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F1 teams hold cost cap concerns
Franz Tost of AlphaTauri Inflation, increased costs, and a reduced cost cap figure for 2022 are combining to make life difficult for Formula 1 teams. Financial regulations introduced into F1 last season limit what teams are allowed to spend, a figure which has dropped $5 million for 2022. Set at $145 million last year, that has dropped to $140 million this time around and will fall to $135 million next season. That comes against the backdrop of high inflation with the United States reaching a 40-year high of 7.5 percent. For F1 teams, that adds further pressure to budgets which in some instances have been cut by as much as 75 percent in recent seasons. It could also mean the cost cap...
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3y ago from SpeedCafe.com
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