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...
6y 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...
6y 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...
6y 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...
6y ago from F1i.com
Elsewhere On The Network
Popular On MGPToday.com
What riders are back on the MotoGP grid for Czech GP?
No description available...
6h ago from Motorsport.com
German GP signs deal to remain on MotoGP calendar...
The organisers of the German GP have announced that the race will remain...
11h ago from MotorsportWeek.c...
Fabio Quartararo bemoans Yamaha’s ‘zero...
Fabio Quartararo admits his Yamaha currently has “zero potential”...
11h ago from MotorsportWeek.c...
Marc Marquez: ‘I prefer to be pessimistic’ about...
Marc Marquez admits he prefers to be “pessimistic” over his chances...
1d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Ed Carpenter Racing announces new Westfield...
No description available...
41m ago from Motorsport.com
Why it isn’t “unrealistic” for Alex Palou to...
No description available...
4h ago from Motorsport.com
Ed Carpenter Racing to build new IndyCar headquarters...
Ed Carpenter Racing announced on Tuesday that it will begin building a...
6h ago from MotorsportWeek.c...
Alex Palou opens ‘all the options’ in Ganassi’s...
Alex Palou won his seventh IndyCar race of the season on Sunday,...
1d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Ed Carpenter Racing announces new Westfield...
No description available...
41m ago from Motorsport.com
NASCAR suspends two crew members for Cody Ware loose...
No description available...
31m ago from Motorsport.com
Why it isn’t “unrealistic” for Alex Palou to...
No description available...
4h ago from Motorsport.com
The winners and losers from F1's aerodynamic testing...
No description available...
6h ago from Motorsport.com
Popular On GunnersToday.com
Arsenal latest: 'Nwaneri contract talks enter final...
No description available...
2h ago from SkySports.com
Super-agent working to bring 'most gifted' Arsenal...
Rodrygo Goes continues to be linked with a move away from Real Madrid, and...
6h ago from CaughtOffside.com
“I am flabbergasted by Arsenal signing of him' -...
Paul Merson has slammed Arsenal for agreeing a deal to sign Noni Madueke...
5h ago from SportsKeeda.com
Merson 'shocked' by Madueke signing - 'Are Arsenal...
In his latest column, Sky Sports' Paul Merson dissects Arsenal's transfer...
8h ago from SkySports.com
Comments
Hottest News
F1 News Today: Shock Aston Martin exit to open door for...
George Russell's long-term F1 future with... Read More »
17h ago from GPFans.com
Sky F1 star Naomi Schiff emotional as she teases major...
Sky Sports F1 presenter Naomi Schiff has teased... Read More »
1h ago from GPFans.com
Christian Horner handed Toto Wolff warning as Max...
Nothing less than the very best from the... Read More »
2h ago from RacingNews365.com
