News Details

‘Clock ticking' on F1 budget cap crisis – Seidl

May 27 A Formula 1 row about the budget cap is likely to keep racing for some time. Red Bull team boss Christian Horner said runaway inflation and freight costs could mean that only a handful of teams have the money to race all the way through the 2022 calendar. 'Christian is known for talking a bit black and white like that,' McLaren boss Andreas Seidl told Sky Deutschland. 'But these skyrocketing costs, especially freight and power, is a huge challenge for us. 'Getting under the gap this year is actually impossible at the moment,' he said. Before the Ukraine conflict and other global challenges struck this year, the new F1 budget cap dropped from $145 million in 2021 to just $140m for...
Full Story »
Share

You May Also Be Interested In...

‘It's impossible': McLaren team principal sends...

Global rising costs are having a dramatic effect on Formula 1, with teams...
3y ago from Formula1News.co.uk

Horner warns several teams could be forced to miss F1...

Red Bull team principal Christina Horner has warned of the severe...
3y ago from Formula1News.co.uk

F1 row threatens existence of budget cap –...

May 24 Smaller teams are continuing to resist efforts to ramp up the...
3y ago from OneStopStrategy.com

‘No top team' within 2022 budget cap –...

May 26 The budget cap has become a big problem amid surging global...
3y ago from OneStopStrategy.com

Elsewhere On The Network

Popular On MGPToday.com

Popular On IndyCarToday.com

PREMA adapting European approach to better suit IndyCar

PREMA has nearly completed its first season fielding a pair of entries in...
16h ago from MotorsportWeek.c...

NASCAR Trucks to join IndyCar for St. Petersburg race...

The 2026 schedule for the NASCAR Craftsman Truck Series (NCTS) was...

Popular On TotalWRC.com

Popular On GunnersToday.com

Premier League: 10 things to look out for this weekend

rs must forget Eze humiliation, Isak will be all the talk on Tyneside and...
6h ago from TheGuardian.com

It’s taken 14 years and £67.5m, but Eberechi Eze is...

stal Palace forward was released by club aged 13 and rejected by others...
8h ago from TheGuardian.com

Battle with Arsenal for Eberechi Eze was a fight Spurs...

pite working on the transfer all summer Tottenham felt their north London...
8h ago from TheGuardian.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.