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Horner warns of inflation's effect on cost cap
Article To news overview © RN365/Michael Potts Christian Horner has again warned that global rises in inflation will make it impossible for most F1 teams to stay within the sport's annual budget cap of $140 million this year. F1's budget cap was introduced last year in an effort to level the playing field and reduce the disparity in purchasing power between teams. Having started at $145m in 2021, the cap is currently $140m, and is set to reduce further to $135m in 2023. But with global energy costs soaring, Horner says as many as seven teams may break the cost cap unless the FIA step in and raise it. "What we’re talking about with the cost cap is inflation. In the UK, [the Bank of...
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2y ago from RacingNews365.com
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