News Details
Formula 1's cost-cutting proposals approved by FIA
Formula 1's plan for cost-cutting measures has been approved by the sport's governing body the FIA. The changes to the sporting, technical and financial regulations were passed by e-vote at Wednesday's world motorsport council meeting. It was "due to the need to reduce costs and safeguard the sport in light of the Covid-19 pandemic", said a statement. F1 had previously agreed to introduce a budget cap for the 2021 season, but these new measures go further. Last Friday teams voted to accept a plan to lower the budget cap to be introduced next year by $30m to $145m (£114m). This will be reduced again to $140m in 2022 and $135m for the period 2023-25. This is one of a series of...
Full Story »
Full Story »
You May Also Be Interested In...
F1's big cost-cutting changes approved
F1's big and wide-ranging package of cost-cutting measures - headlined by...
5y ago from SkySports.com
Formula 1 teams approve cost-cap, other changes
Formula 1 is set to move forward with a $145 million budget cap...
5y ago from GrandPrix247.com
F1 to unveil huge cost-cutting package, including...
Formula 1 teams have reportedly signed off on a huge package of...
5y ago from MotorsportWeek.com
F1 teams approve radical cost-cutting measures
Formula 1 teams have approved major cost-cutting changes aimed at helping...
5y ago from Crash.net
Elsewhere On The Network
Popular On MGPToday.com
Ducati: Marc Marquez “helped, protected” Francesco...
No description available...
3h ago from Motorsport.com
Why Aprilia boss is "disappointed" about not...
No description available...
21h ago from Motorsport.com
Why Francesco Bagnaia seems closer to leaving Ducati...
No description available...
2d ago from Motorsport.com
Jorge Martin likely to miss Sepang MotoGP test after...
No description available...
2d ago from Motorsport.com
Popular On IndyCarToday.com
IndyCar penalizes Abel Motorsports for rig testing
No description available...
18h ago from Motorsport.com
Alex Palou responds to McLaren court ruling
Alex Palou has been ordered to pay McLaren Racing over $12 million...
23h ago from MotorsportWeek.c...
McLaren wins contract breach suit against Alex Palou
McLaren has prevailed in its lawsuit against star IndyCar driver Alex...
1d ago from MotorsportWeek.c...
Palou ordered to pay $12 million to McLaren in...
No description available...
1d ago from Motorsport.com
Popular On TotalWRC.com
WRC Monte Carlo: Oliver Solberg in control, as Elfyn...
No description available...
2h ago from Motorsport.com
WRC Monte Carlo: Oliver Solberg moves clear of the...
No description available...
17h ago from Motorsport.com
Solberg sensational in the snow (and slush, and rain)
Oliver Solberg and Elliot Edmondson, making their debut as full-time...
19h ago from MotorsportWeek.c...
FIA offers update on new WRC commercial rights holder...
No description available...
21h ago from Motorsport.com
Popular On GunnersToday.com
Fernandes or Odegaard? Who makes Arsenal vs Man Utd...
Robbie Lyle, Adam McKola and Buvey sit down to debate one of the biggest...
1h ago from SkySports.com
Talk of Arsenal being champions-elect ‘takes focus...
t;li>Manager insists praise from outside ‘does not add...
3h ago from TheGuardian.com
‘It's a challenge’ | Carrick urges Man Utd to...
Manchester United head coach Michael Carrick says he is embracing the...
5h ago from SkySports.com
Arsenal star linked with surprise mid-season transfer...
Arsenal midfielder Christian Norgaard could reportedly be on the move...
5h ago from SportsKeeda.com
Comments
Hottest News
Lewis Hamilton left stunned after first Ferrari 2026 F1 laps
Ferrari unveiled to the world its new car for the... Read More »
2h ago from RacingNews365.com
Status quo: FIA stands firm in F1 engine loophole debate
A high-stakes summit between the FIA and Formula... Read More »
2h ago from F1i.com
Damon Hill foresees 2009 Brawn GP repeat for Aston Martin...
F1 world champion Damon Hill believes Adrian... Read More »
1h ago from MotorsportWeek.com
