News Details
Formula 1 set for five-year sliding-scale budget cap
F1 teams are reportedly considering a five-year budget cap plan that to be implemented from next year, with a vote on the proposal scheduled in the coming days. Teams unanimously agreed to cut the sport's initial budget cap limit for 2021 from $175m to $150m as a result of the financial impact of the coronavirus crisis on F1. But during subsequent meetings to discuss F1's economic downturn, an additional reduction $145m was decided. However, the sport's mid-field outfits have since been pushing for a more significant cutback, with McLaren even suggesting a contraction all the way to $100m! Silverstone and F1 locked in British GP financial standoff However, Ferrari vehemently opposed an...
Full Story »
Full Story »
You May Also Be Interested In...
Formula 1 lays down five-year plan with an even lower...
The budget cap for 2021 has been reduced to $145 million. Because of the...
5y ago from GPBlog.com
Formula 1 set for latest budget cap vote
The Formula 1 teams are looking over the latest budget cap proposals...
5y ago from PlanetF1.com
F1 cost-cap to be cut to $145M for 2021
According to F1 technical boss, Ross Brawn, the series will move toward a...
5y ago from TheParcFerme.com
F1 teams set to pass five-year budget cap plan
Formula 1's teams are expected to vote through the finalised budget cap...
5y ago from GPFans.com
Elsewhere On The Network
Popular On MGPToday.com
Winners and losers from MotoGP’s Catalan Grand Prix
No description available...
2h ago from Motorsport.com
Alex Marquez reveals how he converted MotoGP Sprint...
Alex Marquez admitted not “braking so late” after his crash from the...
1h ago from MotorsportWeek.c...
Alex Márquez wins Catalan Grand Prix to end...
t;li>Marc Márquez’s winning streak ends at home grand prixAlex...
21h ago from TheGuardian.com
Marc Marquez kept reminding himself his MotoGP winning...
No description available...
4h ago from Motorsport.com
Popular On IndyCarToday.com
Rinus VeeKay separates from Dale Coyne Racing
Rinus VeeKay will not race with Dale Coyne Racing next season after...
5d ago from MotorsportWeek.c...
Colton Herta leaves IndyCar to pursue F1 with Cadillac...
The Cadillac F1 Team has announced that it has hired IndyCar star Colton...
4d ago from MotorsportWeek.c...
Will Power to replace Colton Herta at Andretti in 2026
No description available...
4d ago from Motorsport.com
IndyCar moves street race from Toronto to Markham for...
No description available...
4d ago from Motorsport.com
Popular On TotalWRC.com
Toyota’s Sebastien Ogier races to thrilling comeback...
No description available...
1w ago from Motorsport.com
Sebastian Ogier wants WRC title by “winning...
No description available...
6d ago from Motorsport.com
WRC championship twist as Hyundai retires Adrien...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Kylian Mbappe chooses Premier League title winner...
The Premier League title race once again promises to be one of the most...
3h ago from CaughtOffside.com
The games William Saliba is expected to miss after...
Arsenal have been dealt a bitter blow just as the new season gathered...
2h ago from CaughtOffside.com
Renowned DM Mikel Merino grabs a hat-trick for Spain
Morning. Welcome to a brand new week, and we're starting with Mikel Merino...
4h ago from Arseblog.com
Arsenal earned just £260,000 from summer sale of...
Arsenal reportedly sold Albert Sambi Lokonga to Hamburger SV for just...
2h ago from SportsKeeda.com
Comments
Hottest News
Toto Wolff issues warning to McLaren after F1 Italian GP...
Toto Wolff has issued a stark warning to McLaren... Read More »
5h ago from MotorsportWeek.com
Verstappen says Mekies’ engineering touch key to Red Bull...
Max Verstappen hailed Red Bull’s new team... Read More »
1h ago from F1i.com
How Yuki Tsunoda's Italian GP damage compromised Red Bull's...
Red Bull has conceded that Yuki Tsunoda's damage... Read More »
2h ago from MotorsportWeek.com
