New Ferrari team principal Frederic Vasseur is hopeful that the current regulations and the budget cap will result in a 'tighter championship fight', with the Frenchman believing that Formula 1 is 'going in the right direction' as it stands. The budget cap was introduced in 2021 to stop the likes of Red Bull, Mercedes and Ferrari from having the power to spend as much as they please, given that this caused a clear rift between the frontrunners and the rest of the field. By introducing the cap, the likes of Ferrari can only spend as much as the midfield and the backmarker teams, resulting in a closer field. Whilst some of the teams weren't able to spend the full legal amount in either...
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