News Details
Budget cap: Carey turns up the heat on F1 teams
Formula 1 CEO Chase Carey, supported by the FIA, has put the pressure on the sport's top teams to accept a revised budget cap set to be introduced from 2021. After a year of talks, mediation and endless negotiations over the future of Grand Prix racing between F1's commercial rights holder, the FIA and the teams, Liberty Media got tough last week in Geneva at an F1 Strategy Group meeting. According to reports from Auto Motor und Sport's Michael Schmidt, Mercedes and Ferrari's hopes of securing an increase of the final threshold of F1's prospective cost cutting plan from $150m to $200m have been trounced by Liberty's unilateral decision to cap the upper limit at $135m! Teams' entry fees for...
Full Story »
Full Story »
You May Also Be Interested In...
F1 teams consider lobbying UK government as hard...
Formula 1 teams based in the UK are hoping an initiative by Britain's...
5y ago from F1i.com
Teams' entry fees for the 2019 world championship...
Formula 1's ten teams will fork out an aggregate amount of $17.4 million...
5y ago from F1i.com
F1's 2019 wing changes a ‘big hit' to teams
We, for good reason, have been focused on the 2020 regulation changes but...
5y ago from TheParcFerme.com
Formula 1 reports rise in TV viewership for 2018
Formula 1's TV and digital viewership figures increased for the second...
5y ago from F1i.com
Elsewhere On The Network
Popular On MGPToday.com
Gigi Dall'Igna confesses that Ducati MotoGP will be...
Ducati general manager Gigi Dall’Igna confesses that Ducati will be...
57m ago from MotorsportWeek.c...
Acosta on Ajo appointment as KTM team manager: 'Nobody...
No description available...
1h ago from Motorsport.com
Honda transfers technical director Kawauchi to its...
No description available...
3h ago from Motorsport.com
Miller: Ajo will bring “pull and power” to KTM in...
No description available...
4h ago from Motorsport.com
Popular On IndyCarToday.com
Jamie Chadwick completes ‘incredible’ maiden...
Jamie Chadwick completed her first NTT IndyCar Series test earlier this...
20h ago from MotorsportWeek.c...
Rinus VeeKay now free agent for 2025 after confirming...
No description available...
1w ago from Motorsport.com
Alex Palou officially accepts title at IndyCar’s...
The NTT IndyCar Series held its annual post-season Victory Lap...
1d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Alonso: Third F1 title my "only priority",...
No description available...
1d ago from Motorsport.com
Ekstrom joins Ford’s Dakar team for 2025 after Audi...
No description available...
1d ago from Motorsport.com
Tanak: Neuville is “not safe yet” in WRC title...
No description available...
2d ago from Motorsport.com
Popular On GunnersToday.com
Arsenal watch two world class talents during Champions...
Arsenal reportedly had scouts present last night to watch both Dusan...
37m ago from CaughtOffside.com
Premier League star pictured watching Arsenal vs PSG...
West Ham United star Mohammed Kudus will have raised one or two eyebrows...
1h ago from CaughtOffside.com
Arsenal vs Southampton Prediction and Betting Tips |...
No description available...
2h ago from SportsKeeda.com
Arsenal exit is proving to be a nightmare for player...
There is a belief that players often do well when they leave Arsenal and...
1h ago from CaughtOffside.com
Comments
Hottest News
Red Bull confirm Perez RELEASE ahead of Mexico GP
Red Bull have made an announcement ahead of the... Read More »
4h ago from GPFans.com
F1 News Today: Red Bull announce Perez release as F1 star...
Red Bull have made an announcement ahead of the... Read More »
1h ago from GPFans.com
Aston Martin announce ‘RECORD-BREAKING’ new signing
Aston Martin have added more world-class talent... Read More »
3h ago from GPFans.com