News Details
Seven teams pushing for budget cap rise as costs soar
A report states that seven teams want a bonus to the budget cap of around $7m for next season as freight and electricity costs climb sharply. First introduced for the 2021 season, Formula 1's cost cap reduced from $145m for that first season, to $140m for the 2022 campaign. There are instances though when it can rise, with Mercedes boss Toto Wolff recently revealing that there is an allowance for damage repairs after a 'big' crash, while for each race beyond the 21st in a season, there is a surcharge of $1.2m per round. So, since there are set to be 23 races in 2022, that means a cap of $142.4m. But, as reported by Auto Motor und Sport, seven out of the 10 teams believe that a greater...
Full Story »
Full Story »
3y ago from PlanetF1.com
0
You May Also Be Interested In...
F1 should brace for more freight chaos
Apr.8 Freight chaos could become commonplace in Formula 1 this year,...
3y ago from OneStopStrategy.com
DHL beats serious odds getting F1 freight to Melbourne
A last-minute dash across the world has ensured that all the teams will...
3y ago from GrandPrix247.com
F1's close call with Melbourne sea freight delay
Apr.7 Formula 1 team's crucial sea freight almost didn't arrive on time...
3y ago from OneStopStrategy.com
DHL rescue mission avoided last-minute F1 freight...
Formula 1's logistics partner DHL took action last weekend to avoid a...
3y ago from F1i.com
Elsewhere On The Network
Popular On MGPToday.com
How Jorge Lorenzo is pushing Maverick Vinales beyond...
No description available...
5h ago from Motorsport.com
Ducati will continue racing its unbeatable 2024 engine...
No description available...
1d ago from Motorsport.com
Can Johann Zarco match factory Honda duo Joan Mir and...
No description available...
1d ago from Motorsport.com
Joan Mir: ‘Everyone cannot sleep’ because of 2027...
Joan Mir suggested that rumours about the 2027 MotoGP rider market are...
2d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Romain Grosjean returns to IndyCar with full time seat...
Dale Coyne Racing has made public its plans for the 2026 IndyCar season,...
2d ago from MotorsportWeek.c...
Honda confirms early discussions for 2028 factory...
Honda, one of two engine manufacturers that supply IndyCar, has confirmed...
3d ago from MotorsportWeek.c...
Romain Grosjean returns to IndyCar, signs with Dale...
No description available...
2d ago from Motorsport.com
Mick Schumacher reveals what has surprised him the...
No description available...
4d ago from Motorsport.com
Popular On TotalWRC.com
Oliver Solberg “didn’t deserve more than P4”...
No description available...
5h ago from Motorsport.com
Elfyn Evans wins Swedish showdown
Elfyn Evans and Scott Martin clinched victory on Rally Sweden which ended...
7h ago from MotorsportWeek.c...
WRC Sweden: Elfyn Evans storms to victory as Toyota...
No description available...
7h ago from Motorsport.com
WRC Sweden: Elfyn Evans heads Toyota 1-2-3-4 into...
No description available...
1d ago from Motorsport.com
Popular On GunnersToday.com
One Arsenal star gets singled out for pulling the...
Arsenal forward Noni Madueke was full of praise for Eberechi Eze following...
48m ago from CaughtOffside.com
'Ruins my mood every time I watch him', 'Simply just a...
Fans reacted to the performance of striker Viktor Gyokeres in Arsenal's...
1h ago from SportsKeeda.com
Arsenal outclass and overwhelm Wigan in dominant FA...
Arsenal dispatched Wigan with ease to progress into the fifth round of the...
2h ago from SkySports.com
'Now is your time', 'Can't believe my eyes' - Arsenal...
Arsenal fans have reacted to Myles Lewis-Skelly’s inclusion in the...
4h ago from SportsKeeda.com
Comments
Hottest News
Red Bull confirm problem with 2026 F1 car
The Red Bull RB22, like many of its rivals, has... Read More »
3h ago from RacingNews365.com
Lewis Hamilton boosted as Ferrari set for massive upgrades...
Lewis Hamilton doesn't seem like he's been able... Read More »
28m ago from GPFans.com
Lewis Hamilton just provided the funniest ever moment of F1...
It's an unspoken (and obvious) truth about anyone... Read More »
1h ago from GPFans.com
