News Details
Horner warns of inflation's effect on cost cap
Article To news overview © RN365/Michael Potts Christian Horner has again warned that global rises in inflation will make it impossible for most F1 teams to stay within the sport's annual budget cap of $140 million this year. F1's budget cap was introduced last year in an effort to level the playing field and reduce the disparity in purchasing power between teams. Having started at $145m in 2021, the cap is currently $140m, and is set to reduce further to $135m in 2023. But with global energy costs soaring, Horner says as many as seven teams may break the cost cap unless the FIA step in and raise it. "What we’re talking about with the cost cap is inflation. In the UK, [the Bank of...
Full Story »
Full Story »
3y ago from RacingNews365.com
0
You May Also Be Interested In...
Hamilton: Mercedes can’t raise F1 car any higher to...
Lewis Hamilton says that Mercedes is unable to raise its car any higher to...
3y ago from MotorsportWeek.com
McLaren confident FIA will block small team budget cap...
McLaren team principal Andreas Seidl is "very confident" the FIA...
3y ago from GPFans.com
McLaren expects to exceed F1 budget cap
Speaking in Baku, McLaren's Andreas Seidl had admitted that he expects...
3y ago from Pitpass.com
McLaren expect to exceed this year's budget cap
Despite McLaren's CEO Zak Brown applauding F1's budget cap, Andreas Seidl...
3y ago from PlanetF1.com
Elsewhere On The Network
Popular On MGPToday.com
MotoGP Jerez test: Aprilia 1-2-3 as new aero packages...
No description available...
1h ago from Motorsport.com
Ducati brings new swingarm and fairing to Jerez MotoGP...
No description available...
36m ago from Motorsport.com
Fermin Aldeguer set for further medical checks as...
No description available...
26m ago from Motorsport.com
Marco Bezzecchi leaves Jerez MotoGP ‘satisfied'...
Marco Bezzecchi felt he achieved the best possible result with second...
4h ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Arrow McLaren has "no fear" in running all...
No description available...
26m ago from Motorsport.com
Katherine Legge confirmed for Indy 500 with AJ Foyt
AJ Foyt Racing has announced that it will field a third entry in this...
4h ago from MotorsportWeek.c...
Katherine Legge will make Indy 500 return in HMD...
No description available...
5h ago from Motorsport.com
IndyCar to limit entries to those holding a charter
The NTT IndyCar Series has confirmed that future races will be limited to...
1d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Thierry Neuville: “Nobody knows” answer to...
No description available...
4h ago from Motorsport.com
Oliver Solberg explains crash that ended WRC Canary...
No description available...
22h ago from Motorsport.com
Oliver Solberg crashes out of Rally Islas Canarias
Oliver Solberg and Elliot Edmondson have crashed out of Rally Islas...
1d ago from MotorsportWeek.c...
Sebastien Ogier dominates Rally Islas Canarias
Sebastien Ogier and Vincent Landais headed a Toyota one-two-three-four in...
1d ago from MotorsportWeek.c...
Popular On GunnersToday.com
“It would heal a very deep wound” - Atletico star...
Atletico Madrid star Antoine Griezmann has opened up on his aspirations to...
2h ago from SportsKeeda.com
Arsenal could be entering into 'collaboration' with...
Arsenal could reportedly be set to enter into a collaboration of sorts...
3h ago from CaughtOffside.com
“These are the players you support” - Martin Keown...
Martin Keown believes Martin Zubimendi needs support from his Arsenal...
4h ago from SportsKeeda.com
Andrea Berta pictured with club president as Arsenal...
Arsenal sporting director Andrea Berta has been spotted attending a...
4h ago from CaughtOffside.com
Comments
Hottest News
Miami Grand Prix at risk of chaos after weather warning
F1 returns this weekend with the Miami Grand... Read More »
1h ago from GPFans.com
EXCLUSIVE: Sebastian Vettel's shock school visit as staff...
It's not every day you go to school and bosh, out... Read More »
56m ago from GPFans.com
McLaren make superstar signing as latest venture to break...
Now this is quite the coup! Read More »
1h ago from RacingNews365.com
