Formula 1 cost cap allegedly breached by six teams, according to Christian Horner

According to Red Bull team principal Christian Horner and chief advisor Helmut Marko, as many as six Formula 1 teams could be in breach of the cost cap for the 2022 season. In 2021, Red Bull themselves were found to have breached the budget cap and were fined £6 million while losing 10% of their car development time. Last year’s sums submitted on 31st March have raised concerns within the paddock, and due to the tough economic climate and inflation, there are worries that several teams could break the £111 million cost cap figure this year as many have stated during F1 commission meetings. F1 chief executive Stefano Domenicali hopes the process of publishing each team’s financial records will be finalised before the F1 summer break in August.