News Details
Major F1 cost-saving changes approved by FIA
The FIA's World Motor Sport Council has approved major changes to the sporting, technical and financial regulations that will help to safeguard Formula 1 in the wake of the COVID-19 pandemic. F1's ten teams had agreed to the radical package of cost-cutting measures in a vote last week, and the changes have now been officially ratified by the World Motor Sport Council as expected following an e-vote on Wednesday. Among the raft of financial rules aimed at reducing costs amid uncertainty caused by the ongoing coronavirus crisis, a budget cap of $145m will be introduced for 2021. That will be reduced by a further $5m to $140m for 2022 and lowered again to $135 for the 2023-2025...
Full Story »
Full Story »
You May Also Be Interested In...
FIA approves changes to 2020, 2021 and 2022 F1...
The World Motor Sport Council has approved by e-vote further changes to...
4y ago from GrandPrix247.com
WMSC approves changes to 2020, 2021 and 2022...
The World Motor Sport Council has approved further changes to the...
4y ago from Pitpass.com
Officially: Formula 1 accepts new, additional...
The World Motor Sport Council has approved further amendments to the...
4y ago from GPBlog.com
Formula 1 teams approve cost-cap, other changes
Formula 1 is set to move forward with a $145 million budget cap...
4y ago from GrandPrix247.com
Elsewhere On The Network
Popular On MGPToday.com
Why Ducati leans towards 2024 engine for 2025 MotoGP...
No description available...
22h ago from Motorsport.com
The key takeaways from the Sepang MotoGP test
No description available...
1d ago from Motorsport.com
Alex Marquez suggests GP24 Ducati is like...
Alex Marquez suggested that the feeling of his new GP24 Ducati was like...
1d ago from MotorsportWeek.c...
Marco Bezzecchi admits ‘difficult' Aprilia...
Marco Bezzecchi admitted he had found the adaptation process with Aprilia...
1d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Andretti Global shows off new liveries for 2025...
Andretti Global has revealed a trio of new liveries for the team’s cars...
1w ago from MotorsportWeek.c...
Power sets goal of five move competitive years in...
Will Power is one of the NTT IndyCar Series’ longest tenured drivers,...
4d ago from MotorsportWeek.c...
Conor Daly thinks IndyCar should race in Mexico and...
No description available...
5d ago from Motorsport.com
Zak Brown: IndyCar "should slipstream on the back...
No description available...
1w ago from Motorsport.com
Popular On TotalWRC.com
Fourmaux to keep ‘head on shoulders’ after...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Arsenal preparing 'significant' outlay this summer for...
Although it appears that it will be a hugely difficult deal to get over...
1h ago from CaughtOffside.com
Arsenal star is keen on leaving with Real Madrid named...
One of Arsenal's best players is attracting interest from Real Madrid with...
1h ago from CaughtOffside.com
Mikel Arteta wants Premier League flop at Arsenal who...
Arsenal boss Mikel Arteta is keen to strengthen his team's attacking...
1h ago from CaughtOffside.com
Everybody loves the sunshine …
Morning all. The lads are out in Dubai, enjoying the sunshine. I saw some...
1h ago from Arseblog.com
Comments
Hottest News
Prost delivers scathing review of latest Senna miniseries
In 2024, Netflix released a feature series about... Read More »
50m ago from RacingNews365.com
Alonso judged unfairly like Schumacher: 'What you see, not...
Fernando Alonso is often seen as a hard character... Read More »
40m ago from GPBlog.com
Hamilton backed for fairytale Ferrari title glory
Lewis Hamilton has received support from a former... Read More »
1h ago from RacingNews365.com
