John Floyd
Motorsport columnist
3 minute read
9 Feb 2022
8:31 am

FLOYD ON F1: Top dogs not willing to run sprint races for peanuts

John Floyd

Stumbling block for Mercedes, Red Bull and Ferrari is the absence of accident damage compensation.

The top F1 teams seek financial peace of mind to cover accident damage during the 2022 sprint races. Picture: Getty Images

As the world awaits the start of the 2022 F1 season, it appears all is not well at camp Liberty Formula One. Last week I wrote of the strange move by the powers that be to remove live timing, live television coverage, spectators and the media from the first test session at Circuit de Barcelona-Catalunya. No explanations have been forthcoming. ALSO READ: FLOYD ON F1: Cloud of secrecy hangs over new cars More significant is this season’s budget cap reduction. Last year the cap was set at $145 million (R2.24 billion). This season it is $140 million, which will further...