News Details
Formula 1 teams approve cost-cap, other changes
Formula 1 is set to move forward with a $145 million budget cap for 2021 and other cost-cutting measures after teams voted their approval on Friday. The measures have yet to be approved officially by the governing FIA’s World Motor Sport Council, by an e-vote due to the COVID-19 pandemic, but that is seen as a formality and likely next week. F1’s managing director for motorsport Ross Brawn said this month that the $145 million figure had been agreed and the sport would look for further reductions in future seasons. The BBC and motorsport.com, citing multiple sources, said teams had agreed to reduce the cap to $140 million in 2022 and $135 million for the period 2023-25....
Full Story »
Full Story »
5y ago from GrandPrix247.com
0
You May Also Be Interested In...
Formula 1 to vote on cap, other rule changes on Friday
Formula 1 is set to vote on a raft of regulation changes on Friday, most...
5y ago from GrandPrix247.com
F1 teams set for $145M cost cap, radical aero handicap...
According to reports, Formula 1, the FIA and the teams have agreed to a...
5y ago from TheParcFerme.com
Formula 1 teams agree cost-cutting package
Formula 1 teams have agreed to a package of cost-cutting changes to help...
5y ago from BBC.co.uk
The braking point: Formula 1 at a crossroads
The impact of the coronavirus has been so dramatic and immediate that I...
5y ago from GrandPrix247.com
Elsewhere On The Network
Popular On MGPToday.com
VR46 approached by Aprilia for 2027 but new Ducati...
No description available...
15h ago from Motorsport.com
Jerez hosts three days of private MotoGP testing with...
No description available...
1d ago from Motorsport.com
Aprilia boss on calming Marco Bezzecchi: ‘He’s...
No description available...
1d ago from Motorsport.com
Pedro Acosta leads MotoGP standings after opener –...
No description available...
2d ago from Motorsport.com
Popular On IndyCarToday.com
Winners and losers from an action-packed IndyCar race...
No description available...
9h ago from Motorsport.com
IndyCar reveals track design for Washington D.C. event
IndyCar has revealed the track design for the newly-added event in...
1d ago from MotorsportWeek.c...
Washington D.C. IndyCar track layout and event logo...
No description available...
1d ago from Motorsport.com
David Malukas’ Penske poise earns accolades from...
After just two races with Team Penske under his belt, David Malukas is...
1d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Toyota tips Hyundai to fight back in WRC 2026
No description available...
10h ago from Motorsport.com
Hyundai's WRC upgrade plan to close the gap to Toyota
No description available...
1d ago from Motorsport.com
Why Hyundai WRC team is "working at 120 per...
No description available...
5d ago from Motorsport.com
Lando Norris samples Toyota rally car alongside Oliver...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Havertz eager to make up for lost time for Arsenal...
t;li>Forward says knee injury was ‘most painful’ of his lifeGerman...
5h ago from TheGuardian.com
Arsenal join 140m superstar hunt with Man United as...
Arsenal and Manchester United are looking to strengthen their attacking...
6h ago from CaughtOffside.com
Debate over Arsenal’s style masks an undeniable...
enal’s path to a quadruple appears manageable – give Mikel Arteta and...
8h ago from TheGuardian.com
Chelsea prep mega bid for 90 million-rated Arsenal and...
Chelsea is hoping to sign the PSG attacker Khvicha Kvaratskhelia at the...
8h ago from CaughtOffside.com
Comments
Hottest News
Honda chief furious over Aston Martin fiasco as daily...
Honda boss Koji Watanabe is frustrated with the... Read More »
6h ago from GPFans.com
Aston Martin hit by new bombshell as insider reveals...
An Aston Martin F1 insider has dropped a new... Read More »
18h ago from GPFans.com
Mercedes F1 PU teams look for answers as Williams admits to...
Mercedes stunned its F1 rivals at the Australian... Read More »
5h ago from MotorsportWeek.com
