● Unexpected levels of inflation are putting F1’s recently-introduced cost cap at risk. Ferrari, Mercedes and Red Bull are all already at or beyond the nominal $140m spend laid out in the regulations and are requesting an extension of around $9m for the season. The FIA and Liberty support this but it requires a ‘super-majority’ agreement of the teams. Haas, Williams, Alpine and Alfa Romeo are all against it, so it cannot currently be granted. It will likely be incorporated for 2023, as that requires only a simple majority. If teams break the cap, financial or sporting penalties can be applied. But with the FIA in support of extending the cap, it is not believed these would be crippling.