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F1 approves increase in budget cap for Inflation

Abhishek Sandikar Author

Published on - 9 July 2022 2:42 pm

Formula One has decided to implement a small increase to its $140 million per team annual budget cap on Friday. This measure is to help with the burden of inflation and rising energy and freight bills. The governing body’s proposal allowed for ”indexation at a limited rate of 3.1%”.

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