News Details
F1 teams agree to reduce 2021 budget cap
F1 teams have agreed to a cost cap reduction Teams have agreed to reduce the budget cap set to be introduced into Formula 1 in 2021. Financial Regulations are set to be implemented for the first time in the sport's history next season. Originally it was planned to form part of a broader regulatory change with new Technical Regulations designed to improve the look of cars and increase the on track action. Those have been delayed until 2022, and possibly even 2023, in an effort to reduce costs to teams amid the COVID-19 pandemic. According to McLaren's Zak Brown, teams have now also agreed to lower the $175 million budget cap to just $150 million. He suggests that figure should come down...
Full Story »
Full Story »
4y ago from SpeedCafe.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
Smaller F1 teams target budget cap reduction to $100M!
Formula 1's smaller teams, who are most vulnerable to the sport's...
4y ago from F1i.com
‘Smaller teams want lower cap, Ferrari says no'
Formula 1's smaller teams are pushing for next year's budget cap to be...
4y ago from PlanetF1.com
Teams to discuss lower 2021 budget cap
Apr.3 Formula 1 teams are vowing to be "flexible" in order to...
4y ago from OneStopStrategy.com
Elsewhere On The Network
Popular On MGPToday.com
Jorge Martin: Crash out of Indonesian MotoGP Sprint...
Pramac’s Jorge Martin has admitted his crash out of the lead of the...
7h ago from MotorsportWeek.c...
Quartararo blames limitations of Yamaha package for...
No description available...
9h ago from Motorsport.com
Marquez rues qualifying woes and says he's not in...
No description available...
11h ago from Motorsport.com
Andrea Iannone crowned WorldSBK race 1 winner at Aragon
Andrea Iannone cemented his name in the World Superbikes history winner...
9h ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Rinus VeeKay now free agent for 2025 after confirming...
No description available...
4d ago from Motorsport.com
Confirmed: Michael Andretti transitioning out of...
No description available...
1d ago from Motorsport.com
Michael Andretti to transition away from operations at...
Andretti Global confirmed on Friday afternoon that the team’s CEO and...
1d ago from MotorsportWeek.c...
Rowe joins Abel Motorsports for 2025 Indy NXT run
No description available...
2d ago from Motorsport.com
Popular On TotalWRC.com
WRC Chile: Rovanpera overhauls Evans as thick fog...
No description available...
32m ago from Motorsport.com
Ogier concedes WRC title bid is over after Chile...
No description available...
3h ago from Motorsport.com
Evans holds WRC Rally Chile lead after failed Hyundai...
No description available...
10h ago from Motorsport.com
WRC Chile: Elfyn Evans sets the pace to hold off...
No description available...
6h ago from Motorsport.com
Popular On GunnersToday.com
“Arsenal will need him” - Martin Keown makes...
No description available...
1h ago from SportsKeeda.com
“‘Lucky Arsenal’ is a nice tag to have” -...
No description available...
1h ago from SportsKeeda.com
Arsenal 4-2 Leicester: Gunners player ratings as they...
No description available...
4h ago from SportsKeeda.com
“If someone wants to damage the relationship...
No description available...
3h ago from SportsKeeda.com
Comments
Hottest News
Verstappen confirms timeline for SHOCK test away from Red...
Max Verstappen has revealed a shock activity set... Read More »
3h ago from GPFans.com
Audi F1 project 'decide' on driver for 2025 in surprise...
The current Sauber-owned team, who will become... Read More »
7h ago from GPFans.com
Colapinto makes an impression on Marko: Could he join Red...
Christian Horner has been open about the fact Red... Read More »
1h ago from GPBlog.com
