Motorsport News

Alfa Romeo will run “very close” to F1 budget cap in 2022

Alfa Romeo will run close to F1 budget cap in 2022

F1 has embraced a cost cap to level things up between teams, with the spending cap for 2022 being trimmed back from the $145 million that teams had to play with last year.

And while Alfa Romeo has never had the kind of cash available as major manufacturer teams like Mercedes and Ferrari, its commercial situation does appear healthier now than it has been for a while.

Having secured backing from the Italian car manufacturer, and been boosted by sponsorship potential from Chinese rookie Guanyu Zhou, it finds itself close to the sweet spot for spending.

Speaking recently about the financial health of the team, team boss Fred Vasseur told Motorsport.com: “We still have some negotiations in progress, on the sponsor side and so on, but I think we’ll be very close to the budget cap.

“This is a mega opportunity for the company. I’m convinced of that. I’m not just speaking about the company, but even for the team, to know that you are at the limit. This is a different approach, different…

Click Here to Read the Full Original Article at Motorsport.com – All – Stories…