News Details
Smaller F1 teams target budget cap reduction to $100M!
Formula 1's smaller teams, who are most vulnerable to the sport's economic downturn following the coronavirus crisis, are seeking a reduction of next year's budget cap from $170 to $100 million. A disrupted 2020 championship which may not get underway until the late summer is set to inflict massive pain on F1, with revenues falling across the board for Liberty Media, the sport's commercial rights holder, but also for the teams which are preparing for a significant drop in financial revenue. Formula 1 is attempting to mitigate the effects of the shortfall with a series of measures destined to reduce costs for the teams. Szafnauer: 'Crucial' for smaller teams to have unchanged cars for 2021...
Full Story »
Full Story »
You May Also Be Interested In...
‘Smaller teams want lower cap, Ferrari says no'
Formula 1's smaller teams are pushing for next year's budget cap to be...
5y ago from PlanetF1.com
Auto, Motor und Sport: 'FIA considers stricter budget...
Formula 1 is struggling with the consequences of the coronavirus and it...
5y ago from GPBlog.com
Rosberg ditches smartphone to avoid coronavirus frenzy
Nico Rosberg has his own strategy for surmounting the current coronavirus...
5y ago from F1i.com
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
Elsewhere On The Network
Popular On MGPToday.com
Details emerge on Marc Marquez rejecting Honda's...
The details of Honda’s proposed colossal contract extension offer to...
17h ago from MotorsportWeek.c...
MotoGP riders say controversial tyre pressure rules...
No description available...
13h ago from Motorsport.com
Aleix Espargaro: Representing Honda MotoGP at Jerez a...
Aleix Espargaro says making his wildcard debut for Honda MotoGP at this...
16h ago from MotorsportWeek.c...
Jorge Martin to return to Spain on Saturday on a...
No description available...
15h ago from Motorsport.com
Popular On IndyCarToday.com
Takuma Sato reveals 94G impact in 233mph Indy 500...
No description available...
7h ago from Motorsport.com
Scott McLaughlin fastest as speeds top 232mph in Day 2...
No description available...
8h ago from Motorsport.com
Alex Palou tops busy final Indy 500 test day
The NTT IndyCar Series wrapped up a two day test session on Thursday,...
9h ago from MotorsportWeek.c...
Larson, Sato crash in high-boost Indy 500 test session
The second day of IndyCar’s Indy 500 open test opened with qualifying...
15h ago from MotorsportWeek.c...
Popular On TotalWRC.com
FIA: No plan to change WRC Rally1 rules for 2026 amid...
No description available...
13h ago from Motorsport.com
Fourmaux reacts to support from WRC rivals amid FIA...
No description available...
17h ago from Motorsport.com
M-Sport chief Malcolm Wilson nominated as FIA deputy...
Malcolm Wilson, OBE, and founder of title-winning WRC outfit M-Sport, has...
1d ago from MotorsportWeek.c...
Malcolm Wilson nominated as new FIA deputy...
No description available...
1d ago from Motorsport.com
Popular On GunnersToday.com
Exclusive: Asking price set for 30-goal star; Arsenal,...
Barcelona attacker Raphinha is clearly one of the hottest commodities on...
56m ago from CaughtOffside.com
The two signings Arsenal want next as they reach...
Arsenal are reportedly in advanced talks over signing Real Sociedad...
1h ago from CaughtOffside.com
Real Madrid Transfer News Roundup: Arsenal target...
Real Madrid are putting together final preparations ahead of the weekend's...
2h ago from SportsKeeda.com
Agent in touch with Arsenal & Chelsea, but...
Bournemouth defender Milos Kerkez has been linked with a move away from...
1h ago from CaughtOffside.com
Comments
Hottest News
Lewis Hamilton returns to London as Ferrari crisis deepens
The storm clouds are gathering at Maranello as... Read More »
46m ago from GPFans.com
Christian Horner details worrying impact of Red Bull...
Christian Horner feels the 'Cold War relic' is... Read More »
56m ago from RacingNews365.com
Max Verstappen is WRONG for Mercedes as F1 team boss...
A Formula 1 boss believes Mercedes should think... Read More »
1h ago from GPFans.com
