News Details
‘Smaller teams want lower cap, Ferrari says no'
Formula 1's smaller teams are pushing for next year's budget cap to be lowered to '$100 million' with the topic up for discussion on Monday. Formula 1 is facing its worst financial crisis is over a decade with many teams feeling the pinch. This has already led to McLaren furloughing staff with the drivers taking pay cuts while Lewis Hamilton and the Ferrari team-mates have reportedly also offered to take a wage reduction. However, not all the teams have drivers that earn salaries large enough to make a difference. As such Auto Motor und Sport reports that the smaller teams are calling for next year's budget cap to be lowered from $170 million to ‘$100 million'. They also want all the...
Full Story »
Full Story »
5y ago from PlanetF1.com
0
You May Also Be Interested In...
F1 teams meet Monday: Small teams want even lower...
The Formula 1 season is still at a standstill and that has consequences...
5y ago from GPBlog.com
Szafnauer: Savings of £10 million are possible
Formula 1 teams can save up to £10 million on car development if the...
5y ago from GrandPrix247.com
Racing Point sees £10 million of potential savings...
Racing Point team boss Otmar Szafnauer believes teams could save up to...
5y ago from F1i.com
Szafnauer: 'Crucial' for smaller teams to have...
Racing Point team boss Otmar Szafnauer says the amount of parts teams...
5y ago from F1i.com
Elsewhere On The Network
Popular On MGPToday.com
Marc Marquez strikes back to take Austrian MotoGP...
Marc Marquez continued his dominance in Saturday afternoon races by...
3h ago from MotorsportWeek.c...
Pecco Bagnaia just can’t explain nightmare gremlins...
No description available...
1h ago from Motorsport.com
MotoGP Austrian GP: Marc Marquez beats brother Alex in...
No description available...
3h ago from Motorsport.com
Injured Maverick Vinales to miss MotoGP Hungarian GP...
No description available...
32m ago from Motorsport.com
Popular On IndyCarToday.com
Strongest season yet for Pato O’Ward has been...
Pato O’Ward is having the best IndyCar season of his career, and is...
4h ago from MotorsportWeek.c...
McLaren to auction future F1, IndyCar and WEC cars in...
McLaren is to auction future F1, IndyCar and World Endurance Championship...
2d ago from MotorsportWeek.c...
IndyCar Portland – Race Results
The final road course event of the 2025 IndyCar season was contested on...
5d ago from MotorsportWeek.c...
Chip Ganassi: ‘We’re spoiled’ having drivers...
Alex Palou clinched the 2025 NTT IndyCar Series title over the weekend,...
5d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Esteban Ocon's wild childhood dream: 'I wanted to buy...
No description available...
1d ago from Motorsport.com
How drones will change the way you watch motorsport
No description available...
3d ago from Motorsport.com
How WRC's crucial 2027 rules are falling into place
No description available...
4d ago from Motorsport.com
Kalle Rovanperä hits the jackpot
Kalle Rovanperä and Jonne Halttunen finally won Rally Finland, laying to...
1w ago from MotorsportWeek.c...
Popular On GunnersToday.com
Crystal Palace interested in 25-year-old Arsenal star...
Crystal Palace are reportedly interested in signing Arsenal star Jakob...
4h ago from SportsKeeda.com
'I haven't fulfilled my dreams here yet' | Bruno's...
Manchester United captain Bruno Fernandes discusses leadership groups,...
7h ago from SkySports.com
Arsenal chasing Brazilian defender after Mikel Arteta...
Arsenal are reportedly interested in signing Palmeiras defender Benedetti....
7h ago from SportsKeeda.com
Sources: Arsenal & Man United 'closely following'...
South Korean midfielder Lee Kang-in, who plays for Paris Saint-Germain, is...
10h ago from CaughtOffside.com
Comments
Hottest News
Who is Ella? Meet Lewis Hamilton's Ferrari press officer
You may have noticed a new face by Lewis... Read More »
2h ago from GPFans.com
Why F1 2026 will not see a repeat of 2014 performance gaps
Williams boss James Vowles believes that next... Read More »
32m ago from MotorsportWeek.com
Russell: 'Fresh start' after Hamilton exit ‘really...
Mercedes driver George Russell has described... Read More »
52m ago from F1i.com
