News Details
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...
Full Story »
Full Story »
2y ago from PlanetF1.com
0
You May Also Be Interested In...
‘It’s not about putting a front wing on':...
Red Bull Racing team principal Christian Horner has continued his request...
2y ago from Formula1News.co.uk
Budget cap increased, technical directive on...
On Friday morning in Austria, the FIA and Formula One teams met to...
2y ago from GPBlog.com
Red Bull not satisfied yet: 'That budget cap just...
Red Bull Racing still insists on increasing the budget cap. There was...
2y ago from GPBlog.com
Alonso feels a change in development thanks to budget...
Although Alpine arrived at Silverstone with a major sidepod and floor...
2y ago from PlanetF1.com
Elsewhere On The Network
Popular On MGPToday.com
MotoGP riders criticise “disrespectful” booing of...
No description available...
2h ago from Motorsport.com
Yamaha: Rivals' choice, 2027 MotoGP rules led to V4...
No description available...
2h ago from Motorsport.com
Bagnaia wants to be a Ducati life-longer but...
No description available...
3h ago from Motorsport.com
Balaton Park included on 2025 MotoGP and WorldSBK...
Dorna Sports has agreed to a deal with Balaton Park's circuit organisers...
3h ago from MotorsportWeek.c...
Popular On IndyCarToday.com
2022 F2 champ Drugovich testing with Ganassi later...
No description available...
1h ago from Motorsport.com
Marcus Armstrong signs with Meyer Shank Racing for...
No description available...
4h ago from Motorsport.com
Rahal Letterman Lanigan investigated by the FBI: What...
No description available...
3h ago from Motorsport.com
Popular On TotalWRC.com
WRC selects women’s driver development programme...
No description available...
22h ago from Motorsport.com
No pressure on Pajari after surprise Toyota Rally1...
No description available...
3d ago from Motorsport.com
Latvala: Toyota needs three full-time WRC drivers in...
No description available...
1w ago from Motorsport.com
Pajari to replace Katsuta in Chile as Toyota hands...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Team News: Arsenal lineup vs. Atalanta confirmed as...
Gabriel Jesus starts for Arsenal in their Champions League opener against...
53m ago from SportsMole.co.uk
Leny Yoro sets important Man United game as ideal...
Leny Yoro has reportedly identified Man United's Premier League game...
1h ago from CaughtOffside.com
Man City vs Arsenal preview: De Bruyne to be assessed
No description available...
2h ago from SkySports.com
'One of my favourite players' – Ian Wright...
Ian Wright has lavished praise upon Nottingham Forest defender Murillo,...
1h ago from CaughtOffside.com
Comments
Hottest News
Newey GROUNDED by Red Bull following Aston Martin signing
Red Bull's chief technical officer Adrian Newey... Read More »
1h ago from GPFans.com
'Red Bull has made decision to replace Ricciardo after the...
There have been many rumours surrounding the seat... Read More »
52m ago from GPBlog.com
FIA issue clarification on McLaren rear wing legality
McLaren's F1 rear wing attracted attention after... Read More »
11h ago from RacingNews365.com