News Details
Working group to investigate F1 driver salary cap
Formula 1 will create a working group, which will include drivers, in order to evaluate the possibility of introducing tighter financial control on leading figures in the championship. Formula 1 has long sought to reduce costs and for the first time this season financial regulations will be in force. An annual budget cap of $145m has been implemented, a reduction on the initial $175m proposed in late 2019, as a response to the Covid-19 pandemic. This figure will reduce to $140m next year and then $135m in 2023 in order to assist some operations to adjust to the scale and size of the change. However there are several exemptions, most notably costs relating to marketing, race driver...
Full Story »
Full Story »
4y ago from MotorsportWeek.com
0
You May Also Be Interested In...
Formula 1 presents viewing figures for 2020: Growth in...
Formula 1 has released the figures for the 2020 Formula 1 season. The...
4y ago from GPBlog.com
F1 presents viewing figures for 2020: Enormous growth...
Formula 1 has released the figures for the 2020 Formula 1 season. The...
4y ago from GPBlog.com
McLaren Racing CEO Calls For Driver Salary Cap Amid...
McLaren Racing CEO Zak Brown has called on Formula One to agree a driver...
4y ago from Formula1News.co.uk
Oxford Dictionary Removes ‘Outdated’ Words...
Three words have been removed from the Oxford Advanced Learner’s...
4y ago from Formula1News.co.uk
Elsewhere On The Network
Popular On MGPToday.com
MotoGP Sepang test: Honda leads rain-hit Day 2 as...
No description available...
51m ago from Motorsport.com
Yamaha halts Sepang MotoGP running while investigating...
No description available...
4h ago from Motorsport.com
MotoGP Sepang test: Marc Marquez tops Day 1 as Fabio...
No description available...
1d ago from Motorsport.com
Jorge Martin explains post-season surgeries: 'I...
No description available...
18h ago from Motorsport.com
Popular On IndyCarToday.com
Mick Schumacher adjusting to life in IndyCar as maiden...
No description available...
15h ago from Motorsport.com
Reigning IndyCar champion Alex Palou gets new livery...
Chip Ganassi Racing has revealed a new livery for the #10 entry ahead of...
18h ago from MotorsportWeek.c...
IndyCar legend Dario Franchitti to race NASCAR Truck...
No description available...
19h ago from Motorsport.com
IndyCar, Monumental Sports & Entertainment partner for...
No description available...
20h ago from Motorsport.com
Popular On TotalWRC.com
Iconic Ouninpohja stage dropped from 2026 WRC Rally...
No description available...
22h ago from Motorsport.com
WRC Monte Carlo: Oliver Solberg continues domination...
No description available...
1w ago from Motorsport.com
More than 10 tuners interested in joining WRC under...
No description available...
1w ago from Motorsport.com
Why Thierry Neuville struggled in “most difficult”...
No description available...
6d ago from Motorsport.com
Popular On GunnersToday.com
Newcastle United set price for Arsenal and Chelsea to...
Newcastle United are preparing for a potentially intense summer transfer...
1h ago from CaughtOffside.com
Arsenal star Martin Zubimendi provides honest response...
Arsenal star Martin Zubimendi has opened up about his links to Real...
1h ago from SportsKeeda.com
'Might actually be at the bottom of the pile right...
N pundit Steve Nicole has urged Mikel Arteta to drop Viktor Gyokeres from...
1h ago from SportsKeeda.com
Arsenal 1-0 Chelsea: Havertz's late dagger exposes a...
Match report – Player ratings – Arteta reaction – Video...
4h ago from Arseblog.com
Comments
Hottest News
Christian Horner responds to ‘cheating’ accusation in...
Christian Horner has had his say on the ongoing... Read More »
1h ago from RacingNews365.com
Brundle: Piastri will come back with a vengeance in 2026
Martin Brundle expects Oscar Piastri to... Read More »
1h ago from SkySports.com
Honda waiting on ‘behaviour' of new Aston Martin at...
Honda Trackside General Manager and Chief... Read More »
21m ago from MotorsportWeek.com
