Jun.8 Formula 1 wants to end a raging argument about the budget cap by this month's Canadian GP. On the one hand, big teams like Mercedes and Red Bull are pushing for an emergency increase to the $140m per-team cap, to stave off raging global inflation. Ferrari's Mattia Binotto has even admitted that $175 million would be a good new limit. 'We would have no problem with that,' he said. In the other corner are the smaller teams, represented by figures like Alfa Romeo's Frederic Vasseur who argues: 'My budget is the budget that I have, which is $10 million below the limit. 'If there is now inflation, I can't say ‘I want more'. I can only spend the money I have.' Ironically, however,...
Full Story »