News Details
F1's cost cap should be at least $50m/year lower - Guenther Steiner
Haas boss Guenther Steiner reckons Formula 1’s cost cap should be at least $50m per year lower, following the ratification of the 2021 regulations. Formula 1 will introduce a yearly cost cap of $175m from 2021 in a bid to curb spending, though several factors such as driver salaries, marketing and heritage costs are not included. The majority of Formula 1 teams already operate on an annual budget far less than $175m, and Steiner believes that a lower cap would facilitate fundamental changes. “We should have the budget cap lower, then you wouldn’t need to make cost savings, then the better job you do with your own cost savings, instead of being told we have to save...
Full Story »
Full Story »
5y ago from MotorsportWeek.com
0
You May Also Be Interested In...
Ferrari want a budget cap which covers the engine
In 2021, the intended budget cap is $175 million per year. Mercedes and...
5y ago from GPBlog.com
F1's budget cap to see driver salaries soar
It has been predicted that Formula 1 drivers may end up being paid even...
5y ago from GPFans.com
Villeneuve denounces budget cap as 'pure socialism'
Former Formula 1 world champion Jacques Villeneuve had come out strongly...
5y ago from F1i.com
Ferrari CEO wants 2021 clarity, eventual cap on engine...
Ferrari CEO Louis Camilleri says Formula 1 is “not even at the end...
5y ago from MotorsportWeek.com
Elsewhere On The Network
Popular On MGPToday.com
Why Alex Rins can't wait for Yamaha's V4 engine
No description available...
5h ago from Motorsport.com
Brazil replaces Argentina as 2026 MotoGP calendar...
The 2026 MotoGP calendar has officially been released and the new season...
2d ago from MotorsportWeek.c...
Brazilian GP replaces Argentina in 2026 MotoGP calendar
No description available...
2d ago from Motorsport.com
Luca Marini gets new Honda MotoGP deal for 2026
No description available...
5d ago from Motorsport.com
Popular On IndyCarToday.com
Pato O’Ward fastest in opening practice in Laguna...
Laguna Seca was the setting for IndyCar’s first practice session on...
15h ago from MotorsportWeek.c...
Arrow McLaren set to move into new race facility in...
Arrow McLaren has officially taken ownership of what will be its new...
1d ago from MotorsportWeek.c...
Arrow McLaren expands IndyCar operations with new...
No description available...
1d ago from Motorsport.com
Why Rinus VeeKay believes there's more to come after...
No description available...
3d ago from Motorsport.com
Popular On TotalWRC.com
Monaco GP circuit stage in frame for WRC comeback in...
No description available...
23h ago from Motorsport.com
How Oliver Solberg’s rapid WRC return shakes up...
No description available...
1w ago from Motorsport.com
Oliver Solberg stuns WRC field to lead Rally Estonia...
No description available...
1w ago from Motorsport.com
How WRC rivals reacted to Oliver Solberg's first...
No description available...
5d ago from Motorsport.com
Popular On GunnersToday.com
Arsenal latest: Gyokeres undergoes medical with...
No description available...
1h ago from SkySports.com
“There’s only one goalkeeper playing and we’ll...
David Raya has opened up on competition from compatriot Kepa Arrizabalaga...
1h ago from SportsKeeda.com
Flamengo closing in on deal to sign 27-year-old...
Brazilian giants Flamengo are closing in on a deal to sign Arsenal star...
2h ago from SportsKeeda.com
“We’re not here waiting and begging for players”...
Louis Saha believes that Arsenal-bound Viktor Gyokeres would have been...
1h ago from SportsKeeda.com
Comments
Hottest News
F1 2025 Belgian Grand Prix – Sprint Race Results
Red Bull Max Verstappen repelled the two McLaren... Read More »
3h ago from MotorsportWeek.com
LIVE: 2025 F1 Belgian Grand Prix - Spa Qualifying
Follow all the action live from Spa for... Read More »
52m ago from RacingNews365.com
F1: Belgian Grand Prix Sprint: Result
Result of the Moet & Chandon Belgian Grand Prix... Read More »
2h ago from Pitpass.com