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Steiner: F1 teams must make budget cap work 'one way or another'

Haas team boss Guenther Steiner says all F1 teams must make this year's budget cap work amid the big outfit's demand for an increase of the cost threshold. Rampant inflation, higher energy prices and freight costs are weighing on F1's teams and increasing expenditures beyond what many outfits had projected. The problem is especially impacting F1's bigger teams as they run closer to the sport's $140 million cost threshold than their midfield and smaller rivals. Red Bull, Ferrari, Mercedes and McLaren have openly stated that their expenditures are so tight that an overrun is almost inevitable unless an extra allowance is awarded by the FIA. Red Bull team boss Christian Horner stated that the...
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