When Formula 1 introduced the budget cap, the world had just been hit by the Coronavirus pandemic but at least the geopolitical situation was calm. With the war in Ukrainehowever, the prices of various goods (first of all energy and gasoline, as we are seeing in the bills and at the distributor) have skyrocketed.
Inflation could also affect Formula 1 and therefore nullify the objectives and the usefulness of the spending ceiling, which for 2022 was set at 140 million dollars. Red Bull team principal Chris thinks so too Horner: “I think that with the new rules we will have a lot of evolution during the season, e with the lowering of the budget cap (last year it was 145 million dollars, ed.) we will be much more at the limit, because it takes money to develop. But we must try to control everything, it is a new challenge for the teams“, He said this morning to Sky Sport F1. Later, at a press conference, he added: “Inflation is a big problem. When we introduced the budget cap we were in the middle of a pandemic and no one would have imagined the situation we are in now and how quickly prices would rise.“.
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