News Details

‘Clock ticking' on F1 budget cap crisis – Seidl

May 27 A Formula 1 row about the budget cap is likely to keep racing for some time. Red Bull team boss Christian Horner said runaway inflation and freight costs could mean that only a handful of teams have the money to race all the way through the 2022 calendar. 'Christian is known for talking a bit black and white like that,' McLaren boss Andreas Seidl told Sky Deutschland. 'But these skyrocketing costs, especially freight and power, is a huge challenge for us. 'Getting under the gap this year is actually impossible at the moment,' he said. Before the Ukraine conflict and other global challenges struck this year, the new F1 budget cap dropped from $145 million in 2021 to just $140m for...
Full Story »
Share

You May Also Be Interested In...

‘It's impossible': McLaren team principal sends...

Global rising costs are having a dramatic effect on Formula 1, with teams...
3y ago from Formula1News.co.uk

Horner warns several teams could be forced to miss F1...

Red Bull team principal Christina Horner has warned of the severe...
3y ago from Formula1News.co.uk

F1 row threatens existence of budget cap –...

May 24 Smaller teams are continuing to resist efforts to ramp up the...
3y ago from OneStopStrategy.com

‘No top team' within 2022 budget cap –...

May 26 The budget cap has become a big problem amid surging global...
3y ago from OneStopStrategy.com

Elsewhere On The Network

Popular On MGPToday.com

Gresini Racing exploring potential Honda MotoGP...

Gresini Racing are exploring a potential reunion with Honda as a...

How Marco Bezzecchi dominated the Brazilian MotoGP to...

New MotoGP championship leader Marco Bezzecchi overcame a "really...

Popular On IndyCarToday.com

Takuma Sato makes Indy 500 return with RLL

Rahal Letterman Lanigan Racing has announced that Takuma Sato will drive...

Helio Castroneves confirms return for 26th...

Helio Castroneves has confirmed that he will take part in the upcoming...

Popular On TotalWRC.com

Popular On GunnersToday.com

“A final defeat doesn’t define us” - Arsenal...

Arsenal star Declan Rice took to Instagram to share a message for fans...
41m ago from SportsKeeda.com

“I’m shocked” - Tim Sherwood reacts as Tuchel...

Former Tottenham manager Tim Sherwood has admitted he is stunned that...
1h ago from SportsKeeda.com

“Arteta did not make a mistake by starting Kepa” -...

Former Arsenal and Manchester City defender Bacary Sagna has shared his...
2h ago from SportsKeeda.com

Comments

Hottest News

BMW make decision on F1 return

BMW have announced their verdict on a potential... Read More »
4h ago from GPFans.com

Tough love from Coulthard: Aston drivers should endure the...

The noise around Aston Martin’s early-season... Read More »
51m ago from F1i.com

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.