News Details
Budget cap increase 'not enough', says Horner
Under the deal agreed by yesterday's meeting of the F1 Commission, the original budget cap of $140m this year is raised to $145.5m - more than it stood in 2021, the first year of the cap - but still Christian Horner isn't happy. At yesterday's meeting of the F1 Commission, following consultation with the Financial Advisory Committee, F1 and nine of the teams approved the FIA's proposal that recognised 'the unexpected increase of costs incurred by teams in 2022 thereby permitting indexation at a limited rate of 3.1% (which takes into account the original 3% inflation threshold already set out in the regulations) and permitting compounding of this rate as from 2023. This will preserve the...
Full Story »
Full Story »
3y ago from Pitpass.com
0
You May Also Be Interested In...
Formula 1 approves minor increase on budget cap
Formula 1 approved a small increase to its $140-Million per team annual...
3y ago from GrandPrix247.com
Wolff ‘fought hard' in F1 budget cap meeting
Jul.9 Toto Wolff admits he 'fought hard' during Friday's meeting of the...
3y ago from OneStopStrategy.com
F1 makes decision on calls for budget cap increase
A meeting of the F1 Commission has resulted in a decision being made...
3y ago from PlanetF1.com
Horner: F1 budget cap inflation increase still 'not...
Red Bull team boss Christian Horner says the inflation-based increase to...
3y ago from F1i.com
Elsewhere On The Network
Popular On MGPToday.com
Why Alex Rins can't wait for Yamaha's V4 engine
No description available...
7h ago from Motorsport.com
Brazil replaces Argentina as 2026 MotoGP calendar...
The 2026 MotoGP calendar has officially been released and the new season...
2d ago from MotorsportWeek.c...
Brazilian GP replaces Argentina in 2026 MotoGP calendar
No description available...
2d ago from Motorsport.com
Luca Marini gets new Honda MotoGP deal for 2026
No description available...
5d ago from Motorsport.com
Popular On IndyCarToday.com
Marcus Armstrong: ‘No magic potion’ that accounts...
Meyer Shank Racing is in the middle of its best IndyCar season since...
1h ago from MotorsportWeek.c...
Pato O’Ward fastest in opening practice in Laguna...
Laguna Seca was the setting for IndyCar’s first practice session on...
17h ago from MotorsportWeek.c...
Arrow McLaren set to move into new race facility in...
Arrow McLaren has officially taken ownership of what will be its new...
2d ago from MotorsportWeek.c...
Arrow McLaren expands IndyCar operations with new...
No description available...
2d ago from Motorsport.com
Popular On TotalWRC.com
Monaco GP circuit stage in frame for WRC comeback in...
No description available...
1d ago from Motorsport.com
How Oliver Solberg’s rapid WRC return shakes up...
No description available...
1w ago from Motorsport.com
Oliver Solberg stuns WRC field to lead Rally Estonia...
No description available...
1w ago from Motorsport.com
How WRC rivals reacted to Oliver Solberg's first...
No description available...
5d ago from Motorsport.com
Popular On GunnersToday.com
Arsenal latest: Gyokeres undergoes medical with...
No description available...
3h ago from SkySports.com
Flamengo closing in on deal to sign 27-year-old...
Brazilian giants Flamengo are closing in on a deal to sign Arsenal star...
4h ago from SportsKeeda.com
“There’s only one goalkeeper playing and we’ll...
David Raya has opened up on competition from compatriot Kepa Arrizabalaga...
3h ago from SportsKeeda.com
“We’re not here waiting and begging for players”...
Louis Saha believes that Arsenal-bound Viktor Gyokeres would have been...
3h ago from SportsKeeda.com
Comments
Hottest News
F1 2025 Belgian Grand Prix – Sprint Race Results
Red Bull Max Verstappen repelled the two McLaren... Read More »
5h ago from MotorsportWeek.com
F1 2025 Belgian Grand Prix – Qualifying Results
Lando Norris edged out McLaren team-mate Oscar... Read More »
42m ago from MotorsportWeek.com
F1 Qualifying Results: Lewis Hamilton suffers DOUBLE early...
Mercedes hotshot Kimi Antonelli took a knock on... Read More »
1h ago from GPFans.com
