News Details
F1 to unveil huge cost-cutting package, including ‘success handicap'
Formula 1 teams have reportedly signed off on a huge package of cost-cutting measures, which will now be sent to the World Motor Sport Council for ratification before they become official. The measures are partly aimed at cutting costs because of the coronavirus pandemic, but also part of a wider ongoing effort to dramatically slash the cost of competing in F1, with budgets steadily rising year-on-year. Whilst it's known a budget cap will be introduced for 2021, it has now been agreed that the starting figure will be $145 million (£120m), which will reduce to $140m in '22 and then $135m for '23 onwards. ADVERTISEMENT This is far lower than the original cap of $175m which had previously...
Full Story »
Full Story »
5y ago from MotorsportWeek.com
0
You May Also Be Interested In...
Russell ‘a little bit jealous' seeing his mates...
Williams Formula 1 driver George Russell admitted he's a 'little bit...
5y ago from MotorsportWeek.com
Ferrari are ‘mad' if they pushed Vettel out says...
Formula 1 champion Jenson Button says it would be 'madness' if rumours...
5y ago from MotorsportWeek.com
A Vettel-Hamilton ‘super team' would be good for...
Bernie Ecclestone is pushing for Mercedes to sign Sebastian Vettel in a...
5y ago from MotorsportWeek.com
Wolff ‘very proud' Formula 1 season will start...
Mercedes team boss Toto Wolff says he's 'very proud' that the 2020...
5y ago from MotorsportWeek.com
Elsewhere On The Network
Popular On MGPToday.com
BMW admits 2027 MotoGP entry ‘not viable’ as it...
BMW has admitted it is “not viable” for the German manufacturer to...
20h ago from MotorsportWeek.c...
Why the next contract matters more to Fabio Quartararo...
No description available...
1d ago from Motorsport.com
Honda in conundrum over Somkiat Chantra stand-in for...
No description available...
2d ago from Motorsport.com
Marc Marquez shares initial reaction to new MotoGP...
Marc Marquez shared his verdict on the new Balaton Park MotoGP circuit...
5d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Winners and losers from IndyCar’s Portland 2025...
No description available...
16h ago from Motorsport.com
Chip Ganassi: ‘We’re spoiled’ having drivers...
Alex Palou clinched the 2025 NTT IndyCar Series title over the weekend,...
17h ago from MotorsportWeek.c...
IndyCar Portland – Race Results
The final road course event of the 2025 IndyCar season was contested on...
1d ago from MotorsportWeek.c...
Alex Palou clinches title, becomes IndyCar’s newest...
Alex Palou is the champion of the 2025 NTT IndyCar Series, having locked...
1d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Kalle Rovanperä hits the jackpot
Kalle Rovanperä and Jonne Halttunen finally won Rally Finland, laying to...
1w ago from MotorsportWeek.c...
Kurt Busch backs WRC return to USA after first taste...
No description available...
1w ago from Motorsport.com
Future second Asian/Pacific event behind WRC calendar...
No description available...
6d ago from Motorsport.com
Sebastien Ogier sets sights on WRC 2025 title push
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Real Madrid Transfer News Roundup: Manchester City...
Real Madrid travel to the Tivoli Stadion Tirol on Tuesday, August 12, to...
2h ago from SportsKeeda.com
Arsecast Extra Episode 653 – 11.08.2025
Welcome to another Arsecast Extra, the Arsenal podcast, with myself and...
18h ago from Arseblog.com
Terms agreed: Arsenal close in on marquee signing...
Arsenal manager Mikel Arteta plans to continue his transfer business with...
22h ago from CaughtOffside.com
“I’d agree” - Alan Shearer and Gary Lineker say...
Alan Shearer and Gary Lineker believe that Viktor Gyokeres' arrival might...
20h ago from SportsKeeda.com
Comments
Hottest News
Max Verstappen decision defended as 'clickbait' Mercedes...
Max Verstappen is going nowhere for 2026, with... Read More »
36m ago from RacingNews365.com
Oscar Piastri highlights crucial F1 title demand as Lando...
Oscar Piastri currently holds the lead of the F1... Read More »
1h ago from RacingNews365.com
F1 News Today: Lewis Hamilton caught out as Max Verstappen...
A Red Bull F1 insider has opened up on his... Read More »
1h ago from GPFans.com
