News Details
Szafnauer: Cost cap doesn't have to be maxed out
Racing Point team principal Otmar Szafnauer has reminded everyone that teams don't have to reach the budget cap limit. The budget cap, which will come in from 2021, was originally set at $175m per season with certain exclusions, but teams have agreed in principal to reduce it to $150m, while McLaren are pushing for $100m. This is all in response to the financial impacts of the COVID-19 pandemic on teams, and Ferrari have threatened to quit Formula 1 if the cap goes below $145m, but Szafnauer says the limit helps both in terms of financial stability and the quality of racing in Formula 1. And remember, no team has to spend to that figure. 'The other thing that we have to remember is that...
Full Story »
Full Story »
5y ago from PlanetF1.com
0
You May Also Be Interested In...
F1 teams set for new cost-cap | Can't be 'selfish'
ormula 1 teams should be presented with a budget-cap proposal within the...
5y ago from SkySports.com
Szafnauer 'can't see' Wolff taking stake in Aston...
Racing Point team principal Otmar Szafnauer doesn't believe that Toto...
5y ago from F1i.com
Ferrari and Red Bull refuse to accept a drastically...
While the sport’s main participants, the FIA, the Commercial Rights...
5y ago from F1Technical.net
‘Ferrari has agreed to reduced cap but…'
Good news for McLaren and others wanting a lower budget cap, Ferrari has...
5y ago from PlanetF1.com
Elsewhere On The Network
Popular On MGPToday.com
Marco Bezzecchi after record-breaking Thailand lap:...
No description available...
3h ago from Motorsport.com
Ducati “shouldn’t panic” if Marco Bezzeccchi...
No description available...
3h ago from Motorsport.com
Fabio Quartararo admits he was “too optimistic”...
No description available...
1h ago from Motorsport.com
Popular On IndyCarToday.com
McLaren and Chip Ganassi Racing reach final settlement...
No description available...
1h ago from Motorsport.com
McLaren, Chip Ganassi and Alex Palou release...
McLaren, Chip Ganassi and Alex Palou have released statements after a...
1h ago from MotorsportWeek.c...
How to watch 2026 IndyCar and NASCAR at St. Pete:...
No description available...
18h ago from Motorsport.com
PREMA confirmed to miss opening IndyCar round
PREMA will not be present for this weekend’s season-opening round of...
2d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Why Esapekka Lappi was so happy at WRC Rally Sweden
No description available...
1d ago from Motorsport.com
Acropolis Rally's Thursday parc ferme will be on a boat
No description available...
2d ago from Motorsport.com
Hyundai “realistic and optimistic” in mission to...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Supercomputer predicts chances of winning UEFA...
The UEFA Champions League draw for the Round of 16 is done, and the road...
50m ago from SportsKeeda.com
Arsenal dealt blow as target's current club unwilling...
Arsenal have reportedly been dealt a blow in their transfer plans as Inter...
30m ago from SportsKeeda.com
Arsenal to win Champions League? Fans make feelings...
Fans shared their thoughts after Arsenal's path to the UEFA Champions...
3h ago from SportsKeeda.com
Arsenal legend Ray Parlour predicts all of Gunners’...
Arsenal legend Ray Parlour has predicted the results of all the Gunners'...
4h ago from SportsKeeda.com
Comments
Hottest News
McLaren issue statement after multi-million dollar court...
McLaren's CEO Zak Brown has issued a statement... Read More »
2h ago from RacingNews365.com
Honda identify 'main cause' of Bahrain F1 test horror show
Honda endured a highly difficult pre-season test... Read More »
5h ago from RacingNews365.com
Weather warnings issued in Melbourne ahead of Australian...
Flood warnings have been issued in parts of... Read More »
1h ago from GPFans.com
