News Details
‘Dumb Americans' know how to create a budget cap
Liberty Media CEO Greg Maffei has hailed ex-Formula 1 boss Chase Carey for his achievement in making the budget cap a reality. Putting a limit on the spending power of the teams is far from a new concept in Formula 1. Bernie Ecclestone and former FIA president Max Mosley tried and failed in the past, and in time the implications became clear. As comfortably the three highest spenders in Formula 1, Mercedes, Ferrari and Red Bull would go on to establish themselves at the top, with a clear divide on-track to those with more modest budgets in the midfield. But under the leadership of Carey, Formula 1 was finally able to bring in a budget cap. Teams are now permitted to spend up to $145m per...
Full Story »
Full Story »
4y ago from PlanetF1.com
0
You May Also Be Interested In...
Liberty's Maffei on F1 cost cap: 'Dumb Americans' got...
Liberty Media CEO Greg Maffei says former F1 boss Chase Carey deserves...
4y ago from F1i.com
"Stupid Americans, what do they know about...
Bernie Ecclestone was the big man behind Formula 1's commercial growth...
4y ago from GPBlog.com
Defending Chase
I’m certainly not one to be critical of what Chase Carey was able to...
4y ago from TheParcFerme.com
Red Bull to cap F1 drivers' salaries: 'Respect...
In 2021 there will be a budget cap for the first time in Formula 1, which...
4y ago from GPBlog.com
Elsewhere On The Network
Popular On MGPToday.com
MotoGP star Pedro Acosta wants to keep racing beyond 35
No description available...
52m ago from Motorsport.com
Giacomo Agostini backs 2027 MotoGP rules: “Wings...
No description available...
20h ago from Motorsport.com
Nicolo Bulega: If no 2027 MotoGP move arrives, it's...
Nicolo Bulega believes that not securing a 2027 MotoGP ride wouldn’t be...
23h ago from MotorsportWeek.c...
Injured Maverick Vinales to miss Spanish GP after...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Long Beach win “probably ranks top three” for Alex...
No description available...
12h ago from Motorsport.com
Alex Palou: Chances at IndyCar win were low before...
Alex Palou took victory in Sunday’s Grand Prix of Long Beach IndyCar...
17h ago from MotorsportWeek.c...
IndyCar reveals Push to Pass software failure, won't...
No description available...
20h ago from Motorsport.com
Jacob Abel set to run Indy 500 with Abel Motorsports
No description available...
20h ago from Motorsport.com
Popular On TotalWRC.com
Why Dani Sordo is excited for his WRC topflight return
No description available...
20h ago from Motorsport.com
Ott Tanak lands 2027 WRC car testing role with Toyota
No description available...
3d ago from Motorsport.com
Thierry Neuville wants to "make everyone proud...
No description available...
3d ago from Motorsport.com
The Rally1 rookie proving he belongs in the WRC top...
No description available...
5d ago from Motorsport.com
Popular On GunnersToday.com
David Squires on … Manchester City, Arsenal and an...
No description available...
1h ago from TheGuardian.com
Arteta personally looking to add 90m winger to his...
According to TEAMtalk, the Arsenal hierarchy is actively preparing to push...
2h ago from CaughtOffside.com
'Are you crazy?' – Arsenal fans want Luis...
There are plenty of Arsenal fans on social media who are calling for Luis...
3h ago from CaughtOffside.com
“It looks, to me, like common sense” - Arsene...
Former Arsenal manager has said that the Gunners will still win the...
4h ago from SportsKeeda.com
Comments
Hottest News
The £10,000 precedent for Red Bull asking Max Verstappen...
F1 teams, for some reason, are quite protective... Read More »
32m ago from GPFans.com
Lando Norris censored by his own management in awkward...
F1 world champion Lando Norris was allegedly... Read More »
1h ago from GPFans.com
‘We are one team’ – Alonso backs Honda despite...
Fernando Alonso has been here before – and... Read More »
2h ago from F1i.com
