News Details
F1 tweaks budget cap to reflect inflation
Formula One approved a small increase to its $140 million per team annual budget cap on Friday to help with the burden of inflation and rising energy and freight bills. The change was announced by the governing FIA after a meeting of the Formula One commission at the Austrian Grand Prix and was approved by the required majority and nine of the 10 teams. "Rapidly increasing inflation rates since the end of 2021 have affected Formula One teams, and it is the opinion of the FIA and Formula One that this creates a risk of noncompliance with the financial regulations if actions are not taken," the governing body said. Editor's Picks Verstappen: Good Lewis can take an apex now
19hNate...
Full Story »
Full Story »
3y ago from espnF1.com
0
You May Also Be Interested In...
Formula 1 approves minor increase on budget cap
Formula 1 approved a small increase to its $140-Million per team annual...
3y ago from GrandPrix247.com
F1 teams get indexed budget cap increase to stem...
Formula One Management, the FIA and the sport's teams have agreed on a...
3y ago from F1i.com
F1 makes decision on calls for budget cap increase
A meeting of the F1 Commission has resulted in a decision being made...
3y ago from PlanetF1.com
Formula 1 teams to discuss cost cap adjustment in...
Formula 1 teams will discuss a cost cap adjustment, to reflect soaring...
3y ago from GrandPrix247.com
Elsewhere On The Network
Popular On MGPToday.com
KTM’s 850cc engine for 2027 MotoGP season breaks...
No description available...
7h ago from Motorsport.com
Why Jack Miller and Alex Rins see more potential in...
No description available...
1d ago from Motorsport.com
Why Ducati faces its most complicated contract renewal...
No description available...
1d ago from Motorsport.com
Marc Marquez recalls the ‘super difficult...
Marc Marquez discusses his previous MotoGP career decision to depart...
1d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
JHR retains Sting Ray Robb for second season
Juncos Hollinger Racing has confirmed that Sting Ray Robb will remain...
2d ago from MotorsportWeek.c...
Sting Ray Robb to continue with Juncos Racing for 2026...
No description available...
3d ago from Motorsport.com
Aggressive testing schedule planned ahead of Mick...
Following confirmation Mick Schumacher will make a switch to IndyCar next...
1w ago from MotorsportWeek.c...
Mick Schumacher joins RLL in IndyCar switch
Rahal Letterman Lanigan Racing has announced that Mick Schumacher will...
1w ago from MotorsportWeek.c...
Popular On TotalWRC.com
Hayden Paddon, Esapekka Lappi and Dani Sordo join...
No description available...
10h ago from Motorsport.com
Hyundai World Rally Team reverts to shared third car...
Hyundai Motorsport has announced its full line-up for the 2026 FIA World...
9h ago from MotorsportWeek.c...
Sports quiz of the week: Premier League goals, Ashes...
No description available...
11h ago from TheGuardian.com
Oliver Solberg steps up WRC 2026 preparations with...
No description available...
1d ago from Motorsport.com
Popular On GunnersToday.com
Premier League news: Mejbri banned for spitting;...
No description available...
1h ago from TheGuardian.com
Mikel Arteta responds when asked if Arsenal will make...
Arsenal manager Mikel Arteta has admitted that the club will be alert in...
5h ago from SportsKeeda.com
Report: Arsenal eyeing move for Spanish U21...
Arsenal are interested in signing the highly rated Spanish midfielder...
5h ago from CaughtOffside.com
‘We're certainly going to' – Arteta issues...
As the January transfer window approaches, Arsenal manager Mikel Arteta...
6h ago from CaughtOffside.com
Comments
Hottest News
'Cocky' Lando Norris given dressing down
Former F1 boss Bernie Ecclestone has said that... Read More »
1h ago from GPFans.com
F1: Abu Dhabi Grand Prix: Friday Free 2 - Times
Times from today's second free practice session... Read More »
5h ago from Pitpass.com
Red Bull deliver 'good news' about 'broken' Max Verstappen...
Max Verstappen reported feeling his Red Bull was... Read More »
3h ago from RacingNews365.com
