News Details

Cost cap debate rumbles on with R&D on the table

Monday's meeting of the Formula 1 team bosses and F1 chiefs ended without a firm decision being made on the lowering of the budget cap. Formula 1 boss Chase Carey and sporting boss Ross Brawn held a telephone conference with the 10 team bosses on Monday afternoon. According to reports the meeting lasted the entire afternoon with no firm decisions being made. The main topic was the budget cap. Formula 1 was set to introduce a $175m cap next year with all 10 team bosses agreeing to lower than to $150m. But, in light of the ongoing financial crisis that has seen McLaren, Williams, Racing Point and Formula 1 furlough staff, the sport's smaller teams are pressing for that to be further reduced...
Full Story »
5y ago from PlanetF1.com 0
Share

You May Also Be Interested In...

F1 teams agree to explore budget cap further after...

Formula 1 bosses ended their crisis meeting on Monday with an agreement to...
5y ago from BBC.co.uk

F1 and teams agree to consider changes to budget cap...

Formula 1 bosses and the teams agreed at a meeting on Monday to consider...
5y ago from F1i.com

‘Fragile Formula 1 could lose four teams'

Ahead of Monday's meeting to discuss lowering next year's budget cap, Zak...
5y ago from PlanetF1.com

F1 teams meet Monday: Small teams want even lower...

The Formula 1 season is still at a standstill and that has consequences...
5y ago from GPBlog.com

Elsewhere On The Network

Popular On MGPToday.com

Gresini Racing exploring potential Honda MotoGP...

Gresini Racing are exploring a potential reunion with Honda as a...

How Marco Bezzecchi dominated the Brazilian MotoGP to...

New MotoGP championship leader Marco Bezzecchi overcame a "really...

Popular On IndyCarToday.com

Takuma Sato makes Indy 500 return with RLL

Rahal Letterman Lanigan Racing has announced that Takuma Sato will drive...

Helio Castroneves confirms return for 26th...

Helio Castroneves has confirmed that he will take part in the upcoming...

Popular On TotalWRC.com

Popular On GunnersToday.com

“It felt like a charity sub” - Wayne Rooney shares...

Wayne Rooney revealed that he felt sad for Manchester City star Phil Foden...
1h ago from SportsKeeda.com

100m-rated Premier League newcomer set to spark...

Rayan has done quite well since moving to the Premier League, and he has...
2h ago from CaughtOffside.com

After injury to William Saliba, Arsenal defender...

Arsenal defender Gabriel Magalhães has also withdrawn from the national...
4h ago from SportsKeeda.com

The hidden factors that could decide the Premier...

The Premier League is entering its final weeks and the league table...
6h ago from CaughtOffside.com

Comments

Hottest News

BMW make decision on F1 return

BMW have announced their verdict on a potential... Read More »
9h ago from GPFans.com

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.