F1 Chief, Stefano Domenicali, has acknowledged that some long-time members of Formula 1 are struggling to accept the new budget cap, but emphasized that it is vital for the sport’s competitiveness. Since 2021, teams have been restricted to a spending limit of $145 million, which will decrease further over the next two seasons. While the move was intended to level the playing field, Red Bull’s penalty for breaking the cap and still winning the 2021 Drivers’ Championship fueled criticism of the rule’s effectiveness.
