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
Maverick Vinales “mentally stronger” than ever...
No description available...
11h ago from Motorsport.com
Toprak Razgatlioglu reveals ‘biggest difference’...
Toprak Razgatlioglu has revealed how “different” MotoGP is to...
1d ago from MotorsportWeek.c...
Francesco Bagnaia’s slump “all in his head” amid...
No description available...
1d ago from Motorsport.com
Supersub Pol Espargaro deserves to be full-time MotoGP...
No description available...
2d ago from Motorsport.com
Popular On IndyCarToday.com
IndyCar announces independent officiating system
The NTT IndyCar Series announced on Thursday that it will implement a new...
9h ago from MotorsportWeek.c...
IndyCar to introduce independent officiating system
No description available...
9h ago from Motorsport.com
Tony Kanaan praises FIA for revising IndyCar...
No description available...
1d ago from Motorsport.com
Popular On TotalWRC.com
FIA reveals final details of WRC 2027 regulations
No description available...
1d ago from Motorsport.com
What Adrien Fourmaux and Oliver Solberg learned from...
No description available...
1d ago from Motorsport.com
Hayden Paddon, Esapekka Lappi and Dani Sordo join...
No description available...
6d ago from Motorsport.com
Oliver Solberg steps up WRC 2026 preparations with...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Report: Arsenal keeping close tabs on 24-year-old...
Arsenal are keeping tabs on the Borussia Dortmund goalkeeper Diant Ramaj....
4h ago from CaughtOffside.com
Report: Liverpool ready to pay big-money to sign...
Liverpool continue to push for Yan Diomande, and they are now accelerating...
5h ago from CaughtOffside.com
'I had an offer from Arsenal': Premier League winner...
Former Swiss International midfielder Gokhan Inler has now revealed that...
5h ago from CaughtOffside.com
Comments
Hottest News
Mercedes puts F1 customer teams on notice with bombshell...
Mercedes boss Toto Wolff has put its three... Read More »
16h ago from MotorsportWeek.com
Adam Norris throws shade at absent parents in F1 title...
Lando Norris' father, Adam Norris, has seemingly... Read More »
3h ago from GPFans.com
Helmut Marko addresses rumours he was 'pressured' to leave...
Red Bull F1 legend Helmut Marko has addressed... Read More »
4h ago from GPFans.com
