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
Jack Miller: Pramac Yamaha ‘saved me' after...
Jack Miller expressed his appreciation to Pramac Yamaha for keeping him...
2h ago from MotorsportWeek.c...
Marc Marquez continues MotoGP dominance with Argentina...
Marc Marquez continued his MotoGP winning streak as he earned a...
18h ago from MotorsportWeek.c...
Alex Marquez: “Sunday will be a different story”
No description available...
14h ago from Motorsport.com
Bagnaia “angry” with MotoGP race direction after...
No description available...
19h ago from Motorsport.com
Popular On IndyCarToday.com
Date set for IndyCar’s inaugural Grand Prix of...
The NTT IndyCar Series has announced a date for the first running on the...
2d ago from MotorsportWeek.c...
Bumping confirmed for Indy 500 as Takuma Sato becomes...
No description available...
4d ago from Motorsport.com
How VeeKay went from an unexpected ECR exit to...
No description available...
4d ago from Motorsport.com
Takuma Sato to contest 16th Indy 500 with RLL
Rahal Letterman Lanigan Racing has announced that Takuma Sato will...
4d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Hyundai shelves its 2025 WRC car upgrades for Safari...
No description available...
2d ago from Motorsport.com
FIA steps in after WRC fuel supplier goes into...
No description available...
6d ago from Motorsport.com
Meet Claire Schonborn, the engineer turned WRC...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Arsenal vs Chelsea team news LIVE! & highlights
No description available...
54m ago from SkySports.com
Arsenal-Chelsea starting lineups confirmed as huge...
Arsenal and Chelsea confirm their starting lineups for Sunday's Premier...
34m ago from SportsMole.co.uk
Arsenal v Chelsea: Premier League updates – live
t;li>All the action from the Emirates (1.30pm kick-off GMT)Join the...
24m ago from TheGuardian.com
Real Madrid make surprise decision on Vinicius Jr as...
No description available...
1h ago from SportsKeeda.com
Comments
Hottest News
Hamilton hugely critical after Ferrari debut: "Didn't...
A critical Lewis Hamilton said he is ready... Read More »
5h ago from GPBlog.com
Ferrari downplays Australia strategy errors amid difficult...
Ferrari boss Frederic Vasseur downplayed the... Read More »
1h ago from MotorsportWeek.com
F1 2025 Australian Grand Prix – Race Results
McLaren's Lando Norris has won the F1... Read More »
6h ago from MotorsportWeek.com
