MX23RW : Friday, July 1 02:15:20| >> :120:18966:18966:

'Many teams' will break budget cap - Binotto

'Many teams' will break budget cap - Binotto
© Reuters
Ferrari has joined Red Bull in pushing for an emergency increase to Formula 1's $140 million team budget cap for 2022.

Ferrari has joined Red Bull in pushing for an emergency increase to Formula 1's $140 million team budget cap for 2022.

Red Bull's Christian Horner has warned that most teams will completely run out of money prior to the season finale due to rampant inflation.

And his counterpart at Ferrari, Mattia Binotto, agrees that it will be "impossible" for most teams to stay under the $140m mark because of price increases.

"Six percent inflation was not foreseeable and is very high," he told Sky Italia in Monaco.

"Many teams will break the budget cap if it stays like this. Then the entire value of the measure will be questioned."

Some smaller teams including Alpine, Aston Martin and Haas, however, are staunchly opposed to bowing to their bigger rivals' push for more legal spending.

Ferrari, though, sides with Red Bull, "as do many other teams", said Binotto.

"I'm sure a lot of us have issues with the budget cap," he added. "It would be a shame for a sport like Formula 1 to be dictated by a spending cap.

"All we can do as F1 is take our responsibility and expand the budget cap."

Incredibly, however, Ferrari test driver Marc Gene has broken ranks to actually criticise Horner and Red Bull for pushing for more spending power.

"I think Horner is a master of politics," the Spaniard told the DAZN broadcaster. "He is using that now as they have already spent a lot on developing the car and he wants to have even more."

ID:486986:1false2false3false:QQ:: from db desktop :LenBod:collect2389:

Click here for more stories about Mattia Binotto

Click here for more stories about Ferrari

Collect / Create New Data
Share this article now:
Did you know...?
Frederic Vasseur pictured on April 9, 2022
Read Next:
F1 row threatens existence of budget cap - Vasseur
>

rhs 2.0

Subscribe to our Newsletter


Match previews - Daily
Transfer Talk Daily
Morning Briefing (7am UTC)
Ultra close-up image of Kevin De Bruyne [NOT FOR USE IN ARTICLES]Get the latest transfer news, match previews and news direct to your inbox!