During his tenure as series CEO, Jamie Reigle has targeted greater financial restrictions as one of his top priorities in response to the pandemic and three manufacturers leaving.
Approved at the most recent meeting of the FIA World Motor Sport Council earlier this month, as of 1 October 2022 race teams will be permitted to spend €13 million per season.
This will rise to €15 million for the 2024-25 season and beyond to account for driver salaries.
Meanwhile, powertrain manufacturers now have a limit of €25 million over two consecutive seasons to cover research and development, meaning a works team will have a total of €51 million to spend over two years.
But Roger Griffiths, team principal of the newly independent Andretti Autosport entry following the short-notice departure of powertrain partner BMW, reckoned a figure under €13 million would have garnered support.
He told Autosport: “It depends, obviously, on the size of your organisation as to how difficult the…
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