Cost cap was heralded as a radical advance for F1, yet teams jointly negotiated a small increase for 2022 earlier this year. Here's an in-depth look at the 'borderline' comrpomise that helped stave off a crisis in the sport [Prime]
Following the introduction of Formula 1’s budget cap, the one thing which seemed inevitable was that its limits would soon be tested. Coping with factors inside F1 was one thing: financial allowances were made for the addition of sprint races and the ever-expanding nature of the calendar.
Turn to factors outside F1’s control, and the shrinking nature of the global village and its impact on every facet of staging a world championship becomes evident. COVID-19 proved that. F1 ground to halt in spring 2020 and is still dealing with the pandemic’s effects on global travel, supply chains and logistics.
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