News Details
Formula 1 bosses make final budget offer to teams
Formula 1 bosses have made a final offer to teams of a sliding scale budget cap reducing from $145m to $130m over the next three years. The proposal is part of changes aimed at addressing the financial impact of the coronavirus in a letter to teams from F1 managing director Ross Brawn. F1 has proposed a cap of $145m (£116m) in 2021, reducing to $140m in 2022 and $135m for the period 2023-25. Teams will spend the coming days assessing the ideas before a vote. The proposals - which also include a sliding scale of allowance for aerodynamic research according to a team's success, and compensation for the manufacturer teams recognising the value of research and development of parts sold to...
Full Story »
Full Story »
You May Also Be Interested In...
F1 seeking agreement on $145m budget cap
Ross Brawn reveals that the teams are to be presented with a budget cap of...
5y ago from Pitpass.com
Brawn: Budget cap of $145m agreed for 2021
A greatly reduced budget cap for the 2021 season has been agreed upon...
5y ago from MotorsportWeek.com
F1 to meet on budget cap reduction & virus testing...
1 bosses will meet this week to discuss a reduction of the budget cap...
5y ago from BBC.co.uk
$145m budget cap for Formula 1 in 2021
Ross Brawn has confirmed that a $145 million budget cap for 2021 is close...
5y ago from GPFans.com
Elsewhere On The Network
Popular On MGPToday.com
MotoGP legend shares how ‘different level’ Marc...
Five-time 500cc champion Mick Doohan believes the way Marc Marquez...
4h ago from MotorsportWeek.c...
Fabio Quartararo staying “a little bit out” of...
No description available...
6h ago from Motorsport.com
Trackhouse boss reveals steps MotoGP must take to...
Trackhouse owner Justin Marks has revealed how he plans to promote his...
1d ago from MotorsportWeek.c...
Aleix Espargaro to undergo surgery after vertebral...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
How to watch IndyCar 2026 at Long Beach: Weekend...
No description available...
4h ago from Motorsport.com
Exclusive Q&A: Mick Schumacher believes 'great things...
No description available...
1d ago from Motorsport.com
Experienced engineer Mike O’Gara joins IndyCar as...
IndyCar has announced that Mike O’Gara has joined the series as Vice...
1d ago from MotorsportWeek.c...
Mike O’Gara named IndyCar’s Vice President of...
No description available...
1d ago from Motorsport.com
Popular On TotalWRC.com
The Rally1 rookie proving he belongs in the WRC top...
No description available...
1d ago from Motorsport.com
Why WRC Croatia victory was “quite special” for...
No description available...
3d ago from Motorsport.com
Thierry Neuville crashes out of Croatia lead in final...
A dramatic WRC Rally Croatia kept the biggest shock for the Wolf Power...
4d ago from MotorsportWeek.c...
Popular On GunnersToday.com
Paul Merson predicts Manchester City vs Arsenal,...
Manchester City are the favourites to win the Premier League if they beat...
2h ago from SportsKeeda.com
'We’ll be ready for it' - Arsenal star Declan Rice...
Arsenal star Declan Rice has sent a message to Manchester City ahead of...
2h ago from SportsKeeda.com
'Bring it on' – Declan Rice makes strong...
Arsenal midfielder Declan Rice has sent a strong message ahead of the huge...
5h ago from CaughtOffside.com
Former Arsenal & Liverpool star Alex Manninger...
Former Arsenal and Liverpool goalkeeper Alex Manninger has tragically died...
4h ago from CaughtOffside.com
Comments
Hottest News
F1 return given green light for 2028 after 13-year absence
The green light has been given internally for a... Read More »
1h ago from GPFans.com
Mercedes driver pinpoints critically important value of...
Joshua Dürksen has shared how crucial having... Read More »
45m ago from RacingNews365.com
Oliver Bearman brands Suzuka shunt ‘unacceptable' in...
Oliver Bearman has delivered a brutal takedown... Read More »
2h ago from MotorsportWeek.com
