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F1 makes decision on calls for budget cap increase
A meeting of the F1 Commission has resulted in a decision being made regarding calls for the budget cap to be increased in light of inflation. With Formula 1's financial regulations decreasing the 2022 budget cap to $140 million dollars, restricting the team's car and performance spend to that figure, calls have been prevalent since the start of the 2022 season to increase that figure. This is due to an unprecedented level of global inflation, exacerbated by Russia beginning military action in Ukraine. This had had a knock-on effect on logistics and freight costs, as well as spiralling energy costs – resulting in the teams having to cut spending elsewhere. Red Bull team boss...
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2y ago from PlanetF1.com
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