News Details
F1 teams approve radical cost-cutting measures
Formula 1 teams have approved major cost-cutting changes aimed at helping the sport see out the coronavirus crisis. Teams voted on Friday over a package of cost-cutting measures to secure the future of F1 in the wake of the ongoing COVID-19 crisis and agreed to accept the changes, according to a report by BBC Sport. Earlier this month, F1’s managing director of motorsports Ross Brawn revealed teams had supported a bid to slash the budget cap from $175m down to $145. Despite initial resistance from Ferrari, following weeks of discussions between the 10 teams, the FIA and F1 bosses, the $30m reduction has been formally accepted by e-vote. It is understood the cost cap will be lowered...
Full Story »
Full Story »
You May Also Be Interested In...
Formula 1 teams approve cost-cap, other changes
Formula 1 is set to move forward with a $145 million budget cap...
5y ago from GrandPrix247.com
F1 teams set for $145M cost cap, radical aero handicap...
According to reports, Formula 1, the FIA and the teams have agreed to a...
5y ago from TheParcFerme.com
Formula 1 teams agree cost-cutting package
Formula 1 teams have agreed to a package of cost-cutting changes to help...
5y ago from BBC.co.uk
British corona measures create major problems for...
The modified Formula 1 season of 2020 is taking more and more shape as...
5y ago from GPBlog.com
Elsewhere On The Network
Popular On MGPToday.com
Fabio Di Giannantonio secures pole position on...
VR46 Ducati's Fabio Di Giannantonio ended a four-year drought to claim...
1h ago from MotorsportWeek.c...
Ai Ogura fastest in final Brazilian MotoGP practice
Trackhouse Racing rider Ai Ogura recorded the fastest time in the final...
2h ago from MotorsportWeek.c...
MotoGP Brazilian GP: Fabio di Giannantonio takes pole...
No description available...
1h ago from Motorsport.com
Huge hole on main straight poses new problem for...
No description available...
23m 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...
4d ago from MotorsportWeek.c...
Helio Castroneves to attempt 2026 Indianapolis 500...
No description available...
4d ago from Motorsport.com
Popular On TotalWRC.com
Kalle Rovanpera’s Super Formula programme suspended...
No description available...
7h ago from Motorsport.com
Kalle Rovanpera’s Super Formula programme paused...
No description available...
11h ago from Motorsport.com
WRC Safari Rally Kenya: Oliver Solberg wants more rain...
No description available...
11h ago from Motorsport.com
Takamoto Katsuta breaks down in tears after...
No description available...
11h ago from Motorsport.com
Popular On GunnersToday.com
Pep Guardiola appears to confirm star man will not...
Manchester City boss Pep Guardiola has seemingly confirmed the...
4h ago from SportsKeeda.com
'Their guru is all about fouling the goalkeeper' -...
Graeme Souness has criticized Arsenal's set-piece tactics while also...
6h 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...
7h ago from Arseblog.com
Mikel Arteta provides fitness update on 2 key Arsenal...
Arsenal manager Mikel Arteta has hinted that Martin Odegaard and Jurrien...
10h ago from SportsKeeda.com
Comments
Hottest News
F1 News Today: Max Verstappen left laughing as Mercedes...
Four-time F1 champion Max Verstappen has been... Read More »
2h ago from GPFans.com
Max Verstappen hints at next Nordschleife race after...
Max Verstappen enjoyed a dominant run to victory... Read More »
43m ago from RacingNews365.com
2026 Formula E Madrid E-Prix - results
Check out the full results of Formula E's... Read More »
1h ago from RacingNews365.com
