News Details

‘Many teams' will break budget cap – Binotto

May 29 Ferrari has joined Red Bull in pushing for an emergency increase to Formula 1's $140 million team budget cap for 2022. Red Bull's Christian Horner has warned that most teams will completely run out of money prior to the season finale due to rampant inflation. And his counterpart at Ferrari, Mattia Binotto, agrees that it will be 'impossible' for most teams to stay under the $140m mark because of price increases. 'Six percent inflation was not foreseeable and is very high,' he told Sky Italia in Monaco. 'Many teams will break the budget cap if it stays like this. Then the entire value of the measure will be questioned.' Some smaller teams including Alpine, Aston Martin and Haas,...
Full Story »
Share

You May Also Be Interested In...

Red Bull's budget cap problem ‘great' –...

May 28 Some teams are refusing to budge as Red Bull leads a vocal...
3y ago from OneStopStrategy.com

Horner: All major teams will certainly breach budget...

Red Bull boss Christian Horner warned that some Formula 1 team might miss...
3y ago from GrandPrix247.com

F1 row threatens existence of budget cap –...

May 24 Smaller teams are continuing to resist efforts to ramp up the...
3y ago from OneStopStrategy.com

‘No top team' within 2022 budget cap –...

May 26 The budget cap has become a big problem amid surging global...
3y ago from OneStopStrategy.com

Elsewhere On The Network

Popular On MGPToday.com

Popular On IndyCarToday.com

Popular On TotalWRC.com

Popular On GunnersToday.com

A good Sunday leaves Arsenal in good shape

Morning. Well, that turned out to be a very good weekend for Arsenal, all...
3h ago from Arseblog.com

Player ratings: Fulham 0-1 Arsenal

Arsenal retained their place at the top of the Premier League following a...
11h ago from FreshArsenal.com

Jamie Redknapp is full of praise for 'fabulous'...

In a performance that reaffirmed his growing importance at Arsenal, Bukayo...
19h ago from CaughtOffside.com

“I want to play football!” - Months after contract...

Former Arsenal defender Takehiro Tomiyasu recently shared a message on his...
1w ago from SportsKeeda.com

Comments

Hottest News

Recent News


2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.