News Details
F1 to unveil huge cost-cutting package, including ‘success handicap'
Formula 1 teams have reportedly signed off on a huge package of cost-cutting measures, which will now be sent to the World Motor Sport Council for ratification before they become official. The measures are partly aimed at cutting costs because of the coronavirus pandemic, but also part of a wider ongoing effort to dramatically slash the cost of competing in F1, with budgets steadily rising year-on-year. Whilst it's known a budget cap will be introduced for 2021, it has now been agreed that the starting figure will be $145 million (£120m), which will reduce to $140m in '22 and then $135m for '23 onwards. ADVERTISEMENT This is far lower than the original cap of $175m which had previously...
Full Story »
Full Story »
5y ago from MotorsportWeek.com
0
You May Also Be Interested In...
Russell ‘a little bit jealous' seeing his mates...
Williams Formula 1 driver George Russell admitted he's a 'little bit...
5y ago from MotorsportWeek.com
Ferrari are ‘mad' if they pushed Vettel out says...
Formula 1 champion Jenson Button says it would be 'madness' if rumours...
5y ago from MotorsportWeek.com
A Vettel-Hamilton ‘super team' would be good for...
Bernie Ecclestone is pushing for Mercedes to sign Sebastian Vettel in a...
5y ago from MotorsportWeek.com
Wolff ‘very proud' Formula 1 season will start...
Mercedes team boss Toto Wolff says he's 'very proud' that the 2020...
5y ago from MotorsportWeek.com
Elsewhere On The Network
Popular On MGPToday.com
MotoGP riders praise “really fun” Brazil GP track...
No description available...
13h ago from Motorsport.com
Johann Zarco takes top spot in rain-affected timed...
Johann Zarco made the most out of the rain-affected Brazilian MotoGP...
14h ago from MotorsportWeek.c...
Pedro Acosta tops opening Brazilian MotoGP practice
Pedro Acosta continued his fine early-season form as he posted the best...
18h ago from MotorsportWeek.c...
MotoGP Brazilian GP: Johann Zarco tops rain-hit Friday...
No description available...
14h ago from Motorsport.com
Popular On IndyCarToday.com
Takuma Sato set for Indy 500 return with Rahal...
No description available...
3d ago from Motorsport.com
Takuma Sato makes Indy 500 return with RLL
Rahal Letterman Lanigan Racing has announced that Takuma Sato will drive...
3d ago from MotorsportWeek.c...
Helio Castroneves confirms return for 26th...
Helio Castroneves has confirmed that he will take part in the upcoming...
3d ago from MotorsportWeek.c...
Helio Castroneves to attempt 2026 Indianapolis 500...
No description available...
3d ago from Motorsport.com
Popular On TotalWRC.com
Kalle Rovanpera’s Super Formula programme suspended...
No description available...
1h ago from Motorsport.com
Kalle Rovanpera’s Super Formula programme paused...
No description available...
5h ago from Motorsport.com
WRC Safari Rally Kenya: Oliver Solberg wants more rain...
No description available...
5h ago from Motorsport.com
Takamoto Katsuta breaks down in tears after...
No description available...
5h ago from Motorsport.com
Popular On GunnersToday.com
'Their guru is all about fouling the goalkeeper' -...
Graeme Souness has criticized Arsenal's set-piece tactics while also...
1h ago from SportsKeeda.com
Saturday round-up: Saka and Merse, modern football,...
Morning all. Let's have a quick Saturday round-up, because while obviously...
2h ago from Arseblog.com
Mikel Arteta provides fitness update on 2 key Arsenal...
Arsenal manager Mikel Arteta has hinted that Martin Odegaard and Jurrien...
5h ago from SportsKeeda.com
Arsenal vs Manchester City Prediction and Betting Tips...
Fireworks will be lit at Wembley on Sunday, as Arsenal and Manchester City...
14h ago from SportsKeeda.com
Comments
Hottest News
Jock Clear warns Fernando Alonso not the driver to save...
Aston Martin’s struggles this 2026 Formula 1... Read More »
45m ago from GrandPrix247.com
Mercedes to be outvoted by F1 rivals as FIA 'submit engine...
F1 2026 title favourites Mercedes could be at... Read More »
2h ago from GPFans.com
Max Verstappen storms to pole position for Nordschleife race
Max Verstappen took pole position for the NLS2 at... Read More »
1h ago from RacingNews365.com
