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 »
3y 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...
3y 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...
3y 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...
3y ago from PlanetF1.com
Horner: F1 budget cap inflation increase still 'not...
Red Bull team boss Christian Horner says the inflation-based increase to...
3y ago from F1i.com
Elsewhere On The Network
Popular On MGPToday.com
Ducati: Marc Marquez has “determination of a rookie...
No description available...
5h ago from Motorsport.com
KTM’s 850cc engine for 2027 MotoGP season breaks...
No description available...
1d ago from Motorsport.com
Why Jack Miller and Alex Rins see more potential in...
No description available...
2d ago from Motorsport.com
Why Ducati faces its most complicated contract renewal...
No description available...
2d 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...
21h ago from MotorsportWeek.c...
JHR retains Sting Ray Robb for second season
Juncos Hollinger Racing has confirmed that Sting Ray Robb will remain...
3d ago from MotorsportWeek.c...
Sting Ray Robb to continue with Juncos Racing for 2026...
No description available...
4d 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...
1d 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...
1d ago from MotorsportWeek.c...
Sports quiz of the week: Premier League goals, Ashes...
No description available...
1d ago from TheGuardian.com
Oliver Solberg steps up WRC 2026 preparations with...
No description available...
2d ago from Motorsport.com
Popular On GunnersToday.com
SCENES! Buendia scores 95th-minute winner to beat...
Highlights of the Premier League match between Aston Villa and Arsenal.
37m ago from SkySports.com
0 shots, 0 key passes: Arteta needs to stop starting...
Arsenal's makeshift striker Mikel Merino had a very poor game against...
17m ago from CaughtOffside.com
“Cost us 3-4 points in last couple of weeks”,...
Arsenal fans are furious with Piero Hincapié, blaming the defender for...
2h ago from SportsKeeda.com
'I would understand' – Mikel Arteta tipped to...
Mikel Arteta has his best chance yet to win the Premier League as Arsenal...
3h ago from CaughtOffside.com
Comments
Hottest News
F1 2025 Abu Dhabi Grand Prix – Qualifying Results
Red Bull's Max Verstappen has claimed pole... Read More »
2h ago from MotorsportWeek.com
F1 title race is set to be ruined and not because of...
There is only one thing everyone is talking about... Read More »
4h ago from GPFans.com
George Russell suggests Max Verstappen strategy plan for F1...
George Russell has predicted Max Verstappen will... Read More »
47m ago from RacingNews365.com
