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F1 2022

F1 teams to receive extra allowance for 2023 Sprint races

Due to the increase in number of Sprint races, Formula 1 teams are set to receive an increase to their deductible costs.

Verstappen Russell Brazil sprintrace
To news overview © Getty Images / Red Bull Content Pool

Sprint races are now firmly part of the Formula 1 calendar, with their inclusion set to expand further for the 2023 season.

Six events are planned throughout the campaign, up from the three that have been held in both 2021 and 2022 as the new format is trialled.

There were some disagreements earlier in the year about the doubling of the number of the Saturday events, but terms were finalised between F1 and the FIA.

In the 2022 season, teams had an allowance of $150,000 USD per Sprint race to be deducted from the end of year costs, with a further $100,000 available for damage repair.

Given the number of Sprint races in 2022, this figure is set to increase.

Teams receive more money for Sprints

RacingNews365.com understands from sources on the F1 Commission that, from the 2023 campaign, teams will be able to deduct $300,000 USD from every Sprint race as costs.

This means across the six that are currently planned, a total of $1.8 million can be deducted by each squad towards running their cars in the extra events.

It follows on from teams making demands before the 2022 season had started for extra financial wriggle room in the cost cap era and the increased likelihood of cars sustaining damage in the Sprint events.

In a bid to "simplify" the Sprint regulations, it is intended to remove all other wording from the rulebook about such expenditure, and have it reading as teams being able to make the proposed $400k deduction per event.

The proposed changes will not come into force until they have officially been approved by the World Motor Sport Council - which is sitting today (Wednesday, 7th December).

			© XPB
	© XPB

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