News Details
Horner: Budget cap has forced 'painful' redundancies
Article To news overview © Getty Images/Red Bull Contentpool Red Bull team boss Christian Horner has said that the enforced downsizing of the team due to the introduced budget cap, has resulted in having to make 'painful' redundancies. Formula 1 teams are restricted to a budget of $145 million in 2021, as part of the new financial cost cap introduced to the sport in an effort to increase competition across the field. While smaller teams might not have trouble keeping to that cap, bigger teams like Red Bull Racing are having to downsize their operations a little in order to reduce costs. We’ve had to go through the pain of redundancies over the winter," confirmed Christian Horner in...
Full Story »
Full Story »
4y ago from RacingNews365.com
0
You May Also Be Interested In...
Wolff and Horner reveal "pain" of axing...
Ian Parkes Friday 2 april 2021 17:05 Mercedes team principal Toto Wolff...
4y ago from GPFans.com
Red Bull long-term staff redundancies ‘painful'
Red Bull boss Christian Horner discussed the mammoth task of falling...
4y ago from PlanetF1.com
Horner: 'Dirt on Verstappen's tyres gave Lewis...
Christian Horner is disappointed Max Verstappen was unable to take the...
4y ago from GPBlog.com
Horner: 'Dirt on Verstappen's tyres gave Lewis...
Christian Horner is disappointed Max Verstappen was unable to take the...
4y ago from GPBlog.com
Elsewhere On The Network
Popular On MGPToday.com
No new Yamaha MotoGP engine until after French GP,...
No description available...
1d ago from Motorsport.com
Aprilia on dominant MotoGP start: 'Ducati isn’t...
No description available...
1d ago from Motorsport.com
Davide Tardozzi: Ducati 'slapped in the face' by...
No description available...
2d ago from Motorsport.com
MotoGP: Qatar GP ‘unlikely', but a ‘plan...
MotoGP Sports Entertainment Group has admitted that the Qatar Grand Prix...
2d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
David Malukas earns Phoenix IndyCar pole as Will Power...
No description available...
15h ago from Motorsport.com
IndyCar's David Malukas eager to convert Phoenix pole...
No description available...
12h ago from Motorsport.com
IndyCar veterans praise Mick Schumacher for...
No description available...
13h ago from Motorsport.com
IndyCar Phoenix – Qualifying Results
IndyCar’s busy Friday continued with a single-car, two-lap qualifying...
15h ago from MotorsportWeek.c...
Popular On TotalWRC.com
Why Hyundai WRC team is "working at 120 per...
No description available...
1d ago from Motorsport.com
Lando Norris samples Toyota rally car alongside Oliver...
No description available...
4d ago from Motorsport.com
Lancia rally legend Sandro Munari passes away aged 85
No description available...
6d ago from Motorsport.com
Popular On GunnersToday.com
Mansfield v Arsenal: FA Cup fifth round – live
FA Cup fifth round news from the 12.15pm GMT kick-off<br>⚽ <a...
55m ago from TheGuardian.com
'We could lose him' – Ray Parlour predicts...
Former Arsenal midfielder Ray Parlour has made it clear that Gabriel Jesus...
1h ago from CaughtOffside.com
14 G/A star puts Arsenal on alert as he's open to...
Arsenal are reportedly interested in a potential transfer swoop for Paris...
1h ago from CaughtOffside.com
'My agent's calling me…' – Former Arsenal...
Former Arsenal star Alex Iwobi has revealed the chaotic way his exit from...
2h ago from CaughtOffside.com
Comments
Hottest News
FIA announce late Mercedes penalty verdict after front row...
The FIA have confirmed a late penalty verdict for... Read More »
2h ago from GPFans.com
Lando Norris says George Russell only one saying Australian...
Lando Norris did not have the best of starts to... Read More »
2h ago from GrandPrix247.com
'Huge potential' in Aston Martin, says Alonso
Fernando Alonso says there is "huge... Read More »
1h ago from BBC.co.uk
