News Details
‘Dumb Americans' know how to create a budget cap
Liberty Media CEO Greg Maffei has hailed ex-Formula 1 boss Chase Carey for his achievement in making the budget cap a reality. Putting a limit on the spending power of the teams is far from a new concept in Formula 1. Bernie Ecclestone and former FIA president Max Mosley tried and failed in the past, and in time the implications became clear. As comfortably the three highest spenders in Formula 1, Mercedes, Ferrari and Red Bull would go on to establish themselves at the top, with a clear divide on-track to those with more modest budgets in the midfield. But under the leadership of Carey, Formula 1 was finally able to bring in a budget cap. Teams are now permitted to spend up to $145m per...
Full Story »
Full Story »
4y ago from PlanetF1.com
0
You May Also Be Interested In...
Liberty's Maffei on F1 cost cap: 'Dumb Americans' got...
Liberty Media CEO Greg Maffei says former F1 boss Chase Carey deserves...
4y ago from F1i.com
"Stupid Americans, what do they know about...
Bernie Ecclestone was the big man behind Formula 1's commercial growth...
4y ago from GPBlog.com
Defending Chase
I’m certainly not one to be critical of what Chase Carey was able to...
4y ago from TheParcFerme.com
Red Bull to cap F1 drivers' salaries: 'Respect...
In 2021 there will be a budget cap for the first time in Formula 1, which...
4y ago from GPBlog.com
Elsewhere On The Network
Popular On MGPToday.com
Marc Marquez and Ducati set for two-year MotoGP...
No description available...
14h ago from Motorsport.com
Marc Marquez, Francesco Bagnaia unveil retro-inspired...
No description available...
19h ago from Motorsport.com
Marc Marquez shares update on injury recovery at...
No description available...
15h ago from Motorsport.com
Ducati showcases 2026 MotoGP livery
Reigning back-to-back Teams’ Champions Ducati Corse has unveiled its...
19h ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Pato O’Ward joined by F2 champion in McLaren F1...
McLaren has announced its driver development program lineup for 2026,...
4d ago from MotorsportWeek.c...
Long Beach to bring in new leadership for iconic event
Organizers of the annual Grand Prix of Long Beach event have announced...
4d ago from MotorsportWeek.c...
Grand Prix of Long Beach set for leadership change
No description available...
4d ago from Motorsport.com
Kucharczyk set for 2026 Indy NXT run with HMD
No description available...
5d ago from Motorsport.com
Popular On TotalWRC.com
Sebastien Loeb after 13 Dakar punctures: Cars now...
No description available...
1d ago from Motorsport.com
Nani Roma: Dakar 2026 at 'F1 level' after close fight
No description available...
2d ago from Motorsport.com
Dakar 2026: Dacia edges Ford and Toyota as Nasser...
No description available...
2d ago from Motorsport.com
Popular On GunnersToday.com
‘We are getting closer’: Gabriel Jesus targets...
t;li>Brazilian striker yet to hold talks over new dealArteta keen to...
9h ago from TheGuardian.com
Inter vs Arsenal preview: Gunners trio to miss trip
No description available...
10h ago from SkySports.com
Inter Milan vs Arsenal Prediction and Betting Tips |...
The UEFA Champions League is back in action with another set of matches...
11h ago from SportsKeeda.com
Ola Aina uses WWE icon Eddie Guerrero’s line to poke...
Nottingham Forest star Ola Aina was in the middle of the controversy after...
19h ago from SportsKeeda.com
Comments
Hottest News
Honda and Aston Martin launch groundbreaking 2026 power unit
Honda has officially launched its brand-new 2026... Read More »
1h ago from MotorsportWeek.com
LIVE: Honda unveil 2026 F1 power unit for Aston Martin
In a live event in Tokyo, Honda is unveiling its... Read More »
2h ago from RacingNews365.com
Lando Norris warned 'all bets are off' on F1 title defence...
Lando Norris' title defence looks set to be a... Read More »
54m ago from RacingNews365.com
