News Details
Budget cap vital for prospective new F1 teams - Chase Carey
Introducing a cost cap in Formula 1 is essential for prospective new entrants, according to the championship’s CEO Chase Carey. Formula 1 has long strived to introduce a limitation on spending and from 2021 teams will begin to be restricted, with a $175m ceiling – albeit one that does not include elements such as driver salaries, marketing and engine costs – to be implemented. Formula 1’s new-for-2010 teams were partly enticed into the championship on the promise of a budget cap that ultimately never materialised, and all dropped out of the sport without challenging for top positions. The championship’s only new entrant since – Haas – has used the...
Full Story »
Full Story »
5y ago from MotorsportWeek.com
0
You May Also Be Interested In...
Carey confirms budget cap 'dry run' for teams in 2020
Formula 1 CEO Chase Carey has confirmed that the spending of all ten F1...
5y ago from F1i.com
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
F1 teams to decide 2020 Spanish GP fate
Aug.2 It could be up to the teams whether Barcelona keeps its place on...
5y ago from OneStopStrategy.com
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
Elsewhere On The Network
Popular On MGPToday.com
How Bagnaia's task in Barcelona compares to Lorenzo,...
No description available...
4h ago from Motorsport.com
Ducati boss: You will have to shoot Martin for him to...
No description available...
4h ago from Motorsport.com
Acosta on first-lap Barcelona exit: Marquez came in as...
No description available...
19h ago from Motorsport.com
MotoGP Barcelona GP: Bagnaia takes vital sprint win to...
No description available...
23h 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...
3d 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...
2d ago from Motorsport.com
Hyundai's 2025 WRC car will feature "reasonable...
No description available...
6d 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 told to pay 50 million to sign Liverpool...
No description available...
1h ago from SportsKeeda.com
'That door is closed' – Former Arsenal star...
Former Arsenal star Robin van Persie has pretty emphatically ruled out...
3h ago from CaughtOffside.com
Interlull Sunday: Arsenal win the North London derby
Happy Sunday to you all. I see from looking around in a perfunctory...
5h ago from Arseblog.com
'We are not robots' - Arsenal star delighted that...
No description available...
7h ago from SportsKeeda.com
Comments
Hottest News
Why Haas won’t be able to run Oliver Bearman in F1’s...
Haas can no longer field Oliver Bearman in the... Read More »
54m ago from MotorsportWeek.com
F1 team announce NEW signing with official statement
Aston Martin have announced a new signing to the... Read More »
3h ago from GPFans.com
Which race should be dropped from the F1 calendar?
Which events and venues are included on the F1... Read More »
2h ago from RacingNews365.com