News Details
‘Dumb Americans' know how to create a budget cap
Liberty Media CEO Greg Maffei has hailed ex-Formula 1 boss Chase Carey for his achievement in making the budget cap a reality. Putting a limit on the spending power of the teams is far from a new concept in Formula 1. Bernie Ecclestone and former FIA president Max Mosley tried and failed in the past, and in time the implications became clear. As comfortably the three highest spenders in Formula 1, Mercedes, Ferrari and Red Bull would go on to establish themselves at the top, with a clear divide on-track to those with more modest budgets in the midfield. But under the leadership of Carey, Formula 1 was finally able to bring in a budget cap. Teams are now permitted to spend up to $145m per...
Full Story »
Full Story »
3y ago from PlanetF1.com
0
You May Also Be Interested In...
Liberty's Maffei on F1 cost cap: 'Dumb Americans' got...
Liberty Media CEO Greg Maffei says former F1 boss Chase Carey deserves...
3y ago from F1i.com
"Stupid Americans, what do they know about...
Bernie Ecclestone was the big man behind Formula 1's commercial growth...
3y ago from GPBlog.com
Defending Chase
I’m certainly not one to be critical of what Chase Carey was able to...
3y ago from TheParcFerme.com
Red Bull to cap F1 drivers' salaries: 'Respect...
In 2021 there will be a budget cap for the first time in Formula 1, which...
3y ago from GPBlog.com
Elsewhere On The Network
Popular On MGPToday.com
Australia’s Jack Miller ‘lucky’ to survive...
t;li>‘I ran over his legs and I was worried for him,’ says Joan...
3h ago from TheGuardian.com
Jorge Martin ‘never gave up' but it ‘made...
Jorge Martin showed his usual determination throughout the Malaysian...
10h ago from MotorsportWeek.c...
Francesco Bagnaia describes ‘fantastic' battle...
Francesco Bagnaia described his battle with Jorge Martin as 'fantastic'...
12h ago from MotorsportWeek.c...
Miller, Binder, Quartararo escape injury after...
No description available...
14h ago from Motorsport.com
Popular On IndyCarToday.com
Enzo Fittipaldi to run IndyCar test with McLaren later...
Arrow McLaren has announced that it will place Enzo Fittipaldi in one of...
2d ago from MotorsportWeek.c...
Enzo Fittipaldi to test with Arrow McLaren this month
No description available...
2d ago from Motorsport.com
O’Ward sees Arlington race as a test for the future...
No description available...
4d ago from Motorsport.com
Ganassi finalizes IndyCar lineup, confirms Kyffin...
Chip Ganassi Racing announced its full 2025 IndyCar line-up on Wednesday,...
4d ago from MotorsportWeek.c...
Popular On TotalWRC.com
A Farewell Message from The Checkered Flag
After 15 years of motorsport coverage, TheCheckeredFlag.co.uk announces...
2d ago from TheCheckeredFlag...
Friday favourite: When a burly Skoda challenged the...
No description available...
2d ago from Motorsport.com
Didier Auriol entering Rally Japan, first WRC start...
1994 World Rally Champion Didier Auriol will run the 2024 season finale in...
5d ago from TheCheckeredFlag...
Popular On GunnersToday.com
'We stick together' - Bukayo Saka sends message on...
No description available...
47m ago from SportsKeeda.com
Arsenal vs Inter (Lombardia): Which is the better team?
No description available...
13h ago from SportsKeeda.com
Bukayo Saka makes demand to Arsenal teammates after...
Arsenal suffered a 1-0 defeat against Newcastle United in the Premier...
10h ago from CaughtOffside.com
Saudi Pro League giants eyeing up move for Arsenal...
No description available...
11h ago from SportsKeeda.com
Comments
Hottest News
FIA announce F1 star DISQUALIFIED from Brazilian GP
The FIA have confirmed that a Formula 1 star has... Read More »
9h ago from GPFans.com
Brazilian Grand Prix sprint race winner CHANGED as FIA...
McLaren star Oscar Piastri has been declared the... Read More »
1d ago from GPFans.com
Hamilton hints at F1 break after horrific Brazilian GP...
Lewis Hamilton has hinted at taking a break from... Read More »
6h ago from GPFans.com
