F1 agrees to budget cap increase for 2022 amid inflation pressure

F1 introduced its first set of financial regulations for the 2021 season, setting an initial budget cap for the year of $145 million per team. This dropped to $140m for 2022, and was set to fall by a further $5m next year. But amid the uncertain financial situation around the world following Russia’s invasion of Ukraine back in February, high levels of inflation and growing freight costs, a ... Keep reading

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