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...
7y 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...
7y 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...
7y 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...
7y ago from F1i.com
Elsewhere On The Network
Popular On MGPToday.com
No new Yamaha MotoGP engine until after French GP,...
No description available...
1d ago from Motorsport.com
Aprilia on dominant MotoGP start: 'Ducati isn’t...
No description available...
2d ago from Motorsport.com
Davide Tardozzi: Ducati 'slapped in the face' by...
No description available...
2d ago from Motorsport.com
MotoGP: Qatar GP ‘unlikely', but a ‘plan...
MotoGP Sports Entertainment Group has admitted that the Qatar Grand Prix...
2d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
David Malukas earns Phoenix IndyCar pole as Will Power...
No description available...
16h ago from Motorsport.com
IndyCar veterans praise Mick Schumacher for...
No description available...
14h ago from Motorsport.com
IndyCar's David Malukas eager to convert Phoenix pole...
No description available...
13h ago from Motorsport.com
IndyCar Phoenix – Qualifying Results
IndyCar’s busy Friday continued with a single-car, two-lap qualifying...
16h ago from MotorsportWeek.c...
Popular On TotalWRC.com
Why Hyundai WRC team is "working at 120 per...
No description available...
1d ago from Motorsport.com
Lando Norris samples Toyota rally car alongside Oliver...
No description available...
4d ago from Motorsport.com
Lancia rally legend Sandro Munari passes away aged 85
No description available...
6d ago from Motorsport.com
Popular On GunnersToday.com
'Delighted to see it', 'Locked in' - Arsenal fans...
It’s all smiles and delight for a section of Arsenal fans after Max...
1h ago from SportsKeeda.com
Mansfield Town v Arsenal – live blog
Join us for live blog coverage of our FA Cup 5th round clash away to...
1h ago from Arseblog.com
Mansfield v Arsenal: FA Cup fifth round – live
FA Cup fifth round news from the 12.15pm GMT kick-off<br>⚽ <a...
1h ago from TheGuardian.com
'We could lose him' – Ray Parlour predicts...
Former Arsenal midfielder Ray Parlour has made it clear that Gabriel Jesus...
2h ago from CaughtOffside.com
Comments
Hottest News
FIA announce late Mercedes penalty verdict after front row...
The FIA have confirmed a late penalty verdict for... Read More »
3h ago from GPFans.com
Leclerc suggests that Mercedes might not have shown their...
Despite an absolutely dominant display from... Read More »
48m ago from F1Technical.net
Lewis Hamilton warns F1 2026 could be ‘done' amid...
Lewis Hamilton has warned the 2026 F1 season... Read More »
2h ago from MotorsportWeek.com
