A Porsche The announcement at the Austrian GP of his buying a stake in Red Bull Racing in the future has been postponed, likely until the end of the year when it is believed there will be an introduction on the Porsche stock exchange.
FIA F1 Executive Director Peter Bayer, High, suddenly quit the governing body in June, reportedly after a disagreement with FIA President Mohammed bin Sulayem over when to release regulations for F1’s 2026 power unit formula. He was replaced at short notice by Shaila-Ann Rao, former legal adviser to Mercedes’ Toto Wolff. Prior to that, she worked with the FIA as Legal Director. Ferrari’s Mattia Binotto has admitted he has “concerns” about someone associated with a rival team in the role. “It’s up to them to make sure there won’t be any conflicts of interest.” Meanwhile, the FIA has announced that Michael Masithe race director in charge of the controversial 2021 title GP, has left the organization to spend more time with his family.
Speculation on Daniel RicardoThe future of intensified. He is not expected to see his McLaren contract, which runs until the end of 2023. Although Colton Herta, right, tested for the team at Portimão, McLaren are reportedly keen to loan out Alpine reserve driver Oscar Piastri. Alex Albon may also feature in the McLaren equation.
The Cost cap 2022 was increased by 3.1% ($4.3 million) in response to challenges to top teams reaching the $140 million cap by much higher than expected inflation rates. It was a compromise between the top teams (who wanted a raise of about $8 million) and the smaller teams (who didn’t want a raise).