News Details

‘Clock ticking' on F1 budget cap crisis – Seidl

May 27 A Formula 1 row about the budget cap is likely to keep racing for some time. Red Bull team boss Christian Horner said runaway inflation and freight costs could mean that only a handful of teams have the money to race all the way through the 2022 calendar. 'Christian is known for talking a bit black and white like that,' McLaren boss Andreas Seidl told Sky Deutschland. 'But these skyrocketing costs, especially freight and power, is a huge challenge for us. 'Getting under the gap this year is actually impossible at the moment,' he said. Before the Ukraine conflict and other global challenges struck this year, the new F1 budget cap dropped from $145 million in 2021 to just $140m for...
Full Story »
Share

You May Also Be Interested In...

‘It's impossible': McLaren team principal sends...

Global rising costs are having a dramatic effect on Formula 1, with teams...
3y ago from Formula1News.co.uk

Horner warns several teams could be forced to miss F1...

Red Bull team principal Christina Horner has warned of the severe...
3y ago from Formula1News.co.uk

F1 row threatens existence of budget cap –...

May 24 Smaller teams are continuing to resist efforts to ramp up the...
3y ago from OneStopStrategy.com

‘No top team' within 2022 budget cap –...

May 26 The budget cap has become a big problem amid surging global...
3y ago from OneStopStrategy.com

Elsewhere On The Network

Popular On MGPToday.com

MotoGP legend shares how ‘different level’ Marc...

Five-time 500cc champion Mick Doohan believes the way Marc Marquez...
15h ago from MotorsportWeek.c...

Trackhouse boss reveals steps MotoGP must take to...

Trackhouse owner Justin Marks has revealed how he plans to promote his...

Popular On IndyCarToday.com

Experienced engineer Mike O’Gara joins IndyCar as...

IndyCar has announced that Mike O’Gara has joined the series as Vice...

Popular On TotalWRC.com

Thierry Neuville crashes out of Croatia lead in final...

A dramatic WRC Rally Croatia kept the biggest shock for the Wolf Power...

Popular On GunnersToday.com

David Ornstein drops big Khvicha Kvaratskhelia to...

Journalist David Ornstein has delivered a definitive blow to Arsenal’s...
5h ago from CaughtOffside.com

Tactics Column: Lessons for Arsenal against Man City's...

It may sound counterintuitive, but Mikel Arteta might, before what is...
10h ago from Arseblog.com

Paul Merson predicts Manchester City vs Arsenal,...

Manchester City are the favourites to win the Premier League if they beat...
13h ago from SportsKeeda.com

'We’ll be ready for it' - Arsenal star Declan Rice...

Arsenal star Declan Rice has sent a message to Manchester City ahead of...
13h ago from SportsKeeda.com

Comments

Hottest News

Recent News


2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.