News Details

Wolff hits reverse over budget cap - Marko

Apr.24 Toto Wolff has "suddenly" hit reverse gear on a drastic reduction of the 2021 budget cap. That is the claim of Red Bull's Dr Helmut Marko, who said the Mercedes team boss was earlier a supporter of moves to significantly drive down the number amid the corona crisis. "A few weeks ago Wolff was willing to accept $100 million," Marko told f1-insider.com. "But now he has written a letter to the FIA in which he suddenly speaks of $145 million." Marko said his fellow Austrian was also recently a supporter of a separate budget cap for driver salaries, "but now he (Wolff) doesn't want to take this step until 2025".
Full Story »
Share

You May Also Be Interested In...

Brown hammers 'in denial' Ferrari over stance on...

McLaren F1 boss Zak Brown has called out Ferrari for its inflexible...
5y ago from F1i.com

No 'two speed' budget cap in 2021 - Abiteboul

Apr.17 F1 should not implement a 'two speed' budget cap next year,...
5y ago from OneStopStrategy.com

Ferrari threatens to quit over budget cap dispute

Apr.23 Ferrari has warned that it could quit Formula 1 over the current...
5y ago from OneStopStrategy.com

Formula 1 making progress on cost cap but not there yet

Formula 1 has advanced further on its efforts to define an appropriate...
5y ago from F1i.com

Elsewhere On The Network

Popular On MGPToday.com

Popular On IndyCarToday.com

Chip Ganassi praises current health of IndyCar

Long-time team owner Chip Ganassi feels IndyCar is currently in one of...
13h ago from MotorsportWeek.c...

Mick Schumacher’s IndyCar debut returns him to the...

Mick Schumacher began his IndyCar career this past weekend, competing in...

Popular On TotalWRC.com

Popular On GunnersToday.com

Sources: Four elite clubs 'interested' as 100m Arsenal...

I’m aware there has been a report doing the rounds about Arsenal...
57m ago from CaughtOffside.com

“Chelsea gave me what was difficult for me to get at...

Former Chelsea and Arsenal star Cesc Fabregas has opened up on his wish to...
17m ago from SportsKeeda.com

“I am sure” - Ex-Spurs manager Harry Redknapp...

Former Tottenham Hotspur boss Harry Redknapp reckons Arsenal are going to...
17m ago from SportsKeeda.com

Player has his heart set on Arsenal transfer, he's...

Bayern Munich midfielder Leon Goretzka feels in his heart that Arsenal...
2h ago from CaughtOffside.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.