News Details
F1's cost cap should be at least $50m/year lower - Guenther Steiner
Haas boss Guenther Steiner reckons Formula 1’s cost cap should be at least $50m per year lower, following the ratification of the 2021 regulations. Formula 1 will introduce a yearly cost cap of $175m from 2021 in a bid to curb spending, though several factors such as driver salaries, marketing and heritage costs are not included. The majority of Formula 1 teams already operate on an annual budget far less than $175m, and Steiner believes that a lower cap would facilitate fundamental changes. “We should have the budget cap lower, then you wouldn’t need to make cost savings, then the better job you do with your own cost savings, instead of being told we have to save...
Full Story »
Full Story »
6y ago from MotorsportWeek.com
0
You May Also Be Interested In...
Ferrari want a budget cap which covers the engine
In 2021, the intended budget cap is $175 million per year. Mercedes and...
6y ago from GPBlog.com
F1's budget cap to see driver salaries soar
It has been predicted that Formula 1 drivers may end up being paid even...
6y ago from GPFans.com
Villeneuve denounces budget cap as 'pure socialism'
Former Formula 1 world champion Jacques Villeneuve had come out strongly...
6y ago from F1i.com
Ferrari CEO wants 2021 clarity, eventual cap on engine...
Ferrari CEO Louis Camilleri says Formula 1 is “not even at the end...
6y ago from MotorsportWeek.com
Elsewhere On The Network
Popular On MGPToday.com
Johann Zarco gives MotoGP injury update after Grand...
Johann Zarco remains sidelined from MotoGP action, but the French rider...
40m ago from MotorsportWeek.c...
Jorge Martin not thinking about MotoGP title despite...
No description available...
19h ago from Motorsport.com
Aprilia: Marco Bezzecchi coping well with pressure but...
No description available...
22h ago from Motorsport.com
Iker Lecuona returns to MotoGP to replace Alex Marquez
No description available...
2d ago from Motorsport.com
Popular On IndyCarToday.com
Pato O’Ward finding consistency amid Arrow McLaren...
No description available...
15h ago from Motorsport.com
Graham Rahal rebounds from early hit-and-spin to take...
No description available...
2d ago from Motorsport.com
Graham Rahal fumes over ‘completely unnecessary’...
On Sunday’s race in downtown Detroit, it seemed that Graham Rahal was...
2d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Oliver Solberg highlights area he must “work on”...
No description available...
23h ago from Motorsport.com
Hyundai drivers relieved asphalt WRC season is over...
No description available...
1d ago from Motorsport.com
Why Sebastien Ogier couldn’t take the fight to Elfyn...
No description available...
3d ago from Motorsport.com
Popular On GunnersToday.com
Sources: Arsenal offered 60m forward transfer, Man...
One big name looks set to be available for around 60m this summer, and...
2h ago from CaughtOffside.com
Former Liverpool star predicts Arsenal to drop to 4th,...
Former Liverpool striker Emile Heskey expects his old club to bounce back...
1h ago from CaughtOffside.com
This week’s soccer questions: where next for Arsenal...
look at Mikel Arteta’s next steps, Liverpool potentially missing out on...
1h ago from TheGuardian.com
'Contact' made – Real Madrid ask about 'very...
Real Madrid have reportedly recently made contact over the potential...
3h ago from CaughtOffside.com
Comments
Hottest News
Red Bull Powertrains ‘learning fast’ but gap to leaders...
Red Bull Ford Powertrains may have celebrated a... Read More »
50m ago from F1i.com
Kimi Antonelli voices George Russell fear about Toto Wolff
Kimi Antonelli and George Russell fought hard at... Read More »
50m ago from RacingNews365.com
The real Michael Schumacher: F1 legend's generosity did not...
On track Michael Schumacher was a hard-nosed... Read More »
2h ago from GPFans.com
