News Details
Formula 1 bosses make final budget offer to teams
Formula 1 bosses have made a final offer to teams of a sliding scale budget cap reducing from $145m to $130m over the next three years. The proposal is part of changes aimed at addressing the financial impact of the coronavirus in a letter to teams from F1 managing director Ross Brawn. F1 has proposed a cap of $145m (£116m) in 2021, reducing to $140m in 2022 and $135m for the period 2023-25. Teams will spend the coming days assessing the ideas before a vote. The proposals - which also include a sliding scale of allowance for aerodynamic research according to a team's success, and compensation for the manufacturer teams recognising the value of research and development of parts sold to...
Full Story »
Full Story »
You May Also Be Interested In...
F1 seeking agreement on $145m budget cap
Ross Brawn reveals that the teams are to be presented with a budget cap of...
5y ago from Pitpass.com
Brawn: Budget cap of $145m agreed for 2021
A greatly reduced budget cap for the 2021 season has been agreed upon...
5y ago from MotorsportWeek.com
F1 to meet on budget cap reduction & virus testing...
1 bosses will meet this week to discuss a reduction of the budget cap...
5y ago from BBC.co.uk
$145m budget cap for Formula 1 in 2021
Ross Brawn has confirmed that a $145 million budget cap for 2021 is close...
5y ago from GPFans.com
Elsewhere On The Network
Popular On MGPToday.com
Is Alex Marquez’s Jerez MotoGP breakthrough real or...
No description available...
1d ago from Motorsport.com
Should there be a tear-off rule following Marco...
No description available...
3d ago from Motorsport.com
Miguel Oliveira reveals what’s ‘more difficult’...
Miguel Oliveira says WorldSBK’s race weekend format is harder to adapt...
3d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Motorsport legend Alex Zanardi dies aged 59
Ex-F1 and CART driver Alex Zanardi has passed away aged 59. His family...
2d ago from MotorsportWeek.c...
Mick Schumacher shares injury update after breaking...
No description available...
4d ago from Motorsport.com
Zanardi: The man whose name is a synonym for “hero”
No description available...
1d ago from Motorsport.com
Dual-tone Chevy ZR1X pace car revealed for...
The NTT IndyCar Series has revealed the Chevrolet pace car for the...
4d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Why Hyundai’s WRC season “really starts” at...
No description available...
5h ago from Motorsport.com
M-Sport weighs up WRC new car build as all options...
No description available...
5d ago from Motorsport.com
Toyota steps up WRC 2027 car testing with new look...
No description available...
5d ago from Motorsport.com
How Dani Sordo brings "different ideas" to...
No description available...
5d ago from Motorsport.com
Popular On GunnersToday.com
Have Arsenal found the keys to unleash Gyokeres at the...
Viktor Gyökeres has divided opinion since arriving, but one thing is...
1h ago from FreshArsenal.com
“It’s a horrible one” - Gary Neville names...
Manchester United legend Gary Neville has named the one fixture in which...
4h ago from SportsKeeda.com
Viktor Gyökeres has scored 21 goals this season. He...
y Alexis Sánchez and Thierry Henry have had more prolific first seasons...
4h ago from TheGuardian.com
Premier League: talking points from the weekend’s...
e Slot is fuming, Mikel Arteta’s big risk pays off and Josh Dasilva...
4h ago from TheGuardian.com
Comments
Hottest News
Fernando Alonso identifies new Aston Martin issue amid...
Fernando Alonso has highlighted the next agenda... Read More »
48m ago from MotorsportWeek.com
Toto Wolff says Mercedes have to dig deep to fix their...
Mercedes boss Toto Wolff has absolved his driver... Read More »
28m ago from GrandPrix247.com
F1 star crashes into rival, flipping his car out the race,...
An F1 star avoided punishment at the Miami Grand... Read More »
1h ago from GPFans.com
