Following a meeting of the World Motor Sport Council, F1 has announced the cost cap allowance for each sprint race for teams has been doubled for 2023. Full details on the changes below ⬇️
Since the introduction of F1 sprint races in 2021, teams have been given additional breathing room in the budget cap make up for the extra on-track running, as well as receiving an accident allowance for major incidents in the 100km Saturday events.
But following the latest World Motor Sport Council meeting in Bologna this week, the FIA announced that it will be doubling the allowance amount for sprint events for the next two years. Currently, each team receives an additional $150,000 allowance in the budget cap, as well as a further $100k allowance per car for accident damage sustained during a sprint, which could increase if the cost is greater than $100k.
George Russell, Mercedes W13, Lewis Hamilton, Mercedes W13, Max Verstappen, Red Bull Racing RB18, Lando Norris, McLaren MCL36, Sergio Perez, Red Bull Racing RB18, the rest of the field at the startTeams will now receive an additional $300k per sprint race weekend from 2023 onwards, but there will be no further adjustments for accident damage due to the increased safety net.
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