News Details

Wolff: Mercedes may consider other categories

Toto Wolff says Mercedes may consider joining other categories as the 2021 budget cap will leave them with surplus personnel. The new regulations will limit teams to spending no more than $145 million for the 2021 season. The cap will then be reduced to $14omillion for 2022 before staying at $135million from 2023 to 2025. Wolff, the team boss, feels that these changes make remaining in the sport more financially feasible for Mercedes and their competitors. 'First of all, we're living in a financial reality that is very different to pre-COVID-19, and we have accepted the lower budget cap and it is a must that successful F1 franchises earn money rather than lose money,' he told Autosport....
Full Story »
5y ago from PlanetF1.com 0
Share

You May Also Be Interested In...

Wolff: Motorsport has to reduce entry-level costs

Mercedes boss Toto Wolff believes motorsport has to become “much more...
5y ago from MotorsportWeek.com

Daimler denies rumours: 'Wolff remains team boss of...

According to several rumours, Toto Wolff would leave after the 2020...
5y ago from GPBlog.com

Ecclestone doesn't support budget cap: 'It's been...

As of 2021 there will be a budget cap that Formula 1 teams will have to...
5y ago from GPBlog.com

Horner: 'F1 shouldn't become an accounting...

Last week the teams and Formula 1 agreed on the budget cap that will be...
5y ago from GPBlog.com

Elsewhere On The Network

Popular On MGPToday.com

Popular On IndyCarToday.com

Chip Ganassi Racing lands new sponsor for Kyffin...

Chip Ganassi Racing has announced a new sponsor for the team’s #8 entry...

IndyCar announces independent officiating system

The NTT IndyCar Series announced on Thursday that it will implement a new...

Popular On TotalWRC.com

Yohan Rossel and Nikolay Gryazin spearhead Lancia’s...

Team Lancia Corse HF has announced the 2025 WRC2 championship runners-up...
18h ago from MotorsportWeek.c...

Popular On GunnersToday.com

Arteta wants to sign 'amazing' 26-year-old to get the...

Arsenal are reportedly interested in signing the AC Milan attacker Rafael...
20h ago from CaughtOffside.com

Arsenal dealt blow as Mikel Arteta confirms injury to...

Arsenal manager Mikel Arteta has revealed that Ben White has suffered...
17h ago from SportsKeeda.com

Arsenal go five points clear with 94th-minute winner...

Yerson Mosquera's 94th-minute own goal clinched a dramatic 2-1 win for...
1d ago from SkySports.com

Arsenal 2-1 Wolves: Premier League – live reaction

Bukayo Saka crosses forced two own goals as Arsenal somehow found a way...
1d ago from TheGuardian.com

Comments

Hottest News

Exit Max Verstappen pseudonym Franz Hermann and enter new...

Following Max Verstappen's attempts to hide his... Read More »
7h ago from GPFans.com

Ferrari chairman rejects 1.1bn offer

Ferrari F1 chairman John Elkann has rejected a... Read More »
16h ago from GPFans.com

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.