F1 should respond to inflation crisis according Horner
Mar.14 - A global inflation crisis that has been worsened by the Russia-Ukraine conflict is expected to have an impact on Formula 1.
Red Bull boss Christian Horner thinks dramatically rising prices across the board will be "a real problem" for the sport under the rule of the $140 million budget cap.
"We can already see the consequences on air freight prices," he said.
"I think it's a very serious issue that needs to be looked at and addressed, because it has an impact on people's jobs and living conditions.
"I see it as the duty of the regulator to look into it urgently to ensure that a solution is put in place."
It is believed Horner is pushing for a simple increase to that top $145m cap.
"I am open to discussion and to solutions, potential adjustments, as long as it remains within reasonable limits," he said.
F1's budget cap reduced from $145m last year to $140m in 2022, and is currently scheduled to drop by another $5 million to $135m for 2023.
4 F1 Fan comments on “F1 should respond to inflation crisis according Horner”
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Inflation for uk in 2022 will probably be 5-7% for the year so its a very valid point imo
Same for all...
Get lean mates.
Stop the crazy salaties.
Fire some people.
Thats the real world...
I agree. Cut some costs where you can. I know that it is common practice in the sporting world to throw huge amounts of money at athletes. It won’t mean anything if you can’t get your car to the race or half the employees are sacked. Inflation is hurting everyone around the world.
A 145m return won't happen, but he has good general points.