News Details

Steiner: ‘Big teams wanted more, small teams wanted nothing’

Guenther Steiner says the recently-agreed “compromise” over F1’s revised 2022 budget cap was exactly that – because it left no team particularly happy. During a meeting of the F1 Commission at the Austrian Grand Prix, it was agreed to increase this year’s spending limit of $140million for each team by 3.1% due to the high level of inflation that has gripped the global economy. The figure will be compounded for subsequent seasons. Of course, this suits the bigger teams more because they have had to make widespread adjustments to their operations to comply with the cost cap since it was introduced for 2021. With everyone naturally fighting their own corner within the discussions,...
Full Story »
3y ago from PlanetF1.com 0
Share

You May Also Be Interested In...

Horner coy over F1 budget cap break

Red Bull team principal Christian Horner is happy a compromise has been...
3y ago from GPFans.com

‘You live by your choices': Guenther Steiner...

Haas team principal Guenther Steiner has suggested that Michael...
3y ago from Formula1News.co.uk

Is Red Bull behind schedule? 'Updates not ready for...

Because of the budget cap in Formula 1, teams have to be more frugal with...
3y ago from GPBlog.com

Guenther Steiner reveals if Ferrari will decide Mick...

Haas team principal Guenther Steiner has confirmed that Ferrari do not...
3y ago from Formula1News.co.uk

Elsewhere On The Network

Popular On MGPToday.com

Marco Bezzecchi explained what ‘key moment' he...

Marco Bezzecchi explained his first lap was the "key moment"...
19m ago from MotorsportWeek.c...

MotoGP to return to Buenos Aires from 2027 season

MotoGP has officially announced that the Grand Prix of Argentina will...
16h ago from MotorsportWeek.c...

Popular On IndyCarToday.com

O’Ward explains the multiple steps that came...

Pato O’Ward won Sunday’s IndyCar race from the streets of Toronto,...
15h ago from MotorsportWeek.c...

Kyffin Simpson’s confidence ‘very high right...

When Kyffin Simpson crossed the finish line in Sunday’s Honda Indy...
19h ago from MotorsportWeek.c...

IndyCar Toronto – Race Results

IndyCar completed its sole visit across the border this weekend, with a...

Popular On TotalWRC.com

Popular On GunnersToday.com

Talks this week: Chelsea make club-to-club contact to...

Chelsea are interested in signing Xavi Simons from RB Leipzig during the...
29m ago from CaughtOffside.com

Arsenal midfielder could be 'banned' from first-team...

Arsenal midfielder Max Dowman might not be allowed to enter the senior...
1h ago from SportsKeeda.com

Arsenal vs AC Milan Prediction and Betting Tips | 23rd...

Two European heavyweights lock horns in pre-season on Wednesday with...
1h ago from SportsKeeda.com

Arteta takes centre stage in Singapore

Morning all, As Andrew mentioned yesterday, I’m on cover duty while he...
3h ago from Arseblog.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.