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
No new Yamaha MotoGP engine until after French GP,...
No description available...
8h ago from Motorsport.com
Aprilia on dominant MotoGP start: 'Ducati isn’t...
No description available...
1d ago from Motorsport.com
Fermin Aldeguer to attempt MotoGP comeback in Brazil...
No description available...
1d ago from Motorsport.com
Davide Tardozzi: Ducati 'slapped in the face' by...
No description available...
2d ago from Motorsport.com
Popular On IndyCarToday.com
David Malukas tops 175MPH in IndyCar’s opening...
Just five days after the opening round of the 2026 IndyCar season,...
2h ago from MotorsportWeek.c...
Felix Rosenqvist suffers violent crash in opening...
No description available...
2h ago from Motorsport.com
Chip Ganassi praises current health of IndyCar
Long-time team owner Chip Ganassi feels IndyCar is currently in one of...
20h ago from MotorsportWeek.c...
Andretti boss: “I don’t think anything’s a...
No description available...
1d ago from Motorsport.com
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...
3d 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
Arsenal to battle it out with Man City for £48m...
Arsenal are interested in signing the Como attacker Jesus Rodriguez at the...
1h ago from CaughtOffside.com
Martin Odegaard among 8 players Arsenal are...
Martin Odegaard has surprisingly emerged as one of the players Arsenal are...
1h ago from SportsKeeda.com
'Don’t really care about what he says' –...
Arsenal’s 1-0 victory over Brighton & Hove Albion might not have been a...
3h ago from CaughtOffside.com
CaughtOffside's Transfer Fit rating explained: Michael...
Transfers are a big part of football, and it's every bit as chaotic and...
4h ago from CaughtOffside.com
Comments
Hottest News
Aston Martin have a genius trick to overcome F1 car's bad...
A bizarre trick could help F1 stars Fernando... Read More »
2h ago from GPFans.com
Qatar Airways pulls out of F1 Australian GP as Middle East...
Qatar Airways has confirmed it has pulled out of... Read More »
49m ago from MotorsportWeek.com
Honda lost most of its Formula 1 qualified staff and didn't...
Adrian Newey said Aston Martin was blindsided by... Read More »
7h ago from GrandPrix247.com
