News Details
F1 tweaks budget cap to reflect inflation
Formula One 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 One 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. Editor's Picks Verstappen: Good Lewis can take an apex now
19hNate...
Full Story »
Full Story »
3y ago from espnF1.com
0
You May Also Be Interested In...
Formula 1 approves minor increase on budget cap
Formula 1 approved a small increase to its $140-Million per team annual...
3y ago from GrandPrix247.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
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
Elsewhere On The Network
Popular On MGPToday.com
Is Alex Marquez’s Jerez MotoGP breakthrough real or...
No description available...
1d ago from Motorsport.com
Should there be a tear-off rule following Marco...
No description available...
3d ago from Motorsport.com
Miguel Oliveira reveals what’s ‘more difficult’...
Miguel Oliveira says WorldSBK’s race weekend format is harder to adapt...
3d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Motorsport legend Alex Zanardi dies aged 59
Ex-F1 and CART driver Alex Zanardi has passed away aged 59. His family...
2d ago from MotorsportWeek.c...
Mick Schumacher shares injury update after breaking...
No description available...
4d ago from Motorsport.com
Zanardi: The man whose name is a synonym for “hero”
No description available...
1d ago from Motorsport.com
Dual-tone Chevy ZR1X pace car revealed for...
The NTT IndyCar Series has revealed the Chevrolet pace car for the...
4d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Why Hyundai’s WRC season “really starts” at...
No description available...
4h ago from Motorsport.com
M-Sport weighs up WRC new car build as all options...
No description available...
5d ago from Motorsport.com
Toyota steps up WRC 2027 car testing with new look...
No description available...
5d ago from Motorsport.com
How Dani Sordo brings "different ideas" to...
No description available...
5d ago from Motorsport.com
Popular On GunnersToday.com
Have Arsenal found the keys to unleash Gyokeres at the...
Viktor Gyökeres has divided opinion since arriving, but one thing is...
39m ago from FreshArsenal.com
“It’s a horrible one” - Gary Neville names...
Manchester United legend Gary Neville has named the one fixture in which...
3h ago from SportsKeeda.com
Viktor Gyökeres has scored 21 goals this season. He...
y Alexis Sánchez and Thierry Henry have had more prolific first seasons...
3h ago from TheGuardian.com
Premier League: talking points from the weekend’s...
e Slot is fuming, Mikel Arteta’s big risk pays off and Josh Dasilva...
3h ago from TheGuardian.com
Comments
Hottest News
Fernando Alonso outlines fresh Aston Martin problem as...
Aston Martin has gotten on top of its vibrations... Read More »
3h ago from RacingNews365.com
F1 star Carlos Sainz addresses Williams future at Miami...
From podiums to P9, Williams' decline has been... Read More »
4h ago from GPFans.com
Is Lando Norris back with Magui Corceiro? Kelly Piquet...
A recent Instagram post has shown Alex Albon's... Read More »
1h ago from GPFans.com
