News Details
$175million cost cap coming for 2021
A cost cap of $175million per year looks set to be imposed as part of the 2021 overhaul of Formula 1, according to Autosport. The new limit will require Mercedes, Ferrari and Red Bull to reduce their current budgets and will be part of the newly formed Formula 1 Financial Regulations to run alongside the existing FIA Sporting and Technical Regulations. Nigel Kerr is the man behind the cap – a former financial chief for Honda, Brawn and Mercedes, he was snapped up by Ross Brawn in 2017, given the title of finance director, motorsports, and tasked with designing the brief for a viable cost cap. The restriction will be in place for the five seasons from 2021-25 with the provision for...
Full Story »
Full Story »
6y ago from PlanetF1.com
0
You May Also Be Interested In...
Budgets and parc fermé regulation shaking up paddock
Photo by: www.kymillman.com/f1 A couple of interesting stories out of...
6y ago from TheParcFerme.com
Formula 1 to impose $175m budget cap from 2021
Formula 1 set to introduce $175m budget cap Formula 1 is set to introduce...
6y ago from SpeedCafe.com
$175m cost cap intended for 2021
For as long as anyone can remember, there have been calls to limit team...
6y ago from Pitpass.com
2021 changes play no role in Raikkonen's future
Kimi Raikkonen has confirmed that the overhaul of Formula 1 planned for...
6y ago from PlanetF1.com
Elsewhere On The Network
Popular On MGPToday.com
Francesco Bagnaia’s slump “all in his head” amid...
No description available...
3h ago from Motorsport.com
Toprak Razgatlioglu reveals ‘biggest difference’...
Toprak Razgatlioglu has revealed how “different” MotoGP is to...
9h ago from MotorsportWeek.c...
Supersub Pol Espargaro deserves to be full-time MotoGP...
No description available...
1d ago from Motorsport.com
Honda reveals how Ai Ogura snub pushed Diogo Moreira...
Honda was forced to change its “original plan” to sign Diogo Moreira...
1d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Tony Kanaan praises FIA for revising IndyCar...
No description available...
41m ago from Motorsport.com
FIA increases IndyCar super license allocations
The World Motorsport Council has announced that the allocation of super...
3h ago from MotorsportWeek.c...
IndyCar looking to add ‘more events, not just...
IndyCar has identified a need to make sure future races on the calendar...
4d ago from MotorsportWeek.c...
Popular On TotalWRC.com
FIA reveals final details of WRC 2027 regulations
No description available...
5h ago from Motorsport.com
What Adrien Fourmaux and Oliver Solberg learned from...
No description available...
6h ago from Motorsport.com
Hayden Paddon, Esapekka Lappi and Dani Sordo join...
No description available...
5d ago from Motorsport.com
Oliver Solberg steps up WRC 2026 preparations with...
No description available...
6d ago from Motorsport.com
Popular On GunnersToday.com
'What’s going on at this club', 'This should be...
Arsenal are left stunned on social media as Mikel Arteta has named...
21m ago from SportsKeeda.com
Arsenal and Tottenham eyeing £50m wide player who...
Arsenal and Tottenham Hotspur have been linked with a move for the...
2h ago from CaughtOffside.com
Insider reports Man United plan to sign Arsenal star...
A major transfer storm could be brewing in English football, with...
6h ago from CaughtOffside.com
Comments
Hottest News
Helmut Marko's shock comments over F1 star were last straw...
Helmut Marko will leave Red Bull at the end of... Read More »
3h ago from GPFans.com
Michael Schumacher ally ROBBED and left injured in shock...
An ally of seven-time F1 champion Michael... Read More »
1h ago from GPFans.com
Behind the spin: Why Helmut Marko is really out at Red Bull
Red Bull has confirmed that Helmut Marko, the... Read More »
7h ago from F1i.com
