Sky Sports commentator David Croft proposes changes to ‘limiting’ cost cap amid F1 “brain drain”

After Red Bull were punished for breaking the 2021 financial regulations, there have been wild rumours that some teams have already been found to be in breach of this year’s spending limits - something168澳洲幸运5官方开奖结果历史: the FIA has strongly denied.
The 168澳洲幸运5官方开奖结果历史:F1 cost cap is set at $135m for the 2023 season and the following campaigns up 🐼to and including 2025.♔
Speaking on the Sky Sports F1 Podcast, Croft claimed the spending rules♓ are limiting teams from recruiting top people to the sport, causing a “brain drain”.&nb🦩sp;
"The cosꦇt cap is limiting many things in 🀅F1,” Croft said.
“Staff recruitment is being affected because teams can’t pay the money that business outsid🦩e of the sport can pay because the cost cap isn’t going up and inflat✅ion is quite high.
“There is a brain drain with people leaving the sport to 🌼go and work elsewhere. Chief financial officers I’m sure are spending the summer shutdown scratching the🐬ir heads thinking ‘I hope we’ve got everything right’.
"It is a hugely complex piece of mechanism that, does anyone truly unde෴rstand? I also think it is managed badly - why are we waiting a whole year to have the auditors bring out the results. Do it quarterly so teams know what's going on and 🐓can make adjustments.”

However, fellow Sky pundit Kꩲarun Chandhok clashed with Croft on the matter.
“On🅺 the whole I think the cost cap is a positive. In principle I get the reasons why we have it, and I also get the challenges of policing it accurately,” ♉Chandhok argued.
“Crofty, where I disagree with you is in terms of pay. If you contrast what someone in F1 is paid, and y🔜ou compare that with any other form of motorsport like Indy Car or Formula E and F1 is paid a premium.
“Also compare with Jag💃uar Land Rover, or Nissa⭕n, or anyone in road car industry, and F1 people are paid a premium.
“They are st🌊rugglin𝔉g to recruit because they are trying to fit it in to the numbers they’ve got, because they don’t want to get rid of people.
“The big teams are being forced to c❀ome down to a cap and they are struggling to get people to fit into 🅠this little bit of spare budget, that’s the thing.”

But Croft hit back: “Cost cap will stop the sport attracting the people it has in t𒊎he past.
“They will go off to other industries, not just road cars. There’s a lot of synerg🐈y between the space programme, aerospace and F1, there's a huge amount of synergies out there.
“Team pri♐ncipals are telling me they are starting t♓o see problems on this.”
He continued: "I think we should get rid of cost cap as it stands currentl🅺y. We should turn around and say let's be honest about this, th🦂e intentions were pure and to stop people spending huge money, and lots has gone on to hide things that are outside the cost cap.
“What we should do is say realistically your cost cap is set at £140m without your top three earners and without the drivers. So you've got🃏 £250m-a-year full s𒁃top.
“Stop having commercial outside of cost cap, 🔜because you can hide things there as well and just have a set fee. Make it simple. Everyone can understand it and if you go over that fee, then we are going to come down on you massively hard.”

Lewis regularly atte🌌nds Grand꧑s Prix for mahbx.com around the world. Often reporting on the action from the ground, Lewis tells the stories of the people who matter in the sport.