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Only three teams reject F1 budget cap hike
Apr.11 Only three Formula 1 teams are now arguing against a move to raise the budget cap by $7 million. Red Bull's Christian Horner says teams' freight costs in particular are 'doubling' in 2022 as a result of factors like covid and the Ukraine-Russia war. 'We also see it in the cost of living. We see inflation throughout the world,' he said. 'We need to find a sensible allowance that takes into account these inflationary costs because the only compensatory place to offset that is parts and people. 'Formula 1 is acutely aware of that, the FIA are acutely aware. I think the teams by and large are looking to find a workable solution.' Initially, it was mainly the biggest teams like Red Bull...
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