“I want my people to be well paid” : Toto Wolff demands immediate action regarding raising the budget ceiling
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Toto Wolff
Mercedes has attempted to clarify why, like rivals Red Bull Racing and Ferrari, they feel it is essential to lift the $140 million budget cap. Everything has become much more exorbitant, and estimates made heading into the season may be thrown out as a direct consequence.
Toto Wolff is making another push for an increment in the highest spending plan in 2022. Mercedes, Ferrari, and Red Bull have banded together, trying to claim that rising fuel prices and money supply have caused everything to become massively more cost prohibitive.
The teams are already bringing fewer replacement parts to Grands Prix, but Red Bull has stated that it cannot be explicitly ruled out that they will have to skip Grands Prix due to increasing costs.
No escaping an increase in the maximum money to be spent: Toto Wolff
The midfield teams, spearheaded by Alpine, Alfa Romeo, and Williams, are adamantly opposed to an increment in the budget cap. The teams believe there is no concern of unforeseen circumstances and simply suggest that the competition release fewer updates to keep costs as low as possible.
In an interview, Austrian Mercedes team principal Toto Wolff stressed that the Brackley-based racing team Mercedes is not seeking to take added benefit of a potential increase in the budget cap.
The team boss shares those concerns of his colleagues: “That would be the worst thing for the sport.” Nevertheless, in his view, there is no escaping an increase in the maximum money to be spent.
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Rishika Saha
(445 Articles Published)