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
Michelin reveals what caused Marc Marquez’s dramatic...
No description available...
6h ago from Motorsport.com
Marco Bezzecchi reveals why Sprint crash presented...
Marco Bezzecchi admits he faced “a lot of difficulties” in order to...
4h ago from MotorsportWeek.c...
Winners and losers from MotoGP’s season-opening...
No description available...
5h ago from Motorsport.com
From Switzerland to Buriram: the helmet drama that hit...
No description available...
4h ago from Motorsport.com
Popular On IndyCarToday.com
Watch: Mick Schumacher taken out on opening lap of...
Fans of Mick Schumacher could switch off early after his IndyCar debut at...
2h ago from MotorsportWeek.c...
Mick Schumacher's IndyCar debut ends in Lap 1 crash
No description available...
20h ago from Motorsport.com
How Mick Schumacher's IndyCar debut ended in messy Lap...
No description available...
17h ago from Motorsport.com
Alex Palou wins season opener with largest St. Pete...
No description available...
18h ago from Motorsport.com
Popular On TotalWRC.com
Lancia rally legend Sandro Munari passes away aged 85
No description available...
1d ago from Motorsport.com
Why Esapekka Lappi was so happy at WRC Rally Sweden
No description available...
4d ago from Motorsport.com
Acropolis Rally's Thursday parc ferme will be on a boat
No description available...
5d ago from Motorsport.com
Popular On GunnersToday.com
Arsenal players can feel fans’ anxiety and must...
t;li>Defender says crowd’s tension noticeable against Chelsea‘It is...
21m ago from TheGuardian.com
Player ratings: Arsenal 2-1 Chelsea
Arsenal made it back to back London derby wins with a crucial 2-1 victory...
1h ago from FreshArsenal.com
Arsenal 2-1 Chelsea: Premier League player ratings
ale of contrasting fortunes for the goalkeepers with Raya making crucial...
21m ago from TheGuardian.com
Arsecast Extra Episode 684 – 02.03.2026
Welcome to another Arsecast Extra, the Arsenal podcast, with myself and...
1h ago from Arseblog.com
Comments
Hottest News
Martin Brundle hints at potential shocks in F1 2026:...
Sky Sports pundit Martin Brundle has stated that... Read More »
3h ago from MotorsportWeek.com
FIA president confirms he is 'assessing' Middle East F1...
The FIA president Mohammed Ben Sulayem has... Read More »
1h ago from GPFans.com
F1: Australian Grand Prix: Preview - Pirelli
For the Albert Park circuit, Pirelli has selected... Read More »
41m ago from Pitpass.com
