News Details
‘Smaller teams want lower cap, Ferrari says no'
Formula 1's smaller teams are pushing for next year's budget cap to be lowered to '$100 million' with the topic up for discussion on Monday. Formula 1 is facing its worst financial crisis is over a decade with many teams feeling the pinch. This has already led to McLaren furloughing staff with the drivers taking pay cuts while Lewis Hamilton and the Ferrari team-mates have reportedly also offered to take a wage reduction. However, not all the teams have drivers that earn salaries large enough to make a difference. As such Auto Motor und Sport reports that the smaller teams are calling for next year's budget cap to be lowered from $170 million to ‘$100 million'. They also want all the...
Full Story »
Full Story »
5y ago from PlanetF1.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...
5y ago from GPBlog.com
Szafnauer: Savings of £10 million are possible
Formula 1 teams can save up to £10 million on car development if the...
5y ago from GrandPrix247.com
Racing Point sees £10 million of potential savings...
Racing Point team boss Otmar Szafnauer believes teams could save up to...
5y ago from F1i.com
Szafnauer: 'Crucial' for smaller teams to have...
Racing Point team boss Otmar Szafnauer says the amount of parts teams...
5y ago from F1i.com
Elsewhere On The Network
Popular On MGPToday.com
Marc Marquez admits ‘my body will force me to retire...
No description available...
3h ago from Motorsport.com
Ducati anticipates ‘2024 version’ of Francesco...
Ducati Team Manager Davide Tardozzi is “very confident” Francesco...
4h ago from MotorsportWeek.c...
Honda completes another test with 2027 bike as Ducati...
No description available...
20h ago from Motorsport.com
Jorge Martin: Aprilia signed me to win the title,...
No description available...
23h ago from Motorsport.com
Popular On IndyCarToday.com
Long Beach to bring in new leadership for iconic event
Organizers of the annual Grand Prix of Long Beach event have announced...
1d ago from MotorsportWeek.c...
Grand Prix of Long Beach set for leadership change
No description available...
1d ago from Motorsport.com
Pato O’Ward joined by F2 champion in McLaren F1...
McLaren has announced its driver development program lineup for 2026,...
1d ago from MotorsportWeek.c...
Kucharczyk set for 2026 Indy NXT run with HMD
No description available...
2d ago from Motorsport.com
Popular On TotalWRC.com
Dakar 2026: Dacia edges Ford and Toyota as Nasser...
No description available...
3h ago from Motorsport.com
Luciano Benavides defeats Ricky Brabec by two seconds...
No description available...
5h ago from Motorsport.com
Ford's Nani Roma survives late crash and fuel drama to...
No description available...
20h ago from Motorsport.com
Dakar 2026, Stage 13: Nasser Al-Attiyah wins to extend...
No description available...
1d ago from Motorsport.com
Popular On GunnersToday.com
'Seen as inevitable' – Worrying Arsenal update...
Arsenal manager Mikel Arteta is reportedly attracting interest from big...
1h ago from CaughtOffside.com
Arsenal now set to target £120m double transfer after...
Arsenal are now reportedly set to switch their focus to Eintracht...
3h ago from CaughtOffside.com
“We are pretty confident of catching Arsenal” -...
Manchester City star Tijjani Reijnders has said the club is confident of...
3h ago from SportsKeeda.com
'In active talks' – Fabrizio Romano provides...
Fabrizio Romano says Chelsea are in active talks over signing a new...
6h ago from CaughtOffside.com
Comments
Hottest News
Alex Albon names F1 star who would be 'BEST MAN at his...
Alex Albon has revealed which F1 star on the grid... Read More »
1h ago from GPFans.com
Russell reveals the 'big' contract request that Mercedes...
In the world of driver contract negotiations,... Read More »
27m ago from F1i.com
Cadillac run 2026 F1 car for the first time with 'history...
Cadillac have become the second team to run their... Read More »
47m ago from GPFans.com
