News Details
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...
Full Story »
Full Story »
3y ago from PlanetF1.com
0
You May Also Be Interested In...
Verstappen's manager warns the FIA that a driver...
With inflation hitting every corner of the planet, discussions have begun...
3y ago from Formula1News.co.uk
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
Steiner: F1 teams must make budget cap work 'one way...
Haas team boss Guenther Steiner says all F1 teams must make this year's...
3y ago from F1i.com
‘We will go over': Binotto warns Ferrari and...
Ferrari team principal Mattia Binotto believes that it will be impossible...
3y ago from Formula1News.co.uk
Elsewhere On The Network
Popular On MGPToday.com
MotoGP Sepang shakedown test: Schedule, riders and how...
No description available...
3h ago from Motorsport.com
Why KTM thinks it "hasn't done enough yet"...
No description available...
4h ago from Motorsport.com
Aprilia confirms Jorge Martin will miss Sepang MotoGP...
No description available...
7h ago from Motorsport.com
Pedro Acosta on MotoGP silly season rumours: “Those...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Ryan Briscoe to coach RLL drivers, fueling speculation...
Rahal Letterman Lanigan Racing has announced that it has brought on two...
1d ago from MotorsportWeek.c...
Wienie 500 returns for second year in build-up to Indy...
Indianapolis Motor Speedway has announced that the Oscar Meyer Wienie 500...
1d ago from MotorsportWeek.c...
Alex Palou responds to McLaren court ruling
Alex Palou has been ordered to pay McLaren Racing over $12 million...
5d ago from MotorsportWeek.c...
IndyCar penalizes Abel Motorsports for rig testing
No description available...
4d ago from Motorsport.com
Popular On TotalWRC.com
Why Thierry Neuville struggled in “most difficult”...
No description available...
1h ago from Motorsport.com
Rally USA return edges closer for 2027 as WRC plans...
No description available...
22h ago from Motorsport.com
More than 10 tuners interested in joining WRC under...
No description available...
2d ago from Motorsport.com
How Oliver Solberg picked up his “crazy dream”...
No description available...
2d ago from Motorsport.com
Popular On GunnersToday.com
Change it around for FC Kairat + Arteta's press...
Morning. We play our final league stage game of the Champions League this...
9h ago from Arseblog.com
Sources: Euro giants target move for summer signing...
Ajax have launched a major winter operation to add leadership, experience,...
10h ago from CaughtOffside.com
Arsenal, Man United and Chelsea lock horns for...
Arsenal, Manchester United and Chelsea are keeping tabs on the Freiburg...
19h ago from CaughtOffside.com
Arteta feeling bullish after Arsenal ‘take...
t;li>Head coach and players spoke in wake of United defeatSide is ‘in...
23h ago from TheGuardian.com
Comments
Hottest News
LIVE: 2026 F1 Barcelona Pre-Season Test - Day 3
The third day of on-track action for F1 in 2026... Read More »
8h ago from RacingNews365.com
2026 F1 Barcelona Pre-Season Test - Day 3 Morning Results
Check out the results from the morning session at... Read More »
3h ago from RacingNews365.com
Williams crisis deepens as F1 giant SCRAPS 2026 car launch
Williams 2026 pre-season has not gone to plan... Read More »
3h ago from GPFans.com
