“If those who have to regulate miss something, the whole system collapses” – Mattia Binotto showcases his concern over teams taking unfair advantage of the budget cap

Janmeyjay Shukla | 31/03/2022
"If those who have to regulate miss something, the whole system collapses" - Mattia Binotto showcases his concern over teams taking unfair advantage of the budget cap

Ferrari team boss Mattia Binotto explains how important it is for F1 to strictly monitor the new financial regulations

The cost cap for the new season of 2022 is $140 million. The cost cap is preliminary to the design, development, and operation of the cars.

The 2022 season is underway with Ferrari leading the championship with 78 points while Mercedes placed second with 38 points.

Ferrari and Red Bull team bosses have expressed their concern over the potential abuse of the new financial regulations.

Monitoring the budget cap

Formula 1 CEO Stefano Domenicali discussed that there is still scope for improvements in the budget cap implementation. He states: “If those who have to regulate miss something, the whole system collapses.“

Also Read: Red Bull boss Helmut Marko feels Carlos Sainz will spend 2022 in the shadows of Charles Leclerc

Ferrari team boss Mattia Binotto expressed his concerns countering this. As per him, teams can find clever ways to spend additional money on developing cars.

Secondly, inflation can play a big role in deciding team factors. Changes in fuel prices can alter transportation costs. These factors are set to be discussed as per Domenicali.

Focused upgrades ahead

The Ferrari boss also expressed that the FIA has to guarantee that no team can exceed the budget ceiling. Any further development of the car can lead to constructors’ championship fight.

Also Read: Haas boss Guenther Steiner stakes claim to be the best-of-the-rest in Constructors Standings

The Italian also believes that budget limits and monitoring can help influence the pace of car upgrades.

Countering this, Red Bull team boss Christian Horner believes that the teams have already made strategies in their development plans. He also added that as per his understanding, there will be a lot more focused picky updates as all the teams are close to their budget cap.

Post Edited By: Subham Jindal
Christian Horner F1 Budget Mattia Binotto

About the author

Janmeyjay Shukla

Janmeyjay Shukla is an artist who contributes his expressions through words as an F1 writer and editor at The SportsRush. He is an F1 historian who has been watching the sport since he was a baby. Passed on from generation to generation, he has seen the prime of Michael Schumacher to the rise of Max Verstappen. A Mercedes fan from the days of the Brawn GP era, the sport runs in his blood. Besides Formula One, Janmeyjay is a Marketing Head and a musician who loves to sing and play Rock & Pop songs on guitar. His love for sports will never die as he is a loyal Liverpool Football Club fan as well!

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