Christian Horner calls for F1 budget cap rethink: "Teams are spending $500 or $600m"

Formula 1 team principal Christian Horner has called for a reassessment of the sport's current budget cap regulations. Arguing that the existing limits are insufficient, Horner claims that major teams are effectively spending between $500 million and $600 million annually.

Since 2021, Formula 1 has enforced a financial ceiling designed to restrict seasonal spending and level the competitive playing field, with the cap initially set at $145 million before reaching the current $215 million limit.