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P1racenews AI automatic summary:
Cost cap revelation comes to light after F1 team admit running close to limit
Gene Haas, the owner of the Haas F1 team, has acknowledged that they are nearing the cost cap limit and refuted suggestions that they spend less money than other teams. In his response, Haas emphasized that they are “pretty darn close” to the limit, indicating that they are indeed spending a significant amount. This statement suggests that despite claims, the team is not operating on a drastically smaller budget compared to their competitors. Haas’s admission sheds light on the financial considerations and challenges faced by Formula 1 teams in adhering to the new cost cap regulations.
