With costs rising across the world, the Formula 1 paddock has been put under enormous strain to remain within the current budget cap. With inflation hitting every corner of the world in every aspect, some teams have asked the FIA to increase this season’s budget cap, otherwise teams may miss the final rounds of the
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With inflation hitting every corner of the planet, discussions have begun as to whether the $140 million budget cap can be increased, with teams concerned that they may miss races to avoid spending over the limit. Ferrari team principal Mattia Binotto confirmed that these talks were taking place. “These discussions will take time,” Binotto explained
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Raymond Vermeulen, manager of Max Verstappen, is extremely pleased with his client’s current situation at Red Bull after the Dutchman signed a new contract that keeps him at the team until the end of 2028. In one of the most lucrative deals in Formula 1 history, Verstappen signed a five-year extension reportedly worth $250 million
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Dutch ace Max Verstappen and his management team have insisted that they have no regrets about turning down Mercedes in 2014 despite the Silver Arrows winning every F1 Championship since then. At the time, Verstappen had the option of driving for Red Bull’s sister team, Toro Rosso, in 2015, or taking up a reserve driver
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