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
Marco Bezzecchi insists tyre choice was correct as he...
No description available...
16h ago from Motorsport.com
MotoGP Valencia GP: Alex Marquez dominates sprint from...
No description available...
18h ago from Motorsport.com
Honda concessions quest in jeopardy after Mir takes...
No description available...
17h ago from Motorsport.com
Alex Marquez cruises to MotoGP Sprint victory in...
Gresini rider Alex Marquez claimed a controlled Sprint race victory in...
18h ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Ryan Hunter-Reay joins Arrow McLaren for 2026...
No description available...
2d ago from Motorsport.com
Ryan Hunter-Reay joins Arrow McLaren for 2026 Indy 500
Arrow McLaren has announced that veteran Ryan Hunter-Reay will join the...
2d ago from MotorsportWeek.c...
RLL locks in Louis Foster with extended IndyCar...
Rahal Letterman Lanigan Racing has announced an extension to its contract...
3d ago from MotorsportWeek.c...
AJ Foyt Racing expands veteran support program to full...
AJ Foyt Racing has announced that its successful Homes For Our Troops...
4d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Hyundai already working on “Plan B” for 2026 WRC...
No description available...
6d ago from Motorsport.com
What Toyota expects from 2026 WRC signing Oliver...
No description available...
5d ago from Motorsport.com
Oliver Solberg lands factory Toyota Rally1 drive
We called it after Oliver Solberg clinched his WRC2 title in Chile....
6d ago from MotorsportWeek.c...
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...
27m ago from Arseblog.com
Cristhian Mosquera: ‘Arsenal were my team growing...
Spain Under-21 centre-back on his club’s ‘crazy’ defensive numbers,...
1h ago from TheGuardian.com
Fabrizio Romano reveals Arsenal staff have received...
Arsenal staff are reportedly not overly concerned after being informed of...
19h 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
F1 News Today: BLOCKBUSTER signing attempt unmasked as...
One of the biggest names in motorsport, Valentino... Read More »
17m ago from GPFans.com
Max Verstappen makes unusual U-turn in George Russell feud
Max Verstappen has reflected on his 2025 F1... Read More »
37m ago from GPFans.com
Lewis Hamilton blasts grumpy old F1 pundits
Lewis Hamilton has defended F1’s rookies... Read More »
1h ago from GPFans.com
