News Details
Horner seeking urgent discussion on F1 budget cap
Red Bull team boss Christian Horner says rampant inflation and higher energy costs have put a burden on Formula 1 teams that justify an urgent discussion on the sport's budget cap. This year's cost cap threshold for teams sits at $140 million, a $5 million drop compared to last season, with next year's cap dropping to $135 million. The cost savings measures introduced last season have forced Grand Prix racing's bigger teams to streamline or restructure part of their operations which has inevitably led to head count reduction and to painful redundancies. But rising energy prices in the world coupled with global supply chain issues – not to mention the potential economic fall-outs from the...
Full Story »
Full Story »
You May Also Be Interested In...
Horner: War inflation spike serious problem for F1...
Red Bull team principal Christian Horner sees nothing illegal in the...
4y ago from GrandPrix247.com
Horner calls for budget cap review
Concerned at rising energy costs, interest rates and inflation, Christian...
4y ago from Pitpass.com
Uralkali: Haas unreasonable, we want an immediate...
Ditched Haas F1 Team sponsors Uralkali is seeking a refund of the 2022...
4y ago from GrandPrix247.com
‘Daniel Ricciardo is feeling unwell': McLaren...
Charles Leclerc ended the morning session of the first day of pre-season...
4y ago from Formula1News.co.uk
Elsewhere On The Network
Popular On MGPToday.com
Jonathan Rea explains why ‘mental management’ will...
Jonathan Rea believes Toprak Razgatlioglu's chances of success in MotoGP...
14h ago from MotorsportWeek.c...
Joan Mir explains why he crashes so often in MotoGP
No description available...
15h ago from Motorsport.com
Andrea Dovizioso: “Marc Marquez’s situation is...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Fast-paced schedule proving beneficial for IndyCar’s...
The NTT IndyCar Series recently completed its fourth racing weekend in...
2d ago from MotorsportWeek.c...
Mick Schumacher: “I thought I was ready — but I...
No description available...
5d ago from Motorsport.com
Winners and losers from IndyCar at Barber Motorsports...
No description available...
3d ago from Motorsport.com
Pato O’Ward left searching for answers after...
No description available...
4d ago from Motorsport.com
Popular On TotalWRC.com
Storm damage forces changes to WRC Rally Islas...
No description available...
17h ago from Motorsport.com
Kalle Rovanpera returns to WRC with Subaru
Double WRC Champion Kalle Rovanpera is set to return to the WRC next year...
2d ago from MotorsportWeek.c...
Former FIA vice president and WRC boss Morrie Chandler...
No description available...
5d ago from Motorsport.com
Subaru teases new rally car for Japanese Championship
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
‘Like a ball of poison’: Mikel Arteta admits to...
t;li>Arteta claims defeat will haunt him for ‘next 30...
6h ago from TheGuardian.com
Mikel Arteta provides fitness update on 3 Arsenal...
Arsenal boss Mikel Arteta has provided a fitness update on Noni Madueke,...
10h ago from SportsKeeda.com
'Really good news' – Mikel Arteta provides...
Arsenal manager Mikel Arteta has provided a positive injury update on Noni...
14h ago from CaughtOffside.com
Southampton vs Arsenal preview: Odegaard and Timber...
No description available...
13h ago from SkySports.com
Comments
Hottest News
FIA approve new race after F1 cancellations
The FIA have announced a change in one of their... Read More »
12h ago from GPFans.com
Williams sack James Vowles, sign Christian Horner and...
As many expected, James Vowles has been given his... Read More »
2d ago from GrandPrix247.com
Lewis Hamilton team-mate left laughing after F1 rival...
This doesn't count under the cost cap, right? Read More »
7h ago from GPFans.com
