News Details
Steiner fears disparity if budget cap rise is approved
Guenther Steiner fears any increase in the Formula 1 budget cap this year would benefit the top teams more than outfits like Haas. Rising inflation has led to significantly increased costs for the 10 constructors, putting them under pressure to adhere to the sport’s spending limit for the 2022 season of $140million. With that figure due to decrease by $5million for the second consecutive year in 2023, Ferrari team principal Mattia Binotto has said: “I think the only thing we can do, as F1, is increase the budget cap for inflation. I think there will be no way for us simply to stay below. I’m pretty sure at some stage we will go over.” But Steiner, the Haas team principal, suspects...
Full Story »
Full Story »
3y ago from PlanetF1.com
0
You May Also Be Interested In...
Verstappen's manager warns the FIA that a driver...
With inflation hitting every corner of the planet, discussions have begun...
3y ago from Formula1News.co.uk
Horner: All major teams will certainly breach budget...
Red Bull boss Christian Horner warned that some Formula 1 team might miss...
3y ago from GrandPrix247.com
Steiner: F1 teams must make budget cap work 'one way...
Haas team boss Guenther Steiner says all F1 teams must make this year's...
3y ago from F1i.com
‘We will go over': Binotto warns Ferrari and...
Ferrari team principal Mattia Binotto believes that it will be impossible...
3y ago from Formula1News.co.uk
Elsewhere On The Network
Popular On MGPToday.com
Jorge Martin to drop three places on Spanish GP grid...
No description available...
8h ago from Motorsport.com
Marc Marquez can only "survive" in Spanish...
No description available...
8h ago from Motorsport.com
Pedro Acosta explains Q1 relegation, hopes Jerez is...
No description available...
8h ago from Motorsport.com
Davide Brivio: 'It's time for Trackhouse to get an...
No description available...
9h ago from Motorsport.com
Popular On IndyCarToday.com
Tony Kanaan opens up on Lundgaard, Siegel contract...
No description available...
7h ago from Motorsport.com
Pato O'Ward issues damning verdict on ‘Mario...
Pato O'Ward isn't chasing F1 any more after falling out of love with...
3d ago from MotorsportWeek.c...
Winners and losers from the IndyCar Grand Prix of Long...
No description available...
3d ago from Motorsport.com
IndyCar Officiating confirms Scot Elkins as Managing...
No description available...
3d ago from Motorsport.com
Popular On TotalWRC.com
WRC Canary Islands: Sebastien Ogier leads as Toyota...
No description available...
3h ago from Motorsport.com
Sebastien Ogier goes all out on asphalt attack
Sebastien Ogier and Vincent Landais lead Rally Islas Canarias by 8.6...
6h ago from MotorsportWeek.c...
Dani Sordo reacts to interest from WRC’s newest...
No description available...
8h ago from Motorsport.com
WRC Canary Islands: Sebastien Ogier extends lead as...
No description available...
11h ago from Motorsport.com
Popular On GunnersToday.com
Arsenal and Man United look to beat La Liga giants in...
Atalanta midfielder Ederson has been linked with a move away from the...
5h ago from CaughtOffside.com
Arteta targets 60m speedster as Man United prepare bid...
Karim Adeyemi has been linked with a move away from Borussia Dortmund at...
6h ago from CaughtOffside.com
'We are all in. Let’s go for it' - Mikel Arteta...
Arsenal boss Mikel Arteta has urged his players to rise to the occasion...
7h ago from SportsKeeda.com
Mikel Arteta confirms 2 key Arsenal stars will return...
Arsenal manager Mikel Arteta has confirmed that Riccardo Calafiori and...
8h ago from SportsKeeda.com
Comments
Hottest News
US star turned down Red Bull F1 contract: 'This is why I...
Former IndyCar star and F1 hopeful Colton Herta... Read More »
3h ago from GPFans.com
Sky Sports F1 pundit stars in James Bond movie
A Sky Sports F1 pundit and presenter made the... Read More »
4h ago from GPFans.com
Red Bull copy Ferrari as major 2026 upgrade revealed
Red Bull F1 team debuted a drastically revamped... Read More »
5h ago from GPFans.com
