News Details
Horner wants urgent discussion of F1 budget cap
Formula One needs an urgent discussion of its budget cap as teams are squeezed by inflation, high energy costs and rising interest rates, Red Bull boss Christian Horner said on Friday. The sport's current cap is $140 million a year per team, with some items such as driver salaries not included, down from $145 million in 2021. It is due to drop to $135 million next season. Horner told reporters during pre-season testing in Bahrain that jobs could be at risk as tightly-controlled budgets were eroded. Most of the teams are based in Britain, where inflation is set to reach its highest level since the early 1980s and energy prices have surged. The biggest outfits, such as Red Bull, had to shed...
Full Story »
Full Story »
4y ago from espnF1.com
0
You May Also Be Interested In...
Horner seeking urgent discussion on F1 budget cap
Red Bull team boss Christian Horner says rampant inflation and higher...
4y ago from F1i.com
Horner calls for budget cap review
Concerned at rising energy costs, interest rates and inflation, Christian...
4y ago from Pitpass.com
Horner: War inflation spike serious problem for F1...
Red Bull team principal Christian Horner sees nothing illegal in the...
4y ago from GrandPrix247.com
‘They've ruined a few that I think had it':...
McLaren CEO Zak Brown has said that Red Bull can be rather cutthroat with...
4y ago from Formula1News.co.uk
Elsewhere On The Network
Popular On MGPToday.com
Everything we know about Goiania Circuit –...
No description available...
7h ago from Motorsport.com
Heavy rain and flooding hits Autodromo Ayrton Senna...
No description available...
15h ago from Motorsport.com
Marc Marquez: 'Speeds will be lower with 850cc bikes,...
No description available...
1d ago from Motorsport.com
The key challenges MotoGP teams will face in the 2027...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Takuma Sato set for Indy 500 return with Rahal...
No description available...
1d ago from Motorsport.com
Takuma Sato makes Indy 500 return with RLL
Rahal Letterman Lanigan Racing has announced that Takuma Sato will drive...
1d ago from MotorsportWeek.c...
Helio Castroneves confirms return for 26th...
Helio Castroneves has confirmed that he will take part in the upcoming...
1d ago from MotorsportWeek.c...
Helio Castroneves to attempt 2026 Indianapolis 500...
No description available...
1d ago from Motorsport.com
Popular On TotalWRC.com
WRC working to secure future of Safari Rally Kenya...
No description available...
12h ago from Motorsport.com
WRC Rally Scotland brings top tier rallying back to...
The 2027 WRC calendar should have an exciting new event on the calendar:...
2d ago from MotorsportWeek.c...
WRC Safari Rally Kenya: Elfyn Evans retires as drivers...
No description available...
4d ago from Motorsport.com
WRC to return to GB in 2027 as Scotland secures...
No description available...
2d ago from Motorsport.com
Popular On GunnersToday.com
Premier League officials appear to confirm Arsenal...
Premier League officials have admitted that Arsenal benefited from two key...
2h ago from SportsKeeda.com
Arsenal plot £69m move for 10-goal ace to replace...
Arsenal are interested in signing the AC Milan attacker Raphael Leao at...
4h ago from CaughtOffside.com
Arsenal, Chelsea, and Newcastle eye 70m move for...
Newcastle United, Arsenal, and Chelsea are all keeping tabs on Christian...
5h ago from CaughtOffside.com
Mikel Arteta targets 50m+ La Liga star to supercharge...
Mikel Arteta's Arsenal are keen on acquiring the services of Real Madrid...
5h ago from CaughtOffside.com
Comments
Hottest News
Aston Martin replacing Adrian Newey as team principal the...
Aston Martin's 2026 F1 season is descending into... Read More »
7h ago from GPFans.com
George Russell linked with $300m move away from Mercedes to...
An astonishing transfer claim has been made about... Read More »
16h ago from GPFans.com
F1 News Today: Max Verstappen told to leave F1 as series...
Max Verstappen's criticism of the new F1 cars has... Read More »
2h ago from GPFans.com
