Many teams will break budget cap says Binotto

Ferrari has joined Red Bull in pushing for an emergency increase to Formula 1’s $140 million team budget cap for 2022. Red Bull’s Christian Horner has warned that most teams will completely run out of money prior to the season finale due to rampant inflation. “Many teams will break the budget cap if it stays like this. Ferrari, though, sides with Red Bull, “as do many other teams”, said Binotto. “I’m sure a lot of us have issues with the budget cap,” he added. “All we can do as F1 is take our responsibility and expand the budget cap.”. Incredibly, however, Ferrari test driver Marc Gene has broken ranks to actually criticise Horner and Red Bull for pushing for more spending power.

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