Formula 1 | Will limited budgets be reduced as planned in 2023?

Normally, limited budgets should be further reduced by $ 5 million next year. This is obviously a problem in times of inflation … and recurring controversy among the best teams, but not only.

McLaren has already announced that it would exceed the ceiling, without being able to control rising costs.

But Andreas Seidl, the director of the McLaren team in F1, wants to reassure: the orange team will still be able to go to every Grand Prix without exploiting the budget limit.

“First of all, I’m pretty sure all the teams will be in each race until the end of the season. We will have contracts, not only with Formula 1, but also with our partners and sponsors. But this year we are facing a significant and unexpected increase in costs, especially in terms of freight transport, and that is why we are still in discussions between the teams and also with the FIA ​​to find a solution for this year. »

“Next week there is a big meeting of the F1 Commission in Austria, where we hope to find a solution in the best interest of the sport and close the matter.”

“Looking ahead to next year, as you all know, the next step will be to reduce the cost cap, which we’ve all agreed on in the past, and that’s also right. But at the same time, it’s still important that we continue to have this discussion about the influence of inflation on the cap, whatever it is, by introducing this adaptation as early as 2023, rather than setting the initial work, which was for 2024. This is a discussion we still have. there I am totally convinced that we will find solutions. ”

Shouldn’t F1 also reduce its number of Grand Prix in the future to limit costs?

“As for the number of trips, there is a mechanism in the cost limit, which adjusts the level of the cost limit based on the number of trips we make. So I don’t expect any problems there. »

Christian Horner is against Red Bull’s current budgets and calls on the FIA ​​and the FOM to act very quickly. Ahead of next year’s F1 Commission meeting, therefore, it is putting pressure.

“On the issue of the cost limit, it will be interesting to see what the FIA ​​raises. They obviously promised to come back to us with a proposal, so we will listen with interest to what will be put on the table.”

Mercedes, one of the leading teams even more concerned about limited budgets, sees its development during the year affected by the limit. At what time? Mike Elliott, the technical director, wants to be almost reassuring.

“What I can say this year is that the cost limit is a challenge for everyone and we will have to look at what we can afford for the rest of the season. We will continue to develop. In a normal year, we focus on how to get the most out of this year and what to implement next year. So we will definitely do a little experimentation, making sure we are on track for next year’s car. Whether it goes through a major upgrade will depend on what we find and what we can afford. »

The midfield is waiting to see

Alongside one of the set’s smallest budgets, Williams, Jost Capito speaks less urgently in his tone as in his expectations for next week’s meeting.

“We have to line up very quickly next week. We’re discussing the different options. And I’m sure we’ll find a compromise that works for all of us. So I’m pretty sure we’ll find a solution next week.”

Otmar Szafnauer, of Alpine, says he is open to solutions … if they are reasonable …

“Let’s see what is offered. And, you know, we voted at the last meeting of the Formula 1 Commission, but that was a totally different proposal. So if it’s a reasonable thing, we’ll evaluate it and vote accordingly. . »

Finally, Günther Steiner has no illusions: F1 teams will remain facing each other after the meeting.

“I hope we take a step forward, because we don’t talk about it anymore. And with which everyone can be satisfied, which will be difficult to achieve. But we usually find solutions, that’s why we’re here. »

Leave a Comment