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 »
5y ago from Crash.net 0
Share

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

Popular On IndyCarToday.com

Ryan Hunter-Reay joins Arrow McLaren for 2026 Indy 500

Arrow McLaren has announced that veteran Ryan Hunter-Reay will join the...

RLL locks in Louis Foster with extended IndyCar...

Rahal Letterman Lanigan Racing has announced an extension to its contract...

AJ Foyt Racing expands veteran support program to full...

AJ Foyt Racing has announced that its successful Homes For Our Troops...

Popular On TotalWRC.com

Oliver Solberg lands factory Toyota Rally1 drive

We called it after Oliver Solberg clinched his WRC2 title in Chile....

Popular On GunnersToday.com

FFS … Gabriel injury blow + a real Cristhian

Morning. Bad news to start with today, and that's Gabriel picking up an...
4h ago from Arseblog.com

Cristhian Mosquera: ‘Arsenal were my team growing...

Spain Under-21 centre-back on his club’s ‘crazy’ defensive numbers,...
5h ago from TheGuardian.com

Fabrizio Romano reveals Arsenal staff have received...

Arsenal staff are reportedly not overly concerned after being informed of...
23h ago from CaughtOffside.com

Sources: Arsenal 'monitoring' underrated talent who's...

Arsenal are understood to be among the clubs keeping an eye on Jurrien...
1d ago from CaughtOffside.com

Comments

Hottest News

Recent News


2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.