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

Marc Marquez secures Assen MotoGP Sprint victory

Marc Marquez secured an impressive MotoGP Sprint race victory in Assen...

Popular On IndyCarToday.com

IndyCar will not return to Thermal Club in 2026...

According to comments made by Thermal Club founder and owner Tim Rogers,...

Malukas’ recovery drive secures Foyt’s best team...

During Sunday’s IndyCar race at Road America, David Malukas was the...

Popular On TotalWRC.com

Popular On GunnersToday.com

Bukayo Saka tells Tottenham transfer target to join...

Arsenal attacker Bukayo Saka has reportedly told Eberechi Eze to join the...
58m ago from SportsKeeda.com

Ex-Arsenal star among 7 Ajax players banned from...

Ajax have reportedly banned seven players, including former Arsenal star...
58m ago from SportsKeeda.com

Exclusive: Arsenal resume negotiations over 50m winger...

Arsenal are looking to sign a new winger this summer, with the likes of...
1h ago from CaughtOffside.com

Thierry Henry’s old comment about Nicolas Jackson...

Thierry Henry's old comments on Nicolas Jackson have resurfaced amid...
3h ago from SportsKeeda.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.