Grand Prix racing’s chiefs are hoping to push on with plans to hold six sprint races this year, following the success of the experiments at Silverstone, Monza and Interlagos in 2021.
However, the green light has not yet been given because teams have yet to agree with F1’s commercial rights holder on a funding package for the races.
It is understood teams were paid an extra $100,000 per event for each sprint in 2021. They were also given a cost cap allowance of $450,000 for the three events, plus scope for an extra $100,000 per car for accident damage in the event of a serious incident.
For this year, it is understood that F1 does not want to offer any extra allowance for crashes. Instead, its initial offer was a straight $500,000 payment per team for the first five events, plus an extra $150,000 for each event above that. This effectively meant an extra $2.65 million for each team for the six races in 2022.
It is understood that this offer has not gone down well with the…
Click Here to Read the Full Original Article at Autosport.com – All – Stories…