McLaren principal Andreas Seidl admits that the team are at risk of going 'considerably' over the budget cap this season. F1
McLaren team principal Andreas Seidl has said the team could “considerably” exceed this season’s budget cap, given that global inflation has significantly increased running costs for Formula 1 teams.
The $140million cap was roundly seen to be too low for most of the teams on the grid, given the rapidly changing global economic situation which has seen inflation rapidly increase, tightening teams’ budgets further as a result. Since then, the teams came to an agreement for a 3.1% increase in spending allowance to be taken for the rest of the season in their recent F1 Commission meeting, along with a proposed increase on the $135million cap for next year, given the calendar will likely expand to 24 races in 2023 – though a figure is yet to be agreed.
The McLaren team boss agrees that most of the teams are likely to go above the budget cap at their current rate, but he elaborated on just how much more expensive it has become running certain areas of the team during the season.
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