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Leading F1 teams lobby for cost cap increase

Christian Horner and Mattia Binotto A number of Formula 1’s leading teams are pushing for an increase on this year’s cost cap, citing inflation among other factors placing their finances under pressure. Teams this year must operate to a cap of $140 million, a $5 million drop from last year, and a figure set to decrease further to $135 million for 2023. There are exceptions to that total, such as salaries for key personnel, marketing, and other non-performance related items. Ostensibly though it defines the maximum figure a team can spend to go racing each season and is some way south of what the likes of Ferrari, Red Bull, and Mercedes had been pouring into their programmes. They are...
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2mo ago from SpeedCafe.com 0
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