News Details
Wolff ‘fought hard' in F1 budget cap meeting
Jul.9 Toto Wolff admits he 'fought hard' during Friday's meeting of the F1 Commission in Austria. Top of the agenda was the budget cap, with smaller teams arguing on one hand for no changes to the $140 million limit while top teams insist that raging inflation demands an increase. Ultimately, the FIA agreed that there is a 'risk of non-compliance if actions are not taken', and therefore the cap has been increased by 3.1 percent – about $4.5 million. 'It is not so easy to explain all the nuances, so I'll just say that the increase that was agreed today only partially compensates for inflation and does not include an increase for logistics,' said Mercedes boss Toto Wolff. Williams...
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