Christian Horner Mattia Binotto stage Racing penalties Christian Horner Mattia Binotto

Mercedes, Ferrari and Red Bull in agreement with 'no way' penalties can be avoided

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Red Bull, Ferrari and Mercedes are all in agreement with the desire to increase the budget cap for the 2022 season, with Ferrari chief Mattia Binotto declaring there's 'no way' penalties can be avoided.

Every team on the grid has a cost cap of $140m (£119m) for 2022, intended to increase competition across the field, but the current economic crisis has led to unexpected pressure and severe risk the regulations will be exceeded.Red Bull's Christian Horner has already warned that teams on the grid could be forced to miss as many as four races in order to adhere to the regulations and Binotto believes that even the top teams will be hit as there's 'no way' penalties can be avoided."I think that there will be no way for us to stay below.

So, I'm pretty sure that at some stage we will go over."In the regulations, there is a threshold, which is a 5 per cent. If you do not exceed the 5 per cent, on the top of what's the budget cap threshold, it will be considered a minor breach.

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