News Details
Carey confirms budget cap 'dry run' for teams in 2020
Formula 1 CEO Chase Carey has confirmed that the spending of all ten F1 teams will be monitored next season, a year ahead of the formal introduction of the sport's $175m budget cap. F1, the FIA and the teams have agreed on cost cutting measures from 2021, with spending capped at $175m. However, the number excludes a series of significant items, including drivers' salaries, engine costs and marketing expenses. But properly policing the budget cap by the sport's legislators is obviously crucial to its reliable implementation. Formula 1 enjoys increase in revenue for second quarter 2019 Formula 1 will therefore undergo a "dry run" in 2020, with teams invited to open their books for...
Full Story »
Full Story »
You May Also Be Interested In...
Next F1 season will be used as a test for the budget...
One of the biggest talking points outside of car design is the budget...
5y ago from GPBlog.com
Teams Agree to Expand Formula 1 Calendar to Twenty-Two...
Formula 1 looks set to have its longest ever season
in 2020, with teams...
5y ago from TheCheckeredFlag....
F1 agrees to cost cap but will $175M bring new teams?
I was reading an article over at Autosport today about the proposed cost...
5y ago from TheParcFerme.com
Engine allocation could decide 22-race calendar for...
The prospect of the Spanish Grand Prix remaining on F1's schedule in 2020...
5y ago from F1i.com
Elsewhere On The Network
Popular On MGPToday.com
Martin fine with Bastianini’s last-lap move in...
No description available...
13h ago from Motorsport.com
Acosta on first-lap Barcelona exit: Marquez came in as...
No description available...
11h ago from Motorsport.com
MotoGP Barcelona GP: Bagnaia takes vital sprint win to...
No description available...
15h ago from Motorsport.com
How Jorge Martin and Francesco Bagnaia can win the...
No description available...
14h ago from Motorsport.com
Popular On IndyCarToday.com
Despite three IndyCar titles, Palou feels incomplete...
No description available...
2d ago from Motorsport.com
Penske Entertainment buys Grand Prix of Long Beach
No description available...
2d ago from Motorsport.com
Penske purchases Grand Prix Association of Long Beach
Penske Entertainment announced Thursday that it has acquired the Grand...
2d ago from MotorsportWeek.c...
AJ Foyt technical director Michael Cannon leaves team
Michael Cannon, AJ Foyt Racing’s revered engineer and technical...
4d ago from MotorsportWeek.c...
Popular On TotalWRC.com
WRC drops hybrid power as part of 2025 Rally1 refresh
No description available...
1d ago from Motorsport.com
Croatia strikes new deal to rejoin WRC in 2026
No description available...
1d ago from Motorsport.com
Hyundai's 2025 WRC car will feature "reasonable...
No description available...
5d ago from Motorsport.com
What Lancia needs to do to transform its rally return...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Arsenal send scouts to monitor 21-year-old LaLiga star...
No description available...
5h ago from SportsKeeda.com
“He’s never hiding” - Kai Havertz names Arsenal...
No description available...
10h ago from SportsKeeda.com
Alan Shearer refuses to pick any Arsenal or Manchester...
No description available...
10h ago from SportsKeeda.com
Man United transfer news: Viktor Gyokeres speaks out...
Sporting Lisbon centre-forward Viktor Gyokeres addresses suggestions that...
11h ago from SportsMole.co.uk
Comments
Hottest News
F1 legend Brundle shares EMOTIONAL goodbye message
Formula 1 legend Martin Brundle has shared an... Read More »
13h ago from GPFans.com
Verstappen F1 history assured thanks to remarkable stat
Max Verstappen looks headed to a... Read More »
25m ago from RacingNews365.com
Horner receives EMOTIONAL message from wife Geri Halliwell
Red Bull Formula 1 boss Christian Horner has... Read More »
8h ago from GPFans.com
