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 »
1y 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...
1y ago from MotorsportWeek.com
McLaren confident FIA will block small team budget cap...
McLaren team principal Andreas Seidl is "very confident" the FIA...
1y ago from GPFans.com
McLaren expects to exceed F1 budget cap
Speaking in Baku, McLaren's Andreas Seidl had admitted that he expects...
1y 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...
1y ago from PlanetF1.com
Elsewhere On The Network
Popular On MGPToday.com
Quartararo: Marquez's Honda exit ‘woke a lot of...
Fabio Quartararo believes Marc Marquez's exit from Honda last term 'woke a...
17h ago from MotorsportWeek.c...
Could Acosta get a Verstappen-like mid-season...
No description available...
21h ago from Motorsport.com
Marquez: Rossi-like Acosta can't be ruled out of...
No description available...
2d ago from Motorsport.com
Quartararo stresses ‘quality over quantity’ with...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Power “didn't have any defense” against Dixon due...
No description available...
13h ago from Motorsport.com
Brake issues hinder Rosenqvist’s chances for victory...
No description available...
13h ago from Motorsport.com
Arrow McLaren confirms Pourchaire for Barber...
No description available...
21h ago from Motorsport.com
Pourchaire earns second IndyCar outing with Arrow...
Arrow McLaren announced Tuesday morning that Theo Pourchaire will driver...
21h ago from MotorsportWeek.c...
Popular On TotalWRC.com
FIA not at war with manufacturers over 2025 WRC...
No description available...
1d ago from Motorsport.com
ERC star Sesks secures WRC Rally1 graduation with...
No description available...
2d ago from Motorsport.com
Mārtiņš Sesks to drive M-Sport Ford Puma Rally1 in...
Latvia’s Mārtiņš Sesks will benefit from the support of WRC Promoter...
1d ago from MotorsportWeek.c...
Ogier's last-gasp Croatia Rally victory on surprising...
There had been no major incident on WRC Croatia for 17 stages. That...
2d ago from MotorsportWeek.c...
Popular On GunnersToday.com
Exclusive: Arsenal FC expert reveals the truth about...
Arsenal journalist Charles Watts has revealed the truth behind the ongoing...
40m ago from CaughtOffside.com
'That's a bad challenge!' | Should Jackson have seen...
Chelsea striker Nicolas Jackson avoided even being booked for this...
1h ago from SkySports.com
Ally McCoist highlights how Arsenal star did something...
No description available...
4h ago from SportsKeeda.com
‘Has been linked' – Romano on potential...
It's no secret that both Arsenal and Man United are in the market for a...
3h ago from CaughtOffside.com
Comments
Hottest News
Schumacher reveals what F1 pundits are NOT allowed to say...
F1 veteran Ralf Schumacher has offered a blunt... Read More »
2h ago from GPFans.com
Hopeful rookie on standby for two F1 teams
Apr.24 A hopeful rookie is hoping his big chance... Read More »
1h ago from OneStopStrategy.com
Audi gives Sainz more time to decide as Verstappen holds...
Audi wants to sign Carlos Sainz AND wants to... Read More »
40m ago from RacingNews365.com
