News Details
Verstappen's manager calls F1 driver salary cap 'total idiocy'
Raymond Vermeulen, the man who looks after the interests of reigning F1 world champion Max Verstappen, calls the idea of a salary cap in F1 for drivers "total idiocy". Last year, in a bid to reduce the sport's costs, Formula 1 introduced a sliding scale mandatory budget cap under which teams must operate. The threshold started at $145m in 2021 and has fallen to $140m this season, with the cap further reduced to $135m in 2023. However, in addition to such items such as power units and marketing and hospitality costs, drivers' retainers are also excluded from the budget cap. Although contracts are confidential by nature, various reports put Lewis Hamilton at the top of F1's best...
Full Story »
Full Story »
You May Also Be Interested In...
Verstappen manager calls F1 driver salary cap 'total...
Raymond Vermeulen, the man who looks after the interests of reigning F1...
3y ago from F1i.com
Max's manager labels salary cap ‘total idiocy'...
Max Verstappen's manager Raymond Vermeulen says the idea of a salary cap...
3y ago from PlanetF1.com
Verstappen's manager slams salary cap idea
May 29 Max Verstappen has slammed as 'idiocy' plans to enforce a driver...
3y ago from OneStopStrategy.com
Verstappen's manager warns the FIA that a driver...
With inflation hitting every corner of the planet, discussions have begun...
3y ago from Formula1News.co.uk
Elsewhere On The Network
Popular On MGPToday.com
Former F1 team principal Guenther Steiner set to take...
Former Haas Formula 1 team principal Guenther Steiner is finalising a...
1d ago from MotorsportWeek.c...
Guenther Steiner finalizing purchase of Tech3 MotoGP...
No description available...
1d ago from Motorsport.com
Why Alex Marquez isn't worried he’s tumbling out of...
No description available...
1d ago from Motorsport.com
‘At Balaton, MotoGP bikes might not even use fifth...
No description available...
3d ago from Motorsport.com
Popular On IndyCarToday.com
FOX Corporation acquires one-third stake in IndyCar...
No description available...
2d ago from Motorsport.com
FOX acquires 33% stake in Penske Entertainment, IndyCar
Fox Corporation, parent company of broadcast company FOX Sports, has...
2d ago from MotorsportWeek.c...
Colton Herta: IndyCar at Laguna Seca is a...
IndyCar’s latest visit to Laguna Seca produced rave reviews from...
4d ago from MotorsportWeek.c...
Alex Palou will not play it safe in Portland to secure...
No description available...
4d ago from Motorsport.com
Popular On TotalWRC.com
WRC Rally Finland: Toyota locks out top five after...
No description available...
19h ago from Motorsport.com
Kalle Rovanperä leads five-driver Toyota lockout in...
Wet weather greeted the competitors on Saturday morning as the longest...
18h ago from MotorsportWeek.c...
Clash with WRC scrutineer earns Ott Tanak 5-min...
No description available...
1d ago from Motorsport.com
World Rally Champion claims “all hopes are lost”...
No description available...
17h ago from Motorsport.com
Popular On GunnersToday.com
Liverpool's interest in PL star could complicate...
Liverpool's interest in English defender Marc Guehi could be a major blow...
23m ago from SportsKeeda.com
Fabrizio Romano: Arsenal make contact to sign another...
Arsenal were thought to have turned their attention to sealing one or two...
1h ago from FreshArsenal.com
Why did Arsenal step away from possible deal for...
Arsenal reportedly pulled out of the race for Alexander Isak this summer...
2h ago from SportsKeeda.com
Real Madrid Transfer News Roundup: Liverpool eyeing...
Real Madrid are looking ahead to their pre-season tie against WSG Tirol at...
1h ago from SportsKeeda.com
Comments
Hottest News
Red Bull hit with PENALTY after FIA confirm rules breaches
Red Bull have been hit with a major rules breach... Read More »
2h ago from GPFans.com
Max Verstappen makes shock request after Red Bull horror...
Max Verstappen has made a request not many would... Read More »
4h ago from RacingNews365.com
Lewis Hamilton takes Ferrari merchandise OFF fan at...
Lewis Hamilton was filmed snatching Ferrari... Read More »
3h ago from GPFans.com
