News Details
Teams officially agree to a reduced cost cap for 2021
A cost-cutting package for the 2021 season has been agreed upon by Formula 1 teams, the package including a reduced $145 million cost cap. In a vote, teams agreed to drop the originally planned cost cap of $175m by $30m to just $145m. This figure has been public knowledge for some time, but now Formula 1 officials can take the regulation to the FIA world motorsport council for the final seal of approval. Article continues under video Ferrari are believed to have been the team most opposed to a reduced cost cap, with team principal Mattia Binotto publicly saying that the introduction of this cap could, "put [Ferrari] in a position of having to look at other further options for...
Full Story »
Full Story »
5y ago from GPFans.com
0
You May Also Be Interested In...
F1 teams set for $145M cost cap, radical aero handicap...
According to reports, Formula 1, the FIA and the teams have agreed to a...
5y ago from TheParcFerme.com
Formula 1 to vote on cap, other rule changes on Friday
Formula 1 is set to vote on a raft of regulation changes on Friday, most...
5y ago from GrandPrix247.com
Formula 1 teams approve cost-cap, other changes
Formula 1 is set to move forward with a $145 million budget cap...
5y ago from GrandPrix247.com
F1 to unveil huge cost-cutting package, including...
Formula 1 teams have reportedly signed off on a huge package of...
5y ago from MotorsportWeek.com
Elsewhere On The Network
Popular On MGPToday.com
Miguel Oliveira: I did my best to stay in MotoGP but...
No description available...
21h ago from Motorsport.com
Jorge Lorenzo shares his ‘theory' on the cause...
Five-time MotoGP champion Jorge Lorenzo believes that multiple factors...
1d ago from MotorsportWeek.c...
How Aprilia believes it “overreached our target”...
No description available...
1d ago from Motorsport.com
Pedro Acosta brands 2025 MotoGP season a “wasted...
No description available...
2d ago from Motorsport.com
Popular On IndyCarToday.com
Aggressive testing schedule planned ahead of Mick...
Following confirmation Mick Schumacher will make a switch to IndyCar next...
3d ago from MotorsportWeek.c...
Mick Schumacher joins RLL in IndyCar switch
Rahal Letterman Lanigan Racing has announced that Mick Schumacher will...
4d ago from MotorsportWeek.c...
Mick Schumacher makes IndyCar switch with RLL in 2026
No description available...
4d ago from Motorsport.com
Mick Schumacher hails IndyCar racing as "the way...
No description available...
3d ago from Motorsport.com
Popular On TotalWRC.com
Sebastien Ogier leads the virtual title chase as...
Friday in Saudi Arabia was the toughest day of the season. The overnight...
14h ago from MotorsportWeek.c...
Elfyn Evans set for 'all or nothing' attack in WRC...
No description available...
12h ago from Motorsport.com
WRC Saudi Arabia: Martins Sesks leads after dramatic,...
No description available...
15h ago from Motorsport.com
WRC Saudi Arabia: Elfyn Evans suffers puncture as...
No description available...
21h ago from Motorsport.com
Popular On GunnersToday.com
Approach made: Arsenal contact super agent over 15 G/A...
Arsenal have reportedly registered an interest in Juventus attacking...
1h ago from CaughtOffside.com
‘His impact is huge’: Arteta hails Rice’s...
t;li>Head coach backs midfielder to improve furtherArsenal visit...
9h ago from TheGuardian.com
Mikel Arteta Chelsea-Arsenal press conference in full,...
Arsenal manager Mikel Arteta gave his pre-match press conference ahead of...
16h ago from CaughtOffside.com
Enzo Maresca full press conference as he answers...
Chelsea manager Enzo Maresca has spoken at a press conference ahead of...
17h ago from CaughtOffside.com
Comments
Hottest News
FIA act after McLaren failure at Qatar Grand Prix
McLaren have avoided punishment for a situation... Read More »
31m ago from GPFans.com
Norris: I care about the people I work with
Lando Norris wants to win the F1 Title fair and... Read More »
1h ago from GrandPrix247.com
Max Verstappen damage analysed after rare Red Bull mistake
Max Verstappen suffered an off during SQ3 ahead... Read More »
51m ago from RacingNews365.com
