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 »
4y 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,...
4y 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...
4y 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...
4y 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...
4y ago from F1i.com
Elsewhere On The Network
Popular On MGPToday.com
Trackhouse boss reveals steps MotoGP must take to...
Trackhouse owner Justin Marks has revealed how he plans to promote his...
13h ago from MotorsportWeek.c...
Alex Marquez still involved in Ducati’s MotoGP...
No description available...
16h ago from Motorsport.com
Aleix Espargaro to undergo surgery after vertebral...
No description available...
18h ago from Motorsport.com
Nicolo Bulega is not Ducati's "first choice"...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Exclusive Q&A: Mick Schumacher believes 'great things...
No description available...
9h ago from Motorsport.com
Experienced engineer Mike O’Gara joins IndyCar as...
IndyCar has announced that Mike O’Gara has joined the series as Vice...
11h ago from MotorsportWeek.c...
Mike O’Gara named IndyCar’s Vice President of...
No description available...
12h ago from Motorsport.com
Christian Lundgaard: Bye week a chance to “unite”...
No description available...
1d ago from Motorsport.com
Popular On TotalWRC.com
The Rally1 rookie proving he belongs in the WRC top...
No description available...
10h ago from Motorsport.com
Why WRC Croatia victory was “quite special” for...
No description available...
2d ago from Motorsport.com
Thierry Neuville crashes out of Croatia lead in final...
A dramatic WRC Rally Croatia kept the biggest shock for the Wolf Power...
3d ago from MotorsportWeek.c...
Popular On GunnersToday.com
'Lack basic footballing IQ', 'Should feel so...
Arsenal fans are furious with Noni Madueke and Gabriel Martinelli despite...
3h ago from SportsKeeda.com
'Who cares what people think' – Arsenal star...
Arsenal secured their place in the Champions League semi-finals for the...
5h ago from CaughtOffside.com
‘Shattered’ Rice wows Arteta by getting off...
t;li>Captain’s brave display helps Arsenal reach semi-final‘We are...
4h ago from TheGuardian.com
Player ratings: Arsenal 0-0 Sporting (1-0 agg)
Arsenal reached the Champions League semi-final for consecutive seasons...
4h ago from FreshArsenal.com
Comments
Hottest News
F1 boss plots comeback with brand new team
11 teams on the F1 grid? Rubbish. We want more!... Read More »
6h ago from GPFans.com
F1 2026 farce exposed as Ferrari turn to Formula E for help
When Max Verstappen compared F1 to 'Formula E on... Read More »
8h ago from GPFans.com
Ex-Ferrari boss reveals vital detail caused missed Ayrton...
Jean Todt, the former Ferrari team principal,... Read More »
9h ago from MotorsportWeek.com
