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Budget cap increased, technical directive on porpoising postponed
On Friday morning in Austria, the FIA and Formula One teams met to discuss issues including the budget cap. The meeting led to a number of agreements, including a small increase in the budget cap. Article continues under ad Rising inflation rates have affected Formula One teams, which, according to the FIA, creates a risk of non-compliance with the financial regulations if no action is taken. Acknowledging the unexpected increase in costs, the FIA allows a 3.1% increase in the budget cap. Nine out of ten teams have agreed with this. Technical Directives as from GP Belgium The so called Technical Directives due to porpoising and flexi-wings will only come into effect from the Belgian Grand...
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3y ago from GPBlog.com
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