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Horner seeking urgent discussion on F1 budget cap
Red Bull team boss Christian Horner says rampant inflation and higher energy costs have put a burden on Formula 1 teams that justify an urgent discussion on the sport's budget cap. This year's cost cap threshold for teams sits at $140 million, a $5 million drop compared to last season, with next year's cap dropping to $135 million. The cost savings measures introduced last season have forced Grand Prix racing's bigger teams to streamline or restructure part of their operations which has inevitably led to head count reduction and to painful redundancies. But rising energy prices in the world coupled with global supply chain issues – not to mention the potential economic fall-outs from the...
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