The Formula 1 world has introduced a budget cap to create a level playing field. It was $175 million for the 2021 season and will be $140 million for the upcoming season. Mercedes is a team that provides engines for Aston Martin, Williams and McLaren on the grid and their team boss has an interesting offer. Toto Wolff has stated that the budget cap for power unit manufacturers should be around $70 million. The Austrian boss mentioned that it should be implemented from the moment the new engine was made.
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Toto Wolff names a number that engine manufacturers should have in F1
For a long time, teams spent huge sums of money on their cars. However, with a budget cap set, everything changed. The Silver Arrows team boss also comments on how the value should look for teams that are engine manufacturers like Mercedes.
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Formula One F1 – Monaco Grand Prix – Circuit de Monaco, Monte Carlo, Monaco – Mercedes Managing Director Toto Wolff at the FIA press conference FIA/Handout via REUTERS
When asked by Auto Motor und Sport about a budget cap for engine suppliers, Wolff replied: “At $70 million. From the moment the new engine is ready.”
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McLaren boss reveals F1 team’s budget cap demands
The budget cap wasn’t the only novelty in F1 in 2021. The sport also introduced sprint racing at the British GP, Italian GP and Brazilian GP. As the teams needed to compete in more races, they wanted to increase the budget.
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When the sport offered to pay part of the sprint race earnings, McLaren CEO Zak Brown reveals how much one of the teams was asking.
Speaking to the BBC: “A couple of teams, one team in particular, wanted a $5m budget increase, which was just ridiculous.” And no rationale behind it. When you’ve challenged them, they go to what ifs and coulds and you have to anticipate. They sit there and say, “That’s just nonsense,” Brown concluded.
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For the upcoming season with a budget cap of $140 million. How do you think this will affect the web? Do let us know your thoughts in the comment section below.
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