News Details
New F1 cost rules will end ‘dinosaur’ big team operations
Formula 1’s new financial regulations will end the need for big team operational approaches and help level the playing field in the sport, according to Racing Point technical director Andrew Green. A major package of cost-cutting changes - including a $145m budget cap for 2021 - is set to be ratified by the FIA World Motor Sport Council and introduced after gaining approval from the teams. The cost cap will force F1’s leading three teams to significantly reduce spending and is likely to lead the likes of Mercedes, Ferrari and Red Bull to make cuts to its staff numbers. McLaren announced this week it will make 1,200 redundancies as part of a major company-wide restructure that will...
Full Story »
Full Story »
You May Also Be Interested In...
Teams vote to level playing field in F1
Formula 1’s teams have agreed a number of regulation changes aimed at...
5y ago from Racer.com
Racing Point's Green admits 'rolling the dice' with...
Racing Point technical director Andy Green says the team decided to take...
5y ago from F1i.com
Austrian government to give F1 green light
May 26 Austrian officials look set to show a green light to Formula 1's...
5y ago from OneStopStrategy.com
Grand Prix of Austria is still waiting for the green...
Officially the green light for the Austrian Grand Prix has not yet been...
5y ago from GPBlog.com
Elsewhere On The Network
Popular On MGPToday.com
Ai Ogura: Fifth on MotoGP debut “kills me” after...
No description available...
3h 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...
2h ago from MotorsportWeek.c...
Sunoco makes full-time IndyCar return as primary...
No description available...
3h 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...
6h 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
Arsenal vs Wolverhampton Wanderers Prediction and...
The Premier League is back in action with another set of matches this...
29m ago from SportsKeeda.com
Mikel Arteta makes stance clear on Arsenal selling...
Mikel Arteta has said that Gabriel Jesus will stay at Arsenal for the...
4h 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...
4h ago from SportsKeeda.com
Arsenal latest: Arteta to speak live ahead of Wolves...
No description available...
8h ago from SkySports.com
Comments
Hottest News
FIA and F1 agree new Concorde Agreement until 2030
It has been confirmed that the ninth-edition of... Read More »
59m ago from MotorsportWeek.com
Marko lifts the veil: Why he walked away from Red Bull
Helmut Marko has never been one to shy away from... Read More »
3h ago from F1i.com
F1: Concorde Agreement secures F1's future through to 2030
All 11 teams have signed the ninth Concorde... Read More »
1h ago from Pitpass.com
