Still three teams reject F1 budget cap raise
Apr.11 - Still three Formula 1 teams are now arguing against a move to raise the budget cap by $7 million.
Red Bull's Christian Horner says teams' freight costs in particular are "doubling" in 2022 as a result of factors like covid and the Ukraine-Russia war.
"We also see it in the cost of living. We see inflation throughout the world," he said.
"We need to find a sensible allowance that takes into account these inflationary costs because the only compensatory place to offset that is parts and people.
"Formula 1 is acutely aware of that, the FIA are acutely aware. I think the teams by and large are looking to find a workable solution."
Initially, it was mainly the biggest teams like Red Bull and Mercedes who were arguing the loudest about a budget cap increase, but now McLaren and Aston Martin have joined their ranks.
Only Alpine, Alfa Romeo and Haas are opposed to a budget cap increase now.
"Rules are rules," Alfa-Sauber team boss Frederic Vasseur said simply.
Haas' Gunther Steiner also sees no need for F1 to make a knee-jerk reaction to inflation.
"If we are above 3 percent inflation in September, there will automatically be more in 2023 anyway," he argues.
"We don't need to bring that forward."
As for why former budget cap hard-liners McLaren and Aston Martin have now defected and joined those pushing for a higher cap, Otmar Szafnauer told Auto Motor und Sport: "They have massive problems with their cars.
"They need the extra money for that," said the Alpine team boss, who defected from Aston Martin over the winter.
10 F1 Fan comments on “Still three teams reject F1 budget cap raise”
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More $$$$$.....F1's answer for everything.
Course more $$$$ Gold isn't cheap you know .
Wahhhhh
Who else got a 7% inflation raise this year?
Deal with it.
Or 8-9% as we hear now.
Just whining for more money to solve porpoising...
Cheap fix. Buy everybody tickets to Seaworld and they can take pic's and cad/cam the swimming dolphins solution.
In defence of things, if a domestic flight very quickly nearly trembled in price, I think wed all whinge a little bit lol
Nice try but we're not hauling around paddock condos and unobtanium jackstands. You and I could easily cut 50% from the 'budget' and still run the same car. Add a geo-centric schedule and $50m/yr would do nicely.
Definitely agree on the Geocentric idea, i mean wheres the harm in it, its if you like the European legs, the American legs, etc etc , for the environment surely a no brainer, i know there is the weather and time zones to consider , but even so, Hammy is doing his bit selling his pvt jet, but all he then does is charter one ffs....
There's Porpoises involved too so i hear from the F1 circus this yr..!!
So come on Ror, Inclusion , Inclusion, Inclusion , come on Support our Knight..!
Glad to see that you have taken ownership. At least you've got countrymen to support. We've got nothing but a team that insists on pursuing turd status. But still I hope...gawd, I am so naive. Still, 8th in the WCC and MSC points are realistic.