As per the cost cap regulations in place, all teams have been forced to stick to a budget of $145 million in 2021.
Red Bull Racing and Ferrari believe competitors guilty of causing a crash should pay for the crash damages. Both teams have called out the authorities at F1 and the FIA to rethink its cost cap regulations, taking into considerations crash damages and who is at fault.
Both teams feel that if a driver is truly found to be at fault, then the driver’s team should pay for the crash damages. The call was first made by Red Bull post the British Grand Prix, asking Mercedes-Benz to pay up for the crash between Max Verstappen and Lewis Hamilton in Silverstone.
Ferrari joined Red Bull post the Hungarian Grand Prix, with Team Principal Mattia Binotto calling into question the cost cap regulations when driver Charles Leclerc was taken out by Aston Martin’s Lance Stroll in turn 1 of the Hungaroring.
As per the cost cap regulations in place, all teams have been forced to stick to a budget of $145 million in 2021. This will reduce to $140 million in 2022 and stabilise at $135 million from 2023 onwards. Teams are forced to commit to the specific amount allotted, which means any such major crashes and incidents will hurt the team’s budget allotment, making it tougher for them to stay under the annual number.
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