Top F1 teams say there's 'no way' of staying below budget cap as inflation, freight costs soar
Max Verstappen of the Netherlands driving the Oracle Red Bull Racing RB18 leads Charles Leclerc of Monaco driving the Ferrari F1-75 during the F1 Monaco GP on May 29, 2022 in Monte-Carlo, Monaco.Formula 1's top teams Red Bull, Ferrari and Mercedes all believe they are at risk of penalties for going over the sport's budget cap this season, with Christian Horner calling for the FIA to act quickly to avoid an "accounting world championship.
That has led to Red Bull, Ferrari and Mercedes, the sport's biggest and currently most competitive teams, all stressing that the budget cap to be increased due to the "force majeure" circumstances. "At the time we all agreed to those reductions, nobody could have predicted what was going on in the world and how that is driving inflation in every household globally," Red Bull team principal Horner told Sky Sports F1.
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