News Details
Horner: Budget cap has forced 'painful' redundancies
Article To news overview © Getty Images/Red Bull Contentpool Red Bull team boss Christian Horner has said that the enforced downsizing of the team due to the introduced budget cap, has resulted in having to make 'painful' redundancies. Formula 1 teams are restricted to a budget of $145 million in 2021, as part of the new financial cost cap introduced to the sport in an effort to increase competition across the field. While smaller teams might not have trouble keeping to that cap, bigger teams like Red Bull Racing are having to downsize their operations a little in order to reduce costs. We’ve had to go through the pain of redundancies over the winter," confirmed Christian Horner in...
Full Story »
Full Story »
3y ago from RacingNews365.com
0
You May Also Be Interested In...
Wolff and Horner reveal "pain" of axing...
Ian Parkes Friday 2 april 2021 17:05 Mercedes team principal Toto Wolff...
3y ago from GPFans.com
Red Bull long-term staff redundancies ‘painful'
Red Bull boss Christian Horner discussed the mammoth task of falling...
3y ago from PlanetF1.com
Horner: 'Dirt on Verstappen's tyres gave Lewis...
Christian Horner is disappointed Max Verstappen was unable to take the...
3y ago from GPBlog.com
Horner: 'Dirt on Verstappen's tyres gave Lewis...
Christian Horner is disappointed Max Verstappen was unable to take the...
3y ago from GPBlog.com
Elsewhere On The Network
Popular On MGPToday.com
Yamaha and Pramac unveil 2025 MotoGP bikes in Kuala...
No description available...
20h ago from Motorsport.com
Honda unveils all-new 2025 MotoGP livery after Repsol...
No description available...
5m ago from Motorsport.com
Honda exhibits 2025 MotoGP livery
Honda Racing Corporation is the latest team to exhibit its 2025 MotoGP...
5m ago from MotorsportWeek.c...
Yamaha and Pramac display 2025 MotoGP liveries
On Friday, Yamaha and its satellite team, Pramac Racing, displayed its...
20h ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Penske President Tim Cindric to reduce leadership role
Team Penske announced on Friday afternoon that long-time President Tim...
14h ago from MotorsportWeek.c...
Team Penske's Tim Cindric steps back from his...
No description available...
14h ago from Motorsport.com
PREMA completes first on-track IndyCar test session
PREMA Racing conducted its first on-track test session in IndyCar earlier...
2d ago from MotorsportWeek.c...
Zak Brown: IndyCar "should slipstream on the back...
No description available...
2d ago from Motorsport.com
Popular On TotalWRC.com
Fourmaux to keep ‘head on shoulders’ after...
No description available...
1d ago from Motorsport.com
The five big takeaways from the WRC Rally Monte Carlo
No description available...
4d ago from Motorsport.com
Solberg handed penalty for drifting on Monaco GP...
No description available...
5d ago from Motorsport.com
Popular On GunnersToday.com
Mathys Tel latest: Will 19-year-old stay at Bayern...
Mathys Tel is allegedly not ruling out staying with Bayern Munich beyond...
25m ago from SportsMole.co.uk
Man United transfer news: Red Devils 'on verge' of...
Lecce head coach Marco Giampaolo confirms that Patrick Dorgu will fly to...
1h ago from SportsMole.co.uk
Arsenal eye move for 65 million rated striker linked...
No description available...
2h ago from SportsKeeda.com
Saudi move for Mo Salah will cause enormous problems...
Although Mo Salah won't leave Liverpool in this window he is expected to...
2h ago from CaughtOffside.com
Comments
Hottest News
Former Red Bull engineer gives up on F1 due to low pay:...
Former Red Bull engineer Blake Hinsley has spoken... Read More »
2h ago from GPBlog.com
George Russell draws on Lewis Hamilton example in Mercedes...
George Russell has pointed to Lewis Hamilton’s... Read More »
1h ago from MotorsportWeek.com
Lindblad misses out on sixth New Zealand victory in...
Arvid Lindblad misses out on his sixth victory in... Read More »
35m ago from GPBlog.com
