News Details

F1 should respond to inflation crisis – Horner

Mar.14 A global inflation crisis that has been worsened by the Russia-Ukraine conflict is expected to have an impact on Formula 1. Red Bull boss Christian Horner thinks dramatically rising prices across the board will be 'a real problem' for the sport under the rule of the $140 million budget cap. 'We can already see the consequences on air freight prices,' he said. 'I think it's a very serious issue that needs to be looked at and addressed, because it has an impact on people's jobs and living conditions. 'I see it as the duty of the regulator to look into it urgently to ensure that a solution is put in place.' It is believed Horner is pushing for a simple increase to that top $145m cap....
Full Story »
Share

You May Also Be Interested In...

Horner: War inflation spike serious problem for F1...

Red Bull team principal Christian Horner sees nothing illegal in the...
3y ago from GrandPrix247.com

Horner calls for budget cap review

Concerned at rising energy costs, interest rates and inflation, Christian...
3y ago from Pitpass.com

Horner wants urgent discussion of F1 budget cap

Formula One needs an urgent discussion of its budget cap as teams are...
3y ago from espnF1.com

Horner seeking urgent discussion on F1 budget cap

Red Bull team boss Christian Horner says rampant inflation and higher...
3y ago from F1i.com

Elsewhere On The Network

Popular On MGPToday.com

Aprilia releases first statement regarding Jorge...

Aprilia has issued its first official statement on Jorge Martin amid...
14h ago from MotorsportWeek.c...

Popular On IndyCarToday.com

‘A shock and a pity:’ Penske drivers respond to...

The past five days have been adventurous for all the wrong reasons for...

Popular On TotalWRC.com

Popular On GunnersToday.com

Mikel Arteta delivers Jurrien Timber, William Saliba...

Arsenal manager Mikel Arteta provides an injury update on Jurrien Timber...
3h ago from SportsMole.co.uk

Kevin De Bruyne's most memorable Man City goals:...

Sports Mole takes a look at five memorable goals scored by Kevin De Bruyne...
3h ago from SportsMole.co.uk

Real Madrid fix price tag for sale of Rodrygo amid...

Mikel Arteta is looking to bolster his Arsenal squad ahead of the next...
8h ago from SportsKeeda.com

Nico Williams latest: Barcelona chief makes bold...

Barcelona sporting director Deco claims that Athletic Bilbao attacker Nico...
9h ago from SportsMole.co.uk

Comments

Hottest News

Recent News


2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.