News Details
Bottom F1 teams get $20m higher budget cap
Oct.7 Formula 1's bottom-four teams have been permitted to spend an extra $20 million each on improving their outdated infrastructure. Based on the results of the 2020, 2021 and 2022 seasons, the four least-performing teams – Williams, Haas, Sauber and Alpha Tauri – have succeeded in a bid to be given special ‘catch-up' spending outside the budget cap. The complex ‘CapEx' versus ‘OpEx' budget cap issue was pushed especially hard by new Williams boss James Vowles, who has set his sights on a big step forward for the team in the wake of the Dorilton Capital buyout. He said in Qatar that the effective $20m extra for infrastructure spending was 'Not perhaps the...
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