Quote:
Originally Posted by crmalcolm
Are we?
The reason I ask is that the FIA said this when the cap was introduced:
"Some teams currently spend more than [the cap] over a season – though not necessarily all on performance. Other teams spend nowhere near that amount for all of their activities combined."
What is the level that teams such as Haas and Sauber were spending before the cap?
Some estimates put their spending on performance elements as being less than $110M.
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There were reports after COTA that Steiner was saying that the sponsorship would bring them up to or close to the cost cap. That may be at the bottom end in a list of top to bottom for funding but I'm fairly sure that the lower teams are all within 5% of the cost cap for 2023.
That was the point of the exercise so with F1 becoming more self-sustaining overall having the lower teams in a state where they were at the cost cap or close to it creates a state where they all become self-sustainable. Their owners may contribute something to operations but essentially the stronger teams are actually able to be profit making centers for their owners or cost them relatively little.