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‘We will go over': Binotto warns Ferrari and other teams will exceed budget cap

Ferrari team principal Mattia Binotto believes that it will be impossible for the teams to stick to the circa $140 million budget cap due to inflation. The spending cap was lowered by a further $5 million this season as part of the new technical regulations, and it was lowered again to reflect the fact that there will be no replacement for the Russian Grand Prix this season. The money is to be split between development, damage repair, freight and more, and Red Bull are said to have gone through $6 million of the $36 million they have set aside for development of their RB18. READ: Brown admits McLaren could terminate Ricciardo’s contract if he doesn’t get closer to Norris Binotto...
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