McLaren team principal Andreas Seidl thinks that a “clearly defined solution” is needed in order to deal with the budget cap issues.
A couple of F1 teams, including McLaren, admitted that they would not be able to comply with the current budget cap because of high inflation. Adjustments to the cost cap were proposed, but the idea was not supported by other teams.
The matter is set to be discussed during the F1 Commission meeting in Austria. Seidl expects that the issue will be solved.
“I’m still confident that in the end we’ll find a good solution for the best interest of the sport moving forward,” he said.
“There are several teams, including us, that due to the unexpected circumstances and with big consequences on the financial side that are simply not in a position to make the cap this year.
“With knowing that, again, I think the best [option] would be to address the situation and put a clearly defined, say, solution in place.
“The FIA did an intense analysis with all teams, I would say in the last month, to have a clearer picture of what the reality is, and these unexpected big cost increases, which have nothing to do with the normal inflation. Mainly on the freight side, and utility bill side.
“And based on that, I guess, the FIA has a clear idea of what is sensible and what is reasonable.”