News Details
Formula 1 bosses make final budget offer to teams
Formula 1 bosses have made a final offer to teams of a sliding scale budget cap reducing from $145m to $130m over the next three years. The proposal is part of changes aimed at addressing the financial impact of the coronavirus in a letter to teams from F1 managing director Ross Brawn. F1 has proposed a cap of $145m (£116m) in 2021, reducing to $140m in 2022 and $135m for the period 2023-25. Teams will spend the coming days assessing the ideas before a vote. The proposals - which also include a sliding scale of allowance for aerodynamic research according to a team's success, and compensation for the manufacturer teams recognising the value of research and development of parts sold to...
Full Story »
Full Story »
You May Also Be Interested In...
F1 seeking agreement on $145m budget cap
Ross Brawn reveals that the teams are to be presented with a budget cap of...
5y ago from Pitpass.com
Brawn: Budget cap of $145m agreed for 2021
A greatly reduced budget cap for the 2021 season has been agreed upon...
5y ago from MotorsportWeek.com
F1 to meet on budget cap reduction & virus testing...
1 bosses will meet this week to discuss a reduction of the budget cap...
5y ago from BBC.co.uk
$145m budget cap for Formula 1 in 2021
Ross Brawn has confirmed that a $145 million budget cap for 2021 is close...
5y ago from GPFans.com
Elsewhere On The Network
Popular On MGPToday.com
MotoGP Brazilian GP: Marc Marquez scores comeback win...
No description available...
11h ago from Motorsport.com
Marc Marquez: Brazil GP sprint would have been...
No description available...
9h ago from Motorsport.com
Marc Marquez takes victory in first-ever Brazilian...
Marc Marquez claimed his first Sprint victory of the season in the...
11h ago from MotorsportWeek.c...
Fabio Di Giannantonio secures pole position on...
VR46 Ducati's Fabio Di Giannantonio ended a four-year drought to claim...
16h ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Legacy Grand Prix of Long Beach promoter Jim...
No description available...
7h ago from Motorsport.com
Takuma Sato set for Indy 500 return with Rahal...
No description available...
4d ago from Motorsport.com
Takuma Sato makes Indy 500 return with RLL
Rahal Letterman Lanigan Racing has announced that Takuma Sato will drive...
4d ago from MotorsportWeek.c...
Helio Castroneves confirms return for 26th...
Helio Castroneves has confirmed that he will take part in the upcoming...
4d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Kalle Rovanpera’s Super Formula programme suspended...
No description available...
22h ago from Motorsport.com
Kalle Rovanpera’s Super Formula programme paused...
No description available...
1d ago from Motorsport.com
WRC Safari Rally Kenya: Oliver Solberg wants more rain...
No description available...
1d ago from Motorsport.com
Takamoto Katsuta breaks down in tears after...
No description available...
1d ago from Motorsport.com
Popular On GunnersToday.com
‘One-nil down, two-one up’: when Arsenal won their...
enal hope to win the trophy for a third time against Manchester City on...
1h ago from TheGuardian.com
‘We enjoy it’: Gabriel relishing Carabao Cup final...
der of Arsenal’s defence ‘gives everything for the badge’ and hopes...
8h ago from TheGuardian.com
Why this Carabao Cup final matters like never before
This Sunday sees a Carabao Cup final like never before. This is the first...
8h ago from SkySports.com
Comments
Hottest News
Oscar Piastri reacts to bizarre F1 coincidence after...
Oscar Piastri suffered a heartbreaking crash... Read More »
1h ago from RacingNews365.com
Max Verstappen defended after continued F1 rules criticism
Max Verstappen is not enjoying F1's new rules,... Read More »
31m ago from RacingNews365.com
BREAKING: Max Verstappen stripped of Nordschleife victory...
Big news from the Nordschleife on Max... Read More »
11h ago from RacingNews365.com
