News Details
‘Smaller teams want lower cap, Ferrari says no'
Formula 1's smaller teams are pushing for next year's budget cap to be lowered to '$100 million' with the topic up for discussion on Monday. Formula 1 is facing its worst financial crisis is over a decade with many teams feeling the pinch. This has already led to McLaren furloughing staff with the drivers taking pay cuts while Lewis Hamilton and the Ferrari team-mates have reportedly also offered to take a wage reduction. However, not all the teams have drivers that earn salaries large enough to make a difference. As such Auto Motor und Sport reports that the smaller teams are calling for next year's budget cap to be lowered from $170 million to ‘$100 million'. They also want all the...
Full Story »
Full Story »
6y ago from PlanetF1.com
0
You May Also Be Interested In...
F1 teams meet Monday: Small teams want even lower...
The Formula 1 season is still at a standstill and that has consequences...
6y ago from GPBlog.com
Szafnauer: Savings of £10 million are possible
Formula 1 teams can save up to £10 million on car development if the...
6y ago from GrandPrix247.com
Racing Point sees £10 million of potential savings...
Racing Point team boss Otmar Szafnauer believes teams could save up to...
6y ago from F1i.com
Szafnauer: 'Crucial' for smaller teams to have...
Racing Point team boss Otmar Szafnauer says the amount of parts teams...
6y ago from F1i.com
Elsewhere On The Network
Popular On MGPToday.com
Aprilia MotoGP chief: Pedro Acosta shouldn't have been...
No description available...
11h ago from Motorsport.com
Liberty Media could scrap MotoGP two-bike rule from...
The proposed regulation change would end flag-to-flag racing and align...
13h ago from MotorsportWeek.c...
Alex Marquez suffers fractures in frightening Catalan...
No description available...
5d ago from Motorsport.com
Alex Marquez to miss next two MotoGP rounds after...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Katherine Legge previews extreme planning to complete...
Katherine Legge is preparing to become the first woman to attempt The...
3h ago from MotorsportWeek.c...
Social media star Daniel Mac is heading to the Indy 500
No description available...
4h ago from Motorsport.com
Newgarden fastest in frantic Carb Day practice
The NTT IndyCar Series held its traditional final Indy 500 practice...
5h ago from MotorsportWeek.c...
Josef Newgarden sends Indy 500 warning by topping...
No description available...
5h ago from Motorsport.com
Popular On TotalWRC.com
Toyota “nervous” of Hyundai threat ahead of WRC...
No description available...
2d ago from Motorsport.com
The mental challenge WRC leader Elfyn Evans faces at...
No description available...
4d ago from Motorsport.com
Why returning to the WRC podium was so important for...
No description available...
1w ago from Motorsport.com
How Sebastien Ogier’s near-perfect Rally Portugal...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Premier League news: Liverpool back Slot with move for...
No description available...
1h ago from TheGuardian.com
Man United tracking 12-goal long-term target as...
Goncalo Ramos is expected to leave PSG at the end of the season, and...
2h ago from CaughtOffside.com
Man United pushing hardest to sign 22-year-old Arsenal...
Alex Scott has been linked with a move away from Bournemouth at the end of...
3h ago from CaughtOffside.com
Arsenal’s title win should be studied by politicians...
sensational victory didn’t happen by accident, it took years of...
4h ago from TheGuardian.com
Comments
Hottest News
F1 2026 Canadian Grand Prix – Sprint Qualifying...
George Russell took a dominant pole position for... Read More »
1h ago from MotorsportWeek.com
F1 Sprint Qualifying Results: Lewis Hamilton on top as...
The good news first: Lewis Hamilton set the two... Read More »
2h ago from GPFans.com
F1 2026 Canadian Grand Prix – FP1 Results
Andrea Kimi Antonelli went fastest in first... Read More »
5h ago from MotorsportWeek.com
