News Details

Stroll: New budget cap makes teams profitable

Lawrence Stroll is new to Formula 1 team ownership but when he says he is in it to win it with Aston Martin, and believes he can, he speaks as someone who has been around the sport for decades. The Canadian billionaire, who made his fortune in fashion, told Reuters the introduction of a budget cap this season and a fairer distribution of revenues could make the dream come true. 'If (F1 owners) Liberty had not brought in the rules of the new budget cap, and the new cash distribution, I would never have made the investment and acquired a Formula One team,' he said. 'With this new budget cap, it makes these teams profitable. We´re all playing on a level playing field, it´s not that two or...
Full Story »
4y ago from GrandPrix247.com 0
Share

You May Also Be Interested In...

Mercedes tackles F1 budget cap with new division

Mar.4 A new division at Mercedes was set up to help the Formula 1 team...
4y ago from OneStopStrategy.com

Ferrari WEC hypercar project NOT the result of F1...

Mattia Binotto has denied that Ferrari's decision to enter the new World...
4y ago from GPFans.com

F1 budget cap will stop simultaneous car development -...

Alfa Romeo technical director Jan Monchaux believes the introduction of a...
4y ago from GPFans.com

Million dollar pay cut for Hamilton and Verstappen?

Article To news overview © Mercedes It looks as though Formula 1 boss...
4y ago from RacingNews365.com

Elsewhere On The Network

Popular On MGPToday.com

Popular On IndyCarToday.com

IndyCar partners with iRacing for standalone video...

The NTT IndyCar Series will feature in a new branded video game title,...

Popular On TotalWRC.com

Popular On GunnersToday.com

'They were already a strong team' - Liverpool boss...

Liverpool manager Arne Slot has heaped praise on Arsenal ahead of their...
55m ago from SportsKeeda.com

Fabrizio Romano says Arsenal 'on the verge' of new...

Arsenal are on the verge of a deal to sign Bayer Leverkusen's versatile...
1h ago from CaughtOffside.com

Can Eze complete redemption arc and push Arsenal to PL...

Eberechi Eze's journey to becoming an Arsenal player was one that began...
2h ago from SkySports.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.