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Steiner fears disparity if budget cap rise is approved
Guenther Steiner fears any increase in the Formula 1 budget cap this year would benefit the top teams more than outfits like Haas. Rising inflation has led to significantly increased costs for the 10 constructors, putting them under pressure to adhere to the sport’s spending limit for the 2022 season of $140million. With that figure due to decrease by $5million for the second consecutive year in 2023, Ferrari team principal Mattia Binotto has said: “I think the only thing we can do, as F1, is increase the budget cap for inflation. I think there will be no way for us simply to stay below. I’m pretty sure at some stage we will go over.” But Steiner, the Haas team principal, suspects...
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3y ago from PlanetF1.com
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