News Details
Steiner: ‘Big teams wanted more, small teams wanted nothing’
Guenther Steiner says the recently-agreed “compromise” over F1’s revised 2022 budget cap was exactly that – because it left no team particularly happy. During a meeting of the F1 Commission at the Austrian Grand Prix, it was agreed to increase this year’s spending limit of $140million for each team by 3.1% due to the high level of inflation that has gripped the global economy. The figure will be compounded for subsequent seasons. Of course, this suits the bigger teams more because they have had to make widespread adjustments to their operations to comply with the cost cap since it was introduced for 2021. With everyone naturally fighting their own corner within the discussions,...
Full Story »
Full Story »
3y ago from PlanetF1.com
0
You May Also Be Interested In...
Horner coy over F1 budget cap break
Red Bull team principal Christian Horner is happy a compromise has been...
3y ago from GPFans.com
‘You live by your choices': Guenther Steiner...
Haas team principal Guenther Steiner has suggested that Michael...
3y ago from Formula1News.co.uk
Is Red Bull behind schedule? 'Updates not ready for...
Because of the budget cap in Formula 1, teams have to be more frugal with...
3y ago from GPBlog.com
Guenther Steiner reveals if Ferrari will decide Mick...
Haas team principal Guenther Steiner has confirmed that Ferrari do not...
3y ago from Formula1News.co.uk
Elsewhere On The Network
Popular On MGPToday.com
Former F1 team principal Guenther Steiner set to take...
Former Haas Formula 1 team principal Guenther Steiner is finalising a...
50m ago from MotorsportWeek.c...
Guenther Steiner finalizing purchase of Tech3 MotoGP...
No description available...
3h ago from Motorsport.com
Why Alex Marquez isn't worried he’s tumbling out of...
No description available...
22h ago from Motorsport.com
‘At Balaton, MotoGP bikes might not even use fifth...
No description available...
2d ago from Motorsport.com
Popular On IndyCarToday.com
FOX Corporation acquires one-third stake in IndyCar...
No description available...
1d ago from Motorsport.com
FOX acquires 33% stake in Penske Entertainment, IndyCar
Fox Corporation, parent company of broadcast company FOX Sports, has...
1d ago from MotorsportWeek.c...
Colton Herta: IndyCar at Laguna Seca is a...
IndyCar’s latest visit to Laguna Seca produced rave reviews from...
3d ago from MotorsportWeek.c...
Alex Palou will not play it safe in Portland to secure...
No description available...
3d ago from Motorsport.com
Popular On TotalWRC.com
Clash with WRC scrutineer earns Ott Tanak 5-min...
No description available...
4h ago from Motorsport.com
WRC Rally Finland: Kalle Rovanpera survives puncture...
No description available...
1h ago from Motorsport.com
WRC Finland: Kalle Rovanpera on top of close fight
No description available...
1d ago from Motorsport.com
WRC Finland: Rally leader Kalle Rovanpera on why...
No description available...
16h ago from Motorsport.com
Popular On GunnersToday.com
The new Arsenal figure who's made a big impression on...
Arsenal's new coach Gabriel Heinze has reportedly made quite an impression...
50m ago from CaughtOffside.com
Report: Tottenham intensify contacts to sign 90m-rated...
Tottenham Hotspur are hoping to sign Rodrygo Goes from Real Madrid during...
40m ago from CaughtOffside.com
'Would be a good signing in my eyes' - Pundit asks...
Former Manchester United forward Louis Saha believes the Red Devils should...
2h ago from SportsKeeda.com
Report: Arsenal's ‘number one winger target' now...
Arsenal have already made plenty of signings, but it appears a move for...
5h ago from FreshArsenal.com
Comments
Hottest News
F1 2025 Hungarian Grand Prix – FP3 Results
Oscar Piastri trumped team-mate Lando Norris as... Read More »
1h ago from MotorsportWeek.com
Sky F1 pundit Martin Brundle calls for Hungarian GP 'delay'...
Sky Sports pundit and F1 legend Martin Brundle... Read More »
2h ago from GPFans.com
LIVE: 2025 F1 Hungarian Grand Prix - Free Practice 3
Follow live coverage of the third and final... Read More »
3h ago from RacingNews365.com