News Details
Smaller F1 teams target budget cap reduction to $100M!
Formula 1's smaller teams, who are most vulnerable to the sport's economic downturn following the coronavirus crisis, are seeking a reduction of next year's budget cap from $170 to $100 million. A disrupted 2020 championship which may not get underway until the late summer is set to inflict massive pain on F1, with revenues falling across the board for Liberty Media, the sport's commercial rights holder, but also for the teams which are preparing for a significant drop in financial revenue. Formula 1 is attempting to mitigate the effects of the shortfall with a series of measures destined to reduce costs for the teams. Szafnauer: 'Crucial' for smaller teams to have unchanged cars for 2021...
Full Story »
Full Story »
You May Also Be Interested In...
‘Smaller teams want lower cap, Ferrari says no'
Formula 1's smaller teams are pushing for next year's budget cap to be...
6y ago from PlanetF1.com
Auto, Motor und Sport: 'FIA considers stricter budget...
Formula 1 is struggling with the consequences of the coronavirus and it...
6y ago from GPBlog.com
Rosberg ditches smartphone to avoid coronavirus frenzy
Nico Rosberg has his own strategy for surmounting the current coronavirus...
6y ago from F1i.com
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
Elsewhere On The Network
Popular On MGPToday.com
Barcelona tumbles haunting Jorge Martin: "I...
No description available...
14h ago from Motorsport.com
Jorge Martin's Red Bull relationship over after...
No description available...
15h ago from Motorsport.com
Pedro Acosta: “Nothing has clicked” after...
No description available...
15h ago from Motorsport.com
Popular On IndyCarToday.com
Alex Palou quickest in first IndyCar practice from...
Just a few short days after the conclusion of a thrilling Indianapolis...
11h ago from MotorsportWeek.c...
How to watch IndyCar 2026 Detroit GP: Weekend...
No description available...
1d ago from Motorsport.com
Barnes: A few thoughts on the schedule surrounding the...
No description available...
2d ago from Motorsport.com
Popular On TotalWRC.com
WRC Rally Japan: Oliver Solberg crashes out while...
No description available...
1h ago from Motorsport.com
Oliver Solberg crashes out of Rally Japan
Oliver Solberg has crashed out of Rally Japan on stage 10. The Swede slid...
2h ago from MotorsportWeek.c...
Rally Japan: Oliver Solberg turns up pressure on Elfyn...
No description available...
4h ago from Motorsport.com
Elfyn Evans heads Toyota top four lockout on Rally...
Elfyn Evans and co-driver Scott Martin delivered a flawless performance...
23h ago from MotorsportWeek.c...
Popular On GunnersToday.com
Barcelona eye Arsenal's Premier League winner as...
Barcelona are reportedly looking at Bayer Leverkusen defender Piero...
29m ago from CaughtOffside.com
'I love to watch them' - Alexander Zverev chooses who...
Tennis star Alexander Zverev has admitted that he wants Paris...
59m ago from SportsKeeda.com
Champions League final preview: Just go and make...
Morning all. It's Champions League final day. I don't know how much I can...
39m ago from Arseblog.com
When Arsenal beat PSG on their way to winning the Cup...
enal relied on their brilliant defence to see off PSG in the semi-finals...
1h ago from TheGuardian.com
Comments
Hottest News
Cadillac respond to Valtteri Bottas F1 axe rumors with...
Graeme Lowdon has refuted rumors suggesting... Read More »
39m ago from MotorsportWeek.com
Alpine Rise From Last Place To Fifth In Constructors'...
Alpine finished last in the constructors'... Read More »
39m ago from Formula1News.co.uk
2026 Monaco Grand Prix: Revised Date, Session Times And...
Formula 1 returns to the glittering streets of... Read More »
2h ago from Formula1News.co.uk
