News Details
Steiner fears disparity if budget cap rise is approved
Guenther Steiner fears any increase in the Formula 1 budget cap this year would benefit the top teams more than outfits like Haas. Rising inflation has led to significantly increased costs for the 10 constructors, putting them under pressure to adhere to the sport’s spending limit for the 2022 season of $140million. With that figure due to decrease by $5million for the second consecutive year in 2023, Ferrari team principal Mattia Binotto has said: “I think the only thing we can do, as F1, is increase the budget cap for inflation. I think there will be no way for us simply to stay below. I’m pretty sure at some stage we will go over.” But Steiner, the Haas team principal, suspects...
Full Story »
Full Story »
3y ago from PlanetF1.com
0
You May Also Be Interested In...
Verstappen's manager warns the FIA that a driver...
With inflation hitting every corner of the planet, discussions have begun...
3y ago from Formula1News.co.uk
Horner: All major teams will certainly breach budget...
Red Bull boss Christian Horner warned that some Formula 1 team might miss...
3y ago from GrandPrix247.com
Steiner: F1 teams must make budget cap work 'one way...
Haas team boss Guenther Steiner says all F1 teams must make this year's...
3y ago from F1i.com
‘We will go over': Binotto warns Ferrari and...
Ferrari team principal Mattia Binotto believes that it will be impossible...
3y ago from Formula1News.co.uk
Elsewhere On The Network
Popular On MGPToday.com
Ducati: Marc Marquez has “determination of a rookie...
No description available...
1d ago from Motorsport.com
KTM’s 850cc engine for 2027 MotoGP season breaks...
No description available...
2d ago from Motorsport.com
Why Ducati faces its most complicated contract renewal...
No description available...
3d ago from Motorsport.com
Why Jack Miller and Alex Rins see more potential in...
No description available...
3d ago from Motorsport.com
Popular On IndyCarToday.com
IndyCar looking to add ‘more events, not just...
IndyCar has identified a need to make sure future races on the calendar...
1d ago from MotorsportWeek.c...
JHR retains Sting Ray Robb for second season
Juncos Hollinger Racing has confirmed that Sting Ray Robb will remain...
4d ago from MotorsportWeek.c...
Sting Ray Robb to continue with Juncos Racing for 2026...
No description available...
5d ago from Motorsport.com
Aggressive testing schedule planned ahead of Mick...
Following confirmation Mick Schumacher will make a switch to IndyCar next...
1w ago from MotorsportWeek.c...
Popular On TotalWRC.com
Hayden Paddon, Esapekka Lappi and Dani Sordo join...
No description available...
2d ago from Motorsport.com
Oliver Solberg steps up WRC 2026 preparations with...
No description available...
3d ago from Motorsport.com
Hyundai World Rally Team reverts to shared third car...
Hyundai Motorsport has announced its full line-up for the 2026 FIA World...
2d ago from MotorsportWeek.c...
Sports quiz of the week: Premier League goals, Ashes...
No description available...
2d ago from TheGuardian.com
Popular On GunnersToday.com
'They do look a little bit vulnerable' - David James...
Former Premier League goalkeeper David James believes Arsenal remain the...
5h ago from SportsKeeda.com
'A lot of people were saying he shouldn’t get back...
Arsenal legend Martin Keown has waxed lyrical about Martin Odegaard,...
7h ago from SportsKeeda.com
Neville: Arsenal must not 'panic' as City close gap in...
Arsenal "must not panic" after defeat at Aston Villa saw Man...
8h ago from SkySports.com
Aston Villa 2-1 Arsenal: Buendia makes it a bad day
Match report – Player ratings – Arteta reaction – Video...
8h ago from Arseblog.com
Comments
Hottest News
Lando Norris under investigation in Abu Dhabi GP title...
Lando Norris' F1 title bid could be in danger in... Read More »
3h ago from RacingNews365.com
FIA explain why Lando Norris avoided Abu Dhabi punishment
Lando Norris could have been awarded a costly... Read More »
1h ago from RacingNews365.com
Norris: I would have hated to embarrass my family and...
Lando Norris was relieved after winning the 2025... Read More »
44m ago from GrandPrix247.com
