News Details
Budget cap irrelevant to Haas' future
Haas principal Guenther Steiner says the team's owner Gene Haas will decide whether or not to stay in F1 based on the new commercial agreement, not a budget cap. In response to the current financial strain on the Formula 1 teams, an agreement was reached to reduce the budget cap which will arrive next season from $175m to $145m per season. There will also be further cost-cutting measures introduced, including limits and sliding scales on the amount of time that teams can spend in the wind tunnel for development. But these financial controls don't interest Gene Haas, instead he wants to see the new commercial agreement for next year before deciding on the team's F1 future. 'Formula 1 has...
Full Story »
Full Story »
5y ago from PlanetF1.com
0
You May Also Be Interested In...
Steiner: 'The budget cap will hopefully attract new...
The Formula 1 teams have agreed to a budget cap that will need to be...
5y ago from GPBlog.com
Steiner: Budget cap is 'stake in the ground' for new...
Haas team boss Guenther Steiner says the formal introduction of a budget...
5y ago from F1i.com
FIA ratifies reduced budget cap for 2021, further cut...
Formula 1’s budget cap has been reduced for the 2021 season
following a...
5y ago from MotorsportWeek.com
Renault CEO: We intend to stay in Formula 1
Renault intends to keep its team in Formula 1, interim CEO Clotilde...
5y ago from GrandPrix247.com
Elsewhere On The Network
Popular On MGPToday.com
Alex Marquez suffers fractures in frightening Catalan...
No description available...
6d ago from Motorsport.com
Aprilia MotoGP chief: Pedro Acosta shouldn't have been...
No description available...
2d ago from Motorsport.com
Liberty Media could scrap MotoGP two-bike rule from...
The proposed regulation change would end flag-to-flag racing and align...
2d ago from MotorsportWeek.c...
Alex Marquez to miss next two MotoGP rounds after...
No description available...
3d ago from Motorsport.com
Popular On IndyCarToday.com
Coyne to pay special tribute to Kyle Busch with...
No description available...
15h ago from Motorsport.com
How Pato O'Ward's inner circle turned Arrow McLaren...
No description available...
21h ago from Motorsport.com
Chip Ganassi ‘couldn’t be happier’ with...
Ahead of this season, the NTT IndyCar Series created an independent...
1d ago from MotorsportWeek.c...
How Shell is helping teams in F1, NASCAR and IndyCar...
No description available...
1d ago from Motorsport.com
Popular On TotalWRC.com
Toyota “nervous” of Hyundai threat ahead of WRC...
No description available...
4d ago from Motorsport.com
The mental challenge WRC leader Elfyn Evans faces at...
No description available...
6d ago from Motorsport.com
Why returning to the WRC podium was so important for...
No description available...
1w ago from Motorsport.com
How Sebastien Ogier’s near-perfect Rally Portugal...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
'Masterstroke', 'Fully behind this' - Arsenal fans...
Arsenal fans are left surprised but are praising Mikel Arteta for playing...
39m ago from SportsKeeda.com
'They found the bottle' | Arsenal fans have last laugh...
Arsenal fans have the last laugh by drinking from Manchester City bottles...
1h ago from SkySports.com
Changes for both sides on coronation day for Arsenal...
No description available...
1h ago from SkySports.com
Some final day luxury as the champions head to...
Morning all. For the final time this season, Arsenal will play a Premier...
7h ago from Arseblog.com
Comments
Hottest News
Lewis Hamilton makes savage F1 champion attack with Gilles...
Lewis Hamilton made a rather surprising comment... Read More »
1h ago from GPFans.com
The F1 Canadian Grand Prix has a new start time today
The F1 Canadian Grand Prix in Montreal has a new... Read More »
8h ago from GPFans.com
Toto Wolff accepts ‘no space' reality after heated...
Mercedes boss Toto Wolff has revealed internal... Read More »
2h ago from MotorsportWeek.com
