News Details
Formula 1 teams approve cost-cap, other changes
Formula 1 is set to move forward with a $145 million budget cap for 2021 and other cost-cutting measures after teams voted their approval on Friday. The measures have yet to be approved officially by the governing FIA’s World Motor Sport Council, by an e-vote due to the COVID-19 pandemic, but that is seen as a formality and likely next week. F1’s managing director for motorsport Ross Brawn said this month that the $145 million figure had been agreed and the sport would look for further reductions in future seasons. The BBC and motorsport.com, citing multiple sources, said teams had agreed to reduce the cap to $140 million in 2022 and $135 million for the period 2023-25....
Full Story »
Full Story »
5y ago from GrandPrix247.com
0
You May Also Be Interested In...
Formula 1 to vote on cap, other rule changes on Friday
Formula 1 is set to vote on a raft of regulation changes on Friday, most...
5y ago from GrandPrix247.com
F1 teams set for $145M cost cap, radical aero handicap...
According to reports, Formula 1, the FIA and the teams have agreed to a...
5y ago from TheParcFerme.com
Formula 1 teams agree cost-cutting package
Formula 1 teams have agreed to a package of cost-cutting changes to help...
5y ago from BBC.co.uk
The braking point: Formula 1 at a crossroads
The impact of the coronavirus has been so dramatic and immediate that I...
5y ago from GrandPrix247.com
Elsewhere On The Network
Popular On MGPToday.com
Ai Ogura: Fifth on MotoGP debut “kills me” after...
No description available...
10h ago from Motorsport.com
Maverick Vinales “mentally stronger” than ever...
No description available...
1d ago from Motorsport.com
Toprak Razgatlioglu reveals ‘biggest difference’...
Toprak Razgatlioglu has revealed how “different” MotoGP is to...
2d ago from MotorsportWeek.c...
Francesco Bagnaia’s slump “all in his head” amid...
No description available...
2d ago from Motorsport.com
Popular On IndyCarToday.com
Chip Ganassi Racing lands new sponsor for Kyffin...
Chip Ganassi Racing has announced a new sponsor for the team’s #8 entry...
9h ago from MotorsportWeek.c...
Sunoco makes full-time IndyCar return as primary...
No description available...
10h ago from Motorsport.com
IndyCar announces independent officiating system
The NTT IndyCar Series announced on Thursday that it will implement a new...
1d ago from MotorsportWeek.c...
IndyCar to introduce independent officiating system
No description available...
1d ago from Motorsport.com
Popular On TotalWRC.com
Lancia reveals driver line-up for 2026 WRC return
No description available...
13h ago from Motorsport.com
FIA reveals final details of WRC 2027 regulations
No description available...
2d ago from Motorsport.com
What Adrien Fourmaux and Oliver Solberg learned from...
No description available...
2d ago from Motorsport.com
Hayden Paddon, Esapekka Lappi and Dani Sordo join...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
'A big problem' – Mikel Arteta fires warning to...
Arsenal manager Mikel Arteta has fired a clear warning to any of his...
3h ago from CaughtOffside.com
Arsenal make decision on versatile star's future after...
Arsenal striker Gabriel Jesus has been linked with a move away from the...
6h ago from CaughtOffside.com
Arsenal vs Wolverhampton Wanderers Prediction and...
The Premier League is back in action with another set of matches this...
8h ago from SportsKeeda.com
Manchester United hold talks to sign midfielder who...
Manchester United are reportedly in talks with Arda Guler, as they look to...
11h ago from SportsKeeda.com
Comments
Hottest News
Mercedes to AXE McLaren engines? Toto Wolff admits plan to...
Toto Wolff has admitted Mercedes are considering... Read More »
7h ago from GPFans.com
Max Verstappen will leave Red Bull as part of exodus
Max Verstappen is no longer the world champion... Read More »
7h ago from GPFans.com
Former F1 star blacks out Instagram pic after crashing...
Former Alpine F1 star Jack Doohan has blacked out... Read More »
4h ago from GPFans.com
