News Details
‘Smaller teams want lower cap, Ferrari says no'
Formula 1's smaller teams are pushing for next year's budget cap to be lowered to '$100 million' with the topic up for discussion on Monday. Formula 1 is facing its worst financial crisis is over a decade with many teams feeling the pinch. This has already led to McLaren furloughing staff with the drivers taking pay cuts while Lewis Hamilton and the Ferrari team-mates have reportedly also offered to take a wage reduction. However, not all the teams have drivers that earn salaries large enough to make a difference. As such Auto Motor und Sport reports that the smaller teams are calling for next year's budget cap to be lowered from $170 million to ‘$100 million'. They also want all the...
Full Story »
Full Story »
4y ago from PlanetF1.com
0
You May Also Be Interested In...
F1 teams meet Monday: Small teams want even lower...
The Formula 1 season is still at a standstill and that has consequences...
4y ago from GPBlog.com
Szafnauer: Savings of £10 million are possible
Formula 1 teams can save up to £10 million on car development if the...
4y ago from GrandPrix247.com
Racing Point sees £10 million of potential savings...
Racing Point team boss Otmar Szafnauer believes teams could save up to...
4y ago from F1i.com
Szafnauer: 'Crucial' for smaller teams to have...
Racing Point team boss Otmar Szafnauer says the amount of parts teams...
4y ago from F1i.com
Elsewhere On The Network
Popular On MGPToday.com
Quartararo lost Yamaha's best 2024 result by running...
No description available...
4h ago from Motorsport.com
Frustrated Jorge Martin says Enea Bastianini Misano...
A frustrated Jorge Martin felt that Enea Bastianini's last-lap Misano...
1h ago from MotorsportWeek.c...
Why it’s time for Martin to get his gloves off in...
No description available...
6h ago from Motorsport.com
Francesco Bagnaia: Misano MotoGP crash ‘out of...
Ducati’s Francesco Bagnaia says that his crash at his home MotoGP race...
7h ago from MotorsportWeek.c...
Popular On IndyCarToday.com
IndyCar announces new charter system for team owners
The NTT IndyCar Series has announced the establishment of a new charter...
4h ago from MotorsportWeek.c...
Rinus VeeKay parts with ECR after five IndyCar seasons...
Rinus VeeKay confirmed on Monday that he will not continue as a driver...
24m ago from MotorsportWeek.c...
IndyCar's long-awaited charter system is finally...
No description available...
5h ago from Motorsport.com
FBI descend on Rahal Letterman Lanigan Racing base
According to multiple reports, the Federal Bureau of Investigation (FBI)...
3d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Inside the WRC’s search for its next Michele Mouton
No description available...
3d ago from Motorsport.com
WRC selects women’s driver development programme...
No description available...
4d ago from Motorsport.com
No pressure on Pajari after surprise Toyota Rally1...
No description available...
1w ago from Motorsport.com
Latvala: Toyota needs three full-time WRC drivers in...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
“Arsenal have got this one right” - Pundit hails...
No description available...
54m ago from SportsKeeda.com
Man City vs. Arsenal: Kyle Walker speaks out on free...
Manchester City defender Kyle Walker admits to being perplexed as to how...
4h ago from SportsMole.co.uk
Arsenal's Gabriel breaks silence on Erling Haaland...
Arsenal centre-back Gabriel Magalhaes warns Manchester City that the...
2h ago from SportsMole.co.uk
Arsenal left sweating over 29-year-old star’s...
No description available...
2h ago from SportsKeeda.com
Comments
Hottest News
F1 News Today: Mercedes CANCEL Hamilton commitment as...
Lewis Hamilton has had an F1 commitment cancelled... Read More »
54m ago from GPFans.com
Ricciardo F1 career NOT over as opportunities prepare to...
It wasn’t quite so obvious in Singapore, but... Read More »
7h ago from GPFans.com
Horner reveals shock Red Bull driver TARGET amid poor Perez...
Christian Horner has admitted a ‘foolish’ Red... Read More »
11h ago from GPFans.com