News Details

Liberty Media eyes F1 cost cap - report

©Wri2 US businessman John Malone, whose Liberty Media group is currently in the process of a takeover of Formula 1, plans on implementing a budget cap in the sport, according to a business report in The Telegraph. Cost control has been a recurring theme in F1 for many years as smaller outfits struggle to keep pace with ever-growing budgets. However, teams have never managed to reach any agreement and previous proposals have been ditched in the face of opposition from big constructors. In 2009, then FIA president Max Mosley wanted to establish a £40 million budget cap, an enticing prospect for the three outfits - Lotus Racing, Virgin Racing, and Hispania Racing F1 Team - set to enter the...
Full Story »
9y ago from F1i.com 0
Share

You May Also Be Interested In...

Liberty Media raises £1.2bn to support F1 takeover

 XPB Images Liberty Media has announced that it has reached...
9y ago from F1i.com

Liberty Media gets antitrust approvals for F1 takeover

Liberty Media has announced it has gained all the necessary approvals...
9y ago from GrandPrixTimes.com

Liberty takeover gets antitrust approvals

– Liberty Media has announced that it has now received the required...
9y ago from GPUpdate.net

Liberty planning F1 budget cap - report

Incoming Formula 1 owner Liberty Media is reported to be evaluating plans...
9y ago from Motorsport.com

Elsewhere On The Network

Popular On MGPToday.com

Popular On IndyCarToday.com

Jacob Abel moves from IndyCar to sports cars after one...

After one season competing in IndyCar, Jacob Abel will make a transition...
20h ago from MotorsportWeek.c...

Popular On TotalWRC.com

Popular On GunnersToday.com

How Arteta keeps his Arsenal squad happy - and why...

You never know how far away you are from a Mikel Arteta analogy - and then...
29m ago from SkySports.com

Opportunity knocks as the champions visit

Morning all. What was already a big game becomes even more crucial later...
2h ago from Arseblog.com

Arsenal to consider summer move for 100m-rated winger...

Arsenal are exploring the possibility of making a major summer move for...
3h ago from CaughtOffside.com

'You don't win the Premier League by January!' |...

Ahead of Liverpool's clash against Arsenal, Dominik Szoboszlai says The...
3h ago from SkySports.com

Comments

Hottest News

Recent News


2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.