Christian Horner calls for F1 budget cap rethink: "Teams are spending $500 or $600m"
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Since 2021, the F1 has been subject to a budgetary ceiling, which currently amounts to $215 million, plus other expenditures....
Formula 1 needs to seriously rethink its current spending cap of $215 million as teams' actual budgets continue to reach dizzying levels, according to former Red Bull boss Christian Horner, who estimates the championship's actual spending is $500 million to $600 million a year despite the restrictions.
Christian Horner has asked Formula 1 to raise the budget limit of 215 million dollars, claiming that "the teams spend between 500 and 600 million" year after year. Since 2021, the championship operates with a spending limit system that restricts the amount a team can spend.
Christian Horner calls for F1 budget cap rethink: "Teams are spending $500 or $600m"
Christian Horner has called on Formula 1 to increase the $215million budget cap, claiming “teams are spending $500 or $600million” year on year.From 2021 the championship has operated under a budget cap system which limits how much a team can spend per season, with it starting at $145m before eventually increasing to $215m.But that $215m doesn’t cover every single cost made by an F1 ...Keep reading
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