News Details
'Red Bull quits alliance with Ferrari and Mercedes in budgetcap talks'
As a result of the corona crisis, Formula 1 teams run the risk of ending up in major financial problems. In order to accommodate the smaller teams in these difficult times, a further reduction of the budget ceiling for 2021 has been proposed. Last year it was agreed that the limit will be 175 million dollars, now a number of teams are pleading to reduce this amount to as much as 100 million dollars. It will come as no surprise that any form of further reduction so far has been blocked by the three big teams. Normally the teams have to agree unanimously to come to a decision on this. However, since this is now an emergency situation, a majority is enough to implement new regulations. Read...
Full Story »
Full Story »
5y ago from GPBlog.com
0
You May Also Be Interested In...
Virgin Racing: The team of the 2010 generation that...
In 2021 the time has finally come: the Formula introduces a budget limit....
5y ago from GPBlog.com
Wolff hits reverse over budget cap - Marko
Apr.24 Toto Wolff has "suddenly" hit reverse gear on a drastic...
5y ago from OneStopStrategy.com
Brown: Ferrari are living in denial
McLaren boss Zak Brown has accused Ferrari of being in denial about the...
5y ago from GrandPrix247.com
Ferrari issue F1 quit threat over 'demanding' budget...
Ferrari team principal Mattia Binotto has warned that the manufacturer...
5y ago from GPFans.com
Elsewhere On The Network
Popular On MGPToday.com
MotoGP completes investigation into Brazilian GP...
No description available...
10h ago from Motorsport.com
Maverick Vinales and Jorge Lorenzo's partnership cools...
No description available...
15h ago from Motorsport.com
Jorge Martin: Brazilian MotoGP podium ‘feels...
Jorge Martin admits that his double podium from the Brazilian MotoGP...
13h ago from MotorsportWeek.c...
Ducati: “We can’t always rely on Marc Marquez to...
No description available...
18h ago from Motorsport.com
Popular On IndyCarToday.com
Will Power: “You cannot have a weakness” going...
No description available...
7h ago from Motorsport.com
Will Power compares ‘military-like’ Andretti to...
When Will Power signed a contract to join Andretti Global for the 2026...
7h ago from MotorsportWeek.c...
Carb day concert line-up announced for Indy 500
Indianapolis Motor Speedway has announced which bands will be playing on...
13h ago from MotorsportWeek.c...
Legacy Grand Prix of Long Beach promoter Jim...
No description available...
3d ago from Motorsport.com
Popular On TotalWRC.com
Takamoto Katsuta backs Kalle Rovanpera to “come back...
No description available...
1d ago from Motorsport.com
Kalle Rovanpera’s Super Formula programme suspended...
No description available...
3d ago from Motorsport.com
Kalle Rovanpera’s Super Formula programme paused...
No description available...
3d ago from Motorsport.com
WRC Safari Rally Kenya: Oliver Solberg wants more rain...
No description available...
3d ago from Motorsport.com
Popular On GunnersToday.com
Arsenal's Eze suffers injury set-back just as he was...
Arsenal's Eberechi Eze is set to miss several weeks because of a calf...
7h ago from SkySports.com
Man United draw up four-man shortlist including...
Manchester United are interested in signing the highly-rated Arsenal...
8h ago from CaughtOffside.com
Eberechi Eze injury: The key Arsenal games he will...
Eberechi Eze has suffered an injury which comes as a major blow for...
10h ago from CaughtOffside.com
Without regulation, AI will threaten the very thing...
Technology has driven countless evolutions in football – and so much of...
14h ago from CaughtOffside.com
Comments
Hottest News
Alonso set ot sit out the opening practice in Japan
Aston Martin has announced that Third Driver Jak... Read More »
1h ago from F1Technical.net
Mercedes front wing under scrutiny after reports of...
Rumblings in the Formula 1 paddock have... Read More »
6h ago from F1Technical.net
Aston Martin set for more F1 pain as Honda issue official...
Aston Martin appear set to endure another weekend... Read More »
8h ago from GPFans.com
