Faced with rising costs, Red Bull team skipper Christian Horner made a call on Saturday during the Monaco Grand Prix of Formula 1 to find “a solution of common sense”, pointing to an increase in the maximum limit of expenses.
“It’s a case of force majeure, it is a situation, obviously, that none of us could have foreseen, which has increased costs. In a pragmatic way, we just have to find a common sense solution,” Horner explained.
The idea is also defended by the other most powerful teams, such as Ferrari and Mercedes: “I think the only thing we can do is give ourselves a little airincrease the budget limit in response to inflation, which is something we did not predict at all,” Mattia Binotto assured at the ‘Scuderia’, sure that the budget will be exceeded at Ferrari.
Last weekend, Horner had stated that “about seven teams will probably have to miss the last four races to be under the limit this year.
Alfa Romeo and Alpine do not share this opinion at all: “We are in a situation where, sooner or later, we must stop the development of cars, because we will be at the limit of our budget, and I think that everyone can come”, assured Frédéric Vasseur, boss of Alfa Romeo.
“I think it’s possible. When there is a will, there is a way to do it. We have set a budget limit, and we all have to stay,” defended Otmar Szafnauer.
Alpine’s boss explained that “Most teams set their budget in November-December for the following year. At that time, inflation was already over 7%, we took that into account when we set our budgets.”
At McLaren, director Andreas Seidl, a staunch supporter of the budget cap adopted in 2021, maintains a softer tone now: “We are pushing to make sure we introduce the budget cap, But I think that if we take into account the exceptional situation like at the moment, we should always be able to have common sense conversations and find good solutions for the sport.”
The decision to adopt a maximum of expenses for the teams during a season was taken in 2020 with the aim of reducing the difference budget between the big and the small teams, to improve the competition. Mercedes, Ferrari and Red Bull were particularly hard hit.
The budget limit fell from 145 million dollars (132 million euros) last year to 140 million dollars (127 million euros) this year. It should go to 135 million dollars (123 million euros) in 2023.
Faced with rising costs, Red Bull team skipper Christian Horner made a call on Saturday during the Monaco Grand Prix of Formula 1 to find “a solution of common sense”, pointing to an increase in the maximum limit of expenses.
“It’s a case of force majeure, it is a situation, obviously, that none of us could have foreseen, which has increased costs. In a pragmatic way, we just have to find a common sense solution,” Horner explained.
The idea is also defended by the other most powerful teams, such as Ferrari and Mercedes: “I think the only thing we can do is give ourselves a little airincrease the budget limit in response to inflation, which is something we did not predict at all,” Mattia Binotto assured at the ‘Scuderia’, sure that the budget will be exceeded at Ferrari.
Last weekend, Horner had stated that “about seven teams will probably have to miss the last four races to be under the limit this year.
Alfa Romeo and Alpine do not share this opinion at all: “We are in a situation where, sooner or later, we must stop the development of cars, because we will be at the limit of our budget, and I think that everyone can come”, assured Frédéric Vasseur, boss of Alfa Romeo.
“I think it’s possible. When there is a will, there is a way to do it. We have set a budget limit, and we all have to stay,” defended Otmar Szafnauer.
Alpine’s boss explained that “Most teams set their budget in November-December for the following year. At that time, inflation was already over 7%, we took that into account when we set our budgets.”
At McLaren, director Andreas Seidl, a staunch supporter of the budget cap adopted in 2021, maintains a softer tone now: “We are pushing to make sure we introduce the budget cap, But I think that if we take into account the exceptional situation like at the moment, we should always be able to have common sense conversations and find good solutions for the sport.”
The decision to adopt a maximum of expenses for the teams during a season was taken in 2020 with the aim of reducing the difference budget between the big and the small teams, to improve the competition. Mercedes, Ferrari and Red Bull were particularly hard hit.
The budget limit fell from 145 million dollars (132 million euros) last year to 140 million dollars (127 million euros) this year. It should go to 135 million dollars (123 million euros) in 2023.
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