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 and Pedro Acosta are against MotoGP’s...
No description available...
10h ago from Motorsport.com
Patience, a major goal for Alex Marquez in 2025 MotoGP...
No description available...
11h ago from Motorsport.com
Jack Miller and Miguel Oliveira to keep sweating over...
No description available...
12h ago from Motorsport.com
MotoGP announces free 24/7 streaming service across...
MotoGP has announced a partnership with C15 studios to produce a free...
1d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
McLaren to auction future F1, IndyCar and WEC cars in...
McLaren is to auction future F1, IndyCar and World Endurance Championship...
17h ago from MotorsportWeek.c...
Winners and losers from IndyCar’s Portland 2025...
No description available...
3d ago from Motorsport.com
IndyCar Portland – Race Results
The final road course event of the 2025 IndyCar season was contested on...
4d ago from MotorsportWeek.c...
Chip Ganassi: ‘We’re spoiled’ having drivers...
Alex Palou clinched the 2025 NTT IndyCar Series title over the weekend,...
3d ago from MotorsportWeek.c...
Popular On TotalWRC.com
How drones will change the way you watch motorsport
No description available...
1d ago from Motorsport.com
How WRC's crucial 2027 rules are falling into place
No description available...
2d 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...
Clash with WRC scrutineer earns Ott Tanak 5-min...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Premier League: 10 things to look out for on the...
ther new era at Tottenham, De Cuyper can shine for Brighton and Aston...
4h ago from TheGuardian.com
Premier League’s big show is back, full of thrills...
bs are spending like the world is on fire but the title looks to be...
9h ago from TheGuardian.com
Eberechi Eze player profile: The star at the centre of...
Crystal Palace star Eberechi Eze has become one of the best players in the...
12h ago from CaughtOffside.com
Wayne Rooney predicts where Manchester United,...
Former Manchester United superstar Wayne Rooney has backed Liverpool to...
11h ago from SportsKeeda.com
Comments
Hottest News
Wolff hopes not to see 'energy harvesting disasters in Baku...
Ahead of the introduction of the all-new F1 power... Read More »
1h ago from F1Technical.net
Christian Horner’s Red Bull ‘termination' details...
Christian Horner's Red Bull departure has been... Read More »
11h ago from GPFans.com
Kelly Piquet and Max Verstappen baby reveal sends fans wild
Kelly Piquet has sent fans into a frenzy after... Read More »
8h ago from GPFans.com
