News Details
Budget cap increase 'not enough', says Horner
Under the deal agreed by yesterday's meeting of the F1 Commission, the original budget cap of $140m this year is raised to $145.5m - more than it stood in 2021, the first year of the cap - but still Christian Horner isn't happy. At yesterday's meeting of the F1 Commission, following consultation with the Financial Advisory Committee, F1 and nine of the teams approved the FIA's proposal that recognised 'the unexpected increase of costs incurred by teams in 2022 thereby permitting indexation at a limited rate of 3.1% (which takes into account the original 3% inflation threshold already set out in the regulations) and permitting compounding of this rate as from 2023. This will preserve the...
Full Story »
Full Story »
2y ago from Pitpass.com
0
You May Also Be Interested In...
Formula 1 approves minor increase on budget cap
Formula 1 approved a small increase to its $140-Million per team annual...
2y ago from GrandPrix247.com
Wolff ‘fought hard' in F1 budget cap meeting
Jul.9 Toto Wolff admits he 'fought hard' during Friday's meeting of the...
2y ago from OneStopStrategy.com
F1 makes decision on calls for budget cap increase
A meeting of the F1 Commission has resulted in a decision being made...
2y ago from PlanetF1.com
Horner: F1 budget cap inflation increase still 'not...
Red Bull team boss Christian Horner says the inflation-based increase to...
2y ago from F1i.com
Elsewhere On The Network
Popular On MGPToday.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
MotoGP riders criticise “disrespectful” booing of...
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
Latest update on £27m star gives Arsenal and their...
Arsenal have been handed a boost with midfielder Mikel Merino now just a...
34m ago from CaughtOffside.com
'One of my favourite players' – Ian Wright...
Ian Wright has lavished praise upon Nottingham Forest defender Murillo,...
1h ago from CaughtOffside.com
Joshua Zirkzee names Cristiano Ronaldo and Manchester...
No description available...
1h ago from SportsKeeda.com
Transfer news: Chelsea star had STRONG interest, new...
This article was originally published on Fabrizio Romano’s Daily...
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 »
2h ago from GPFans.com
FIA issue clarification on McLaren rear wing legality
McLaren's F1 rear wing attracted attention after... Read More »
11h ago from RacingNews365.com
'Red Bull has made decision to replace Ricciardo after the...
There have been many rumours surrounding the seat... Read More »
1h ago from GPBlog.com