Ferrari team boss Mattia Binotto is adamant there is "no way" the Italian outfit's expenditures this season can remain below F1's mandatory $140 million budget cap. Binotto's assertion follows similar comments expressed by red Bull team boss Christian Horner and McLaren team principal Andreas Seidl. Rampant inflation, higher energy and freight costs and global supply chain issues have put a significant financial burden on all teams this season. But while F1's smaller outfits are operating under the sport's $140m threshold, the bigger teams are already nearing the cost cap and forecasting breaching the latter. A five percent or less overrun would constitute "a minor breach of...
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