News Details
Major F1 cost-saving changes approved by FIA
The FIA's World Motor Sport Council has approved major changes to the sporting, technical and financial regulations that will help to safeguard Formula 1 in the wake of the COVID-19 pandemic. F1's ten teams had agreed to the radical package of cost-cutting measures in a vote last week, and the changes have now been officially ratified by the World Motor Sport Council as expected following an e-vote on Wednesday. Among the raft of financial rules aimed at reducing costs amid uncertainty caused by the ongoing coronavirus crisis, a budget cap of $145m will be introduced for 2021. That will be reduced by a further $5m to $140m for 2022 and lowered again to $135 for the 2023-2025...
Full Story »
Full Story »
You May Also Be Interested In...
FIA approves changes to 2020, 2021 and 2022 F1...
The World Motor Sport Council has approved by e-vote further changes to...
5y ago from GrandPrix247.com
WMSC approves changes to 2020, 2021 and 2022...
The World Motor Sport Council has approved further changes to the...
5y ago from Pitpass.com
Officially: Formula 1 accepts new, additional...
The World Motor Sport Council has approved further amendments to the...
5y ago from GPBlog.com
Formula 1 teams approve cost-cap, other changes
Formula 1 is set to move forward with a $145 million budget cap...
5y ago from GrandPrix247.com
Elsewhere On The Network
Popular On MGPToday.com
Watch: “Feels like yesterday” - Alex Criville...
No description available...
2h ago from Motorsport.com
Francesco Bagnaia explains why it's ‘impossible'...
After failing to secure a podium at his Grand Prix at Mugello, Francesco...
4m ago from MotorsportWeek.c...
EU approves Liberty Media's purchase of MotoGP and...
Liberty Media has received unconditional approval from the European...
21h ago from MotorsportWeek.c...
Liberty Media given “unconditional” green light...
No description available...
20h ago from Motorsport.com
Popular On IndyCarToday.com
How a “grumpy” Alex Palou ended up thankful for...
No description available...
15h ago from Motorsport.com
Winners and Losers from IndyCar’s Road America...
No description available...
1d ago from Motorsport.com
IndyCar Road America – Race Results
Road America was the scene of this weekend’s IndyCar event, and high...
1d ago from MotorsportWeek.c...
Santino Ferrucci hangs on for Road America podium,...
No description available...
1d ago from Motorsport.com
Popular On TotalWRC.com
Rallies around the world: The ones not to miss – and...
Rallying is unlike any other motorsport. It doesn’t unfold on pristine...
5d ago from MotorsportWeek.c...
FIA approves updated bodywork rules for WRC 2027...
No description available...
1w ago from Motorsport.com
Malcolm Wilson appointed as FIA Deputy president for...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
2x Champions League winner to complete Arsenal...
Arsenal are reportedly closing in on the final details of the Kepa...
44m ago from CaughtOffside.com
'Heartbroken' Arsenal target has informed club of...
Transfer journalist Fabrizio Romano has provided an update on the...
1h ago from CaughtOffside.com
Arsenal to compete with Tottenham for experienced star...
Arsenal and Tottenham Hotspur are set to compete for the Brentford...
1h ago from CaughtOffside.com
Athletic confirm Arsenal are discussing exciting...
Arsenal have recently been linked with highly-rated young Sevilla...
1h ago from CaughtOffside.com
Comments
Hottest News
Ferrari don't trust Lewis Hamilton after Austrian Grand...
Ferrari's latest driver switch announcement may... Read More »
4h ago from GPFans.com
Charles Leclerc hands Ferrari instruction over major...
Ferrari is one of three F1 teams within 37 points... Read More »
1h ago from RacingNews365.com
Schumacher admits talks on F1 return after starring for...
Former F1 driver Mick Schumacher has confirmed... Read More »
1h ago from GPFans.com
