo Bernie Ecclestone agrees with Horner. Speaking to Reuters he had this to say: “They are absolutely 100 per cent right,” he said. “There is a rule that I think [former president] Max [Mosley] put in when he was there that in the event…that a particular team or engine supplier did something magic – which Mercedes have done – the FIA can level up things.

“They [Mercedes] have done a first class job which everybody acknowledges. We need to change things a little bit now and try and level things up a little bit.”

Red Bull have an agreement with Ecclestone that they will remain in the sport until 2020 but that never stopped Toyota when they left the sport in 2009.