News Details

F1 teams in "broad agreement" on spending cap

Formula 1 CEO Chase Carey says there is "broad agreement" from teams regarding the introduction of a cap on spending, and insists that it would make the sport more attractive for new entrants. The subject was discussed in principle in Tuesday's F1 Strategy Group meeting in Geneva, although there were no details or specific numbers, and Carey is keen not to give too much away. "I don't want to get too far into negotiating in public," said Carey. "What I would say is we have obviously begun all this. I think directionally there's board agreement about the direction we're talking about. "We obviously have to get into the specifics, and in the details there will be...
Full Story »
8y ago from Motorsport.com 0
Share

You May Also Be Interested In...

Ecclestone: Ferrari threat is real if regulations...

F1 News Ecclestone: Ferrari threat is real if regulations prevent winning...
8y ago from Formula1Blog.com

Wolff: The battle for 2018 has already begun

Not content with his endless claims that his team's dominance is under...
8y ago from Pitpass.com

Ferrari could quit F1 from 2021 over new regulations

Ferrari president Sergio Marchionne has said the team could quit Formula 1...
8y ago from BBC.co.uk

Ferrari could leave F1 after 2020

Ferrari could quit Formula One after 2020 if the sport's new owners take...
8y ago from SuperSport.com

Elsewhere On The Network

Popular On MGPToday.com

Popular On IndyCarToday.com

IndyCar looking to add ‘more events, not just...

IndyCar has identified a need to make sure future races on the calendar...
16h ago from MotorsportWeek.c...

JHR retains Sting Ray Robb for second season

Juncos Hollinger Racing has confirmed that Sting Ray Robb will remain...

Aggressive testing schedule planned ahead of Mick...

Following confirmation Mick Schumacher will make a switch to IndyCar next...

Popular On TotalWRC.com

Hyundai World Rally Team reverts to shared third car...

Hyundai Motorsport has announced its full line-up for the 2026 FIA World...

Popular On GunnersToday.com

Aston Villa v Arsenal – live blog

Join us for live blog coverage of our Premier League clash away to Aston...
33m ago from Arseblog.com

Aston Villa v Arsenal: Premier League – live

Premier League updates from the 12.30pm GMT kick-off<br>⚽ <a...
1h ago from TheGuardian.com

Sources: Arsenal rival Man City for versatile talent...

Arsenal and Manchester City are among the clubs most interested in a...
3h ago from CaughtOffside.com

“Shouldn’t be starting”, “Don’t overdo...

Arsenal fans on X are unhappy with Mikel Arteta’s decision to name Mikel...
13m 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.