News Details
Formula 1 approves minor increase on budget cap
Formula 1 approved a small increase to its $140-Million per team annual budget cap on Friday to help with the burden of inflation and rising energy and freight bills. The change was announced by the governing FIA after a meeting of the Formula 1 commission at the Austrian Grand Prix and was approved by the required majority and nine of the 10 teams. 'Rapidly increasing inflation rates since the end of 2021 have affected Formula One teams, and it is the opinion of the FIA and Formula One that this creates a risk of noncompliance with the financial regulations if actions are not taken,' the governing body said. The governing body's proposal allowed for 'indexation at a limited rate of 3.1%'....
Full Story »
Full Story »
3y ago from GrandPrix247.com
0
You May Also Be Interested In...
F1 makes decision on calls for budget cap increase
A meeting of the F1 Commission has resulted in a decision being made...
3y ago from PlanetF1.com
Formula 1 teams to discuss cost cap adjustment in...
Formula 1 teams will discuss a cost cap adjustment, to reflect soaring...
3y ago from GrandPrix247.com
Budget cap increased, technical directive on...
On Friday morning in Austria, the FIA and Formula One teams met to...
3y ago from GPBlog.com
F1 teams get indexed budget cap increase to stem...
Formula One Management, the FIA and the sport's teams have agreed on a...
3y ago from F1i.com
Elsewhere On The Network
Popular On MGPToday.com
How Ducati sent a warning to its MotoGP rivals at...
No description available...
1h ago from Motorsport.com
Pedro Acosta rates Sepang MotoGP test “six out of...
No description available...
2h ago from Motorsport.com
Francesco Bagnaia signals factory-team priority as...
No description available...
22h ago from Motorsport.com
Popular On IndyCarToday.com
Arrow McLaren officially opens doors to new home in...
No description available...
14h ago from Motorsport.com
Zak Brown “would love” Indy 500 reunion with...
No description available...
20h ago from Motorsport.com
Mick Schumacher building confidence after first...
Mick Schumacher completed his first oval laps in an IndyCar on Wednesday...
20h ago from MotorsportWeek.c...
Arrow McLaren unveils liveries for 2026 IndyCar...
Arrow McLaren has taken the wraps off its trio of challengers for the...
1d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Kalle Rovanpera co-driver Jonne Halttunen lands Toyota...
No description available...
18h ago from Motorsport.com
Iconic Ouninpohja stage dropped from 2026 WRC Rally...
No description available...
3d ago from Motorsport.com
WRC Monte Carlo: Oliver Solberg continues domination...
No description available...
1w ago from Motorsport.com
More than 10 tuners interested in joining WRC under...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Former Arsenal star hits back at Chelsea boss Liam...
Former Arsenal striker Jay Bothroyd has hit back at Chelsea manager Liam...
1h ago from CaughtOffside.com
Boost for Arsenal as expert rules out one rival in...
Arsenal fans may be relieved to hear that there's seemingly no truth to...
3h ago from CaughtOffside.com
Expert explains why Arsenal transfer fell through but...
Bayern Munich midfielder Leon Goretzka feels his style of play would be...
3h ago from CaughtOffside.com
“I asked them, maybe not politely” - Liam Rosenior...
Chelsea boss Liam Rosenoir deemed an Arsenal support staff enroaching...
5h ago from SportsKeeda.com
Comments
Hottest News
Sky F1 quietly alters its usual pre-season routine for...
Sky Sports F1 is easing off the throttle when it... Read More »
48m ago from F1i.com
Major change to TV coverage of F1 Bahrain test confirmed by...
Sky Sports has confirmed a major change to its... Read More »
1h ago from MotorsportWeek.com
Red Bull undergoes major staff revamp ahead of 2026 F1...
More changes behind the scenes at Red Bull Racing. Read More »
1h ago from RacingNews365.com
