News Details

Wolff ‘fought hard' in F1 budget cap meeting

Jul.9 Toto Wolff admits he 'fought hard' during Friday's meeting of the F1 Commission in Austria. Top of the agenda was the budget cap, with smaller teams arguing on one hand for no changes to the $140 million limit while top teams insist that raging inflation demands an increase. Ultimately, the FIA agreed that there is a 'risk of non-compliance if actions are not taken', and therefore the cap has been increased by 3.1 percent – about $4.5 million. 'It is not so easy to explain all the nuances, so I'll just say that the increase that was agreed today only partially compensates for inflation and does not include an increase for logistics,' said Mercedes boss Toto Wolff. Williams...
Full Story »
Share

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...
2y ago from GrandPrix247.com

F1 makes decision on calls for budget cap increase

A meeting of the F1 Commission has resulted in a decision being made...
2y ago from PlanetF1.com

F1 tweaks budget cap to reflect inflation

Formula One approved a small increase to its $140 million per team annual...
2y ago from espnF1.com

Budget cap increased, technical directive on...

On Friday morning in Austria, the FIA and Formula One teams met to...
2y ago from GPBlog.com

Elsewhere On The Network

Popular On MGPToday.com

Popular On IndyCarToday.com

Rasmussen passes most cars in Sunday night’s IndyCar...

Christian Rasmussen put on a show for fans Sunday night, passing more...
55m ago from MotorsportWeek.c...

IndyCar Gateway – Race Results

The NTT IndyCar Series made a trip to the St. Louis area for the first...
10h ago from MotorsportWeek.c...

Popular On TotalWRC.com

Popular On GunnersToday.com

‘Top player' believes Mikel Arteta will move for...

Arsenal have been linked with a move for the Sporting CP striker Viktor...
2h ago from CaughtOffside.com

Arsenal offer 9m in wages to beat competition for...

Arsenal are interested in signing the Athletic Club Bilbao attacker Nico...
2h ago from CaughtOffside.com

Update: Latest info on 75m striker as more clubs rival...

The Viktor Gyokeres transfer saga continues to prove a complicated one,...
3h ago from CaughtOffside.com

'That’s going to play a part': Arsenal want...

Crystal Palace defender Marc Guehi has been linked with a move away from...
4h ago from CaughtOffside.com

Comments

Hottest News

Recent News


2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.