News Details

F1 drivers to be included in salary cap working group

Formula 1's drivers will have a seat at the table when a new working group begins its discussions on a salary cap proposal which the sport aims to introduce in the future. This year's $145 million budget cap excludes, among other items, drivers' retainers as well as the salaries of the three highest paid members of a team's management. Last year, a proposal was tabled to limit drivers' salaries to $30 million. The idea gained traction with team bosses who see the restriction as a useful tool to help lower costs and drive equality in the sport. However, a few significant legal hurdles will likely need to be ironed out before such a provision cap can be implemented. The topic was discussed...
Full Story »
5y ago from F1i.com 0
Share

You May Also Be Interested In...

F1 drivers to be included in new working group to...

Get F1 news in your inbox! By signing up to the newsletter you agree to...
5y ago from Crash.net

McLaren Racing CEO Calls For Driver Salary Cap Amid...

McLaren Racing CEO Zak Brown has called on Formula One to agree a driver...
5y ago from Formula1News.co.uk

Working group to investigate F1 driver salary cap

Formula 1 will create a working group, which will include drivers, in...
5y ago from MotorsportWeek.com

Oxford Dictionary Removes ‘Outdated’ Words...

Three words have been removed from the Oxford Advanced Learner’s...
5y ago from Formula1News.co.uk

Elsewhere On The Network

Popular On MGPToday.com

Popular On IndyCarToday.com

Takuma Sato makes Indy 500 return with RLL

Rahal Letterman Lanigan Racing has announced that Takuma Sato will drive...

Helio Castroneves confirms return for 26th...

Helio Castroneves has confirmed that he will take part in the upcoming...

Popular On TotalWRC.com

WRC Rally Scotland brings top tier rallying back to...

The 2027 WRC calendar should have an exciting new event on the calendar:...

Popular On GunnersToday.com

Arsenal striker Gabriel Jesus names trophy he wants to...

Arsenal striker Gabriel Jesus has asserted that he is most interested in...
17m ago from SportsKeeda.com

Report confirms Arsenal interest in signing Newcastle...

Arsenal have an interest in both Sandro Tonali and Tino Livramento of...
1h ago from CaughtOffside.com

“It’s going to get spicy” - Agbonlahor predicts...

Former Aston Villa striker Gabriel Agbonlahor has predicted Arsenal to...
2h ago from SportsKeeda.com

“Would absolutely batter them” - Micah Richards...

Pundit Micah Richards has predicted the outcome of a potential meeting...
3h ago from SportsKeeda.com

Comments

Hottest News

Recent News


2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.