News Details

Abiteboul: F1 needs to include salaries in the cap

Renault Formula 1 chief Cyril Abiteboul says Formula 1 is debating whether to add drivers' salaries to future budget caps. At present the team bosses are considering a proposal that would see the cap set at $145 million for 2021, falling to $140m for 2022 and $135m for 2023. That, though, won't cover all the teams' costs. While the various things such as engines and marketing is excluded from the cap, so too are the salaries of each team's top three employees and also the drivers' salaries. In Renault's case the latter, at least for 2020, means an extra $20m for Daniel Ricciardo for 2020 and $5m for Esteban Ocon. Mercedes has the largest wage bill of $48m. Abiteboul is keen to see drivers'...
Full Story »
4y ago from PlanetF1.com 0
Share

You May Also Be Interested In...

Virtual Grand Prix of Monaco has record number of...

Next Sunday there will be another virtual Formula 1 race to follow and...
4y ago from GPBlog.com

Formula 1 without a German driver is 'absolute...

Formula 1 has had a German driver for many years and often in plural, but...
4y ago from GPBlog.com

F1 drivers will be rusty as hell in Austria –...

Reigning World Champion Lewis Hamilton says Formula 1 drivers will be...
4y ago from MotorsportWeek.com

Drivers have been very active in F1 discussions...

Formula 1’s drivers have been “very active” in discussing the...
4y ago from MotorsportWeek.com

Elsewhere On The Network

Popular On MGPToday.com

Popular On IndyCarToday.com

Juncos Hollinger shows off new-look livery for 2025...

Juncos Hollinger Racing unveiled a new look for the 2025 NTT IndyCar...

IndyCar takes over promotion of Nashville event

IndyCar’s Music City Grand Prix will be promoted internally by IndyCar...

Scott McLaughlin on track to repeat Supercars success...

After spending the last four years moving up the ranks in the NTT IndyCar...

Christian Lundgaard hails ‘pure racing’ aspect of...

Christian Lundgaard is beginning his fourth full season driving in the...

Popular On TotalWRC.com

Popular On GunnersToday.com

Champions League Q&A - why seeding matters and who...

Just one round of matches remains in the league phase of the Champions...
1h ago from SkySports.com

Papers: Gomes calm on Lille future amid Arsenal...

The top stories and transfer rumours from Monday's newspapers...
1h ago from SkySports.com

Arsenal in talks to sign Nypan

Arsenal are in talks with Norwegian side Rosenborg over a deal for...
1h ago from SkySports.com

Comments

Hottest News

Recent News


2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.