News Details

Cost cap debate rumbles on with R&D on the table

Monday's meeting of the Formula 1 team bosses and F1 chiefs ended without a firm decision being made on the lowering of the budget cap. Formula 1 boss Chase Carey and sporting boss Ross Brawn held a telephone conference with the 10 team bosses on Monday afternoon. According to reports the meeting lasted the entire afternoon with no firm decisions being made. The main topic was the budget cap. Formula 1 was set to introduce a $175m cap next year with all 10 team bosses agreeing to lower than to $150m. But, in light of the ongoing financial crisis that has seen McLaren, Williams, Racing Point and Formula 1 furlough staff, the sport's smaller teams are pressing for that to be further reduced...
Full Story »
5y ago from PlanetF1.com 0
Share

You May Also Be Interested In...

F1 teams agree to explore budget cap further after...

Formula 1 bosses ended their crisis meeting on Monday with an agreement to...
5y ago from BBC.co.uk

F1 and teams agree to consider changes to budget cap...

Formula 1 bosses and the teams agreed at a meeting on Monday to consider...
5y ago from F1i.com

‘Fragile Formula 1 could lose four teams'

Ahead of Monday's meeting to discuss lowering next year's budget cap, Zak...
5y ago from PlanetF1.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

Popular On IndyCarToday.com

Popular On TotalWRC.com

Popular On GunnersToday.com

Paul Merson predicts Liverpool vs Arsenal and other...

We had an incredible finish to gameweek 2 on Monday. Newcastle and...
2h ago from SportsKeeda.com

Eze, Madueke and Arsenal's early test of depth against...

The last time Arsenal visited Anfield, for the 2-2 draw with Liverpool in...
3h ago from SkySports.com

Madueke or Nwaneri? Arsenal expert names who he...

Arsenal FC journalist Charles Watts has provided his insight into how...
3h ago from CaughtOffside.com

'From a conversation I've had…' – Arsenal...

Arsenal FC expert Charles Watts has provided some reassuring insight into...
5h ago from CaughtOffside.com

Comments

Hottest News

Recent News


2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.