03
Jun
2022
F1 budget cap allowance would help adjust staff salaries
Following the pandemic and the war in Ukraine, inflation in several European countries has soared to its highest level in decades and the increased energy and transport costs have made it tough for F1’s top teams to stay under the $140 million budget cap, with budgets allocated well before the Ukraine invasion began.
Teams already operating at the budget cap, such as Mercedes, Ferrari, Red Bull and McLaren, would risk breaching the regulations without drastic measures to…