Haas Formula 1 boss Guenther Steiner says there was a "big chance" that the team would not survive, and doing so was the outfit's biggest achievement in 2020.
The end of the current Concorde Agreement gave team boss Gene Haas an opportunity to assess his involvement in the series beyond this year.
Given the hit to the incomes of all teams as a result of the COVID-19 pandemic, as well as Haas F1's poor form on track, there was clearly a chance that he would cut his losses and stop the programme.
Ultimately, he decided to sign the new Concorde deal, thus guaranteeing the team a future in the championship.
"We survived, that's what we have done right," said Steiner, when asked to assess the team's season.
"I think I'll leave it at that one. I think there was a big chance that we are not here anymore, and I think everybody pulled together, and we are here to stay.
"I think all-in-all, maybe we haven't been good at the track this year, but I think we have been good for the future of Haas F1, and also for F1.
"As much as we think they don't need us, I think F1 needs teams like Haas F1."
Steiner conceded that he's looking forward to the end of the season, which after a late start, has featured 17 races compressed into five-and-a-half months.
"I actually was on the plane yesterday from Frankfurt with some of the drivers," he noted.
"And they said we really enjoyed it. I said you guys are getting points, I would enjoy it as well, but we are having a tough season as a team, a tough season as F1 in general.
"I'm not unhappy that it's ending soon. Everybody's a little bit tired. For sure a triple-header at the end is not what the guys want, and getting so close to Christmas as well.
"We are still pretty lucky to have had a season at all. It's a blessing that it ends, but it's also a blessing that we had something to do this year."
Steiner admitted that the last three races, in which the teams will be under quarantine in Abu Dhabi with the whole paddock assigned to hotels close to the Yas Island venue, present tough logistical issues.
However, he also praised the Formula 1 organisation for running a nearly full calendar in the difficult circumstances, adding that the teams have also played their part to keep the season running.
"It was amazing that they pulled this one off," he said.
"After Australia it seemed this thing will be over pretty soon, and it wasn't, it kept running on, and every day was a new day of bad news.
"So I think to pull off 17 races it's great that FOM got it done, but it's the same to be said about the teams that got it done, all of the 10 teams.
"It's difficult to explain, but after Australia, we were not aware of what was coming. We were thinking this will be over pretty soon, and it wasn't. I think they did the right things.
"We had a very interesting season on a sporting level, everything was good, except we didn't have spectators there, and we don't have the income.
"We kept the sport going. I wouldn't say [it was] a good year, but it wasn't a bad year, it could have been a lot worse.
"I think it was a great job from all the people at FOM to get all these races in."