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
Why Alex Marquez has been struggling in MotoGP this...
No description available...
20h ago from Motorsport.com
Construction moving forward at Buenos Aires for...
No description available...
1d ago from Motorsport.com
Massimo Rivola: Aprilia has become the ‘benchmark’...
Massimo Rivola has admitted that Aprilia has become the current reference...
1d ago from MotorsportWeek.c...
Ducati playing “catch-up” to Aprilia but insists...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Mick Schumacher: “I thought I was ready — but I...
No description available...
1w ago from Motorsport.com
Fast-paced schedule proving beneficial for IndyCar’s...
The NTT IndyCar Series recently completed its fourth racing weekend in...
5d ago from MotorsportWeek.c...
Winners and losers from IndyCar at Barber Motorsports...
No description available...
6d ago from Motorsport.com
Pato O’Ward left searching for answers after...
No description available...
1w ago from Motorsport.com
Popular On TotalWRC.com
Storm damage forces changes to WRC Rally Islas...
No description available...
3d ago from Motorsport.com
Kalle Rovanpera returns to WRC with Subaru
Double WRC Champion Kalle Rovanpera is set to return to the WRC next year...
5d ago from MotorsportWeek.c...
Former FIA vice president and WRC boss Morrie Chandler...
No description available...
1w ago from Motorsport.com
Subaru teases new rally car for Japanese Championship
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
From France: Liverpool on alert 2x UCL winner made...
Liverpool are reportedly one of the clubs on alert as Real Madrid look...
10m ago from CaughtOffside.com
Two key stars out for Arsenal, as Arteta confirms...
Arsenal will be up against Sporting CP in the UEFA Champions League...
10h ago from CaughtOffside.com
‘Use that fuel’: Mikel Arteta and David Raya urge...
t;li>Team will not panic in wake of City and Southampton defeatsRaya...
10h ago from TheGuardian.com
Arsenal's injury crisis gives Arteta selection...
Two games, two defeats, two trophies slip out of Arsenal's grasp. If they...
11h ago from SkySports.com
Comments
Hottest News
Oscar Piastri spots 'quite interesting' F1 trend which...
Oscar Piastri believes there is a 'quite... Read More »
1h ago from RacingNews365.com
Brundle: Russell needs to treat Antonelli like peak Hamilton
George Russell must treat his Mercedes team-mate... Read More »
50m ago from SkySports.com
Red Bull admit to 'paying the price' over major F1 car...
Red Bull employed an aggressive development... Read More »
29m ago from RacingNews365.com
