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Second F1 boss eyes budget cap increase

:Headline: Second F1 boss eyes budget cap increase:
A second Formula 1 team boss thinks the sport may need to pivot to adjust to the latest alarming global developments.
Sports Mole

A second Formula 1 team boss thinks the sport may need to pivot to adjust to the latest alarming global developments.

Inflation, for instance, is sharply on the rise amid the post-covid era and the alarming situation in Ukraine, resulting in Russian oil and gas sanctions and skyrocketing prices.

That's bad news for F1, which is in the midst of a tightening budget cap limit which dropped from $145 million per team last year to just $140m in 2022.

"We can already see the consequences on air freight prices," Red Bull team boss Christian Horner said last week.

Now, his counterpart at McLaren, Andreas Seidl, agrees that making some adjustments to the financial settings in F1 may be appropriate.

"It is important in this situation to show common sense with all of this extra data we now have after the last few weeks," he is quoted by France's Auto Hebdo.

"It is important that we have a discussion about this and see what makes sense."

Like Horner, Seidl admits that an upwards adjustment to the budget cap may be the answer.

"We all have the same objective, which is to stay on course," said the German.

"But with this unexpected new situation, we are totally open to dialogue in order to find solutions and make changes accordingly, within the limits of reason and what is possible."
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Premier League Table
TeamPWDLFAGDPTS
1Manchester CityMan City29224368185070
2Liverpool29216275205569
3Chelsea28178357193859
4Arsenal28173844311354
5Tottenham HotspurSpurs291631047361151
6Manchester UnitedMan Utd2914874840850
7West Ham UnitedWest Ham301461049391048
8Wolverhampton WanderersWolves30144123126546
9Aston Villa29113154140136
10Leicester CityLeicester27106114246-436
11Southampton29811103645-935
12Crystal Palace2971393938134
13Brighton & Hove AlbionBrighton29712102636-1033
14Newcastle UnitedNewcastle29710123249-1731
15Brentford3086163347-1430
16Leeds UnitedLeeds3078153467-3329
17Everton2774162947-1825
18Watford2964192955-2622
19Burnley27312122238-1621
20Norwich CityNorwich2945201863-4517
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