News Details
Szafnauer: Cost cap doesn't have to be maxed out
Racing Point team principal Otmar Szafnauer has reminded everyone that teams don't have to reach the budget cap limit. The budget cap, which will come in from 2021, was originally set at $175m per season with certain exclusions, but teams have agreed in principal to reduce it to $150m, while McLaren are pushing for $100m. This is all in response to the financial impacts of the COVID-19 pandemic on teams, and Ferrari have threatened to quit Formula 1 if the cap goes below $145m, but Szafnauer says the limit helps both in terms of financial stability and the quality of racing in Formula 1. And remember, no team has to spend to that figure. 'The other thing that we have to remember is that...
Full Story »
Full Story »
5y ago from PlanetF1.com
0
You May Also Be Interested In...
F1 teams set for new cost-cap | Can't be 'selfish'
ormula 1 teams should be presented with a budget-cap proposal within the...
5y ago from SkySports.com
Szafnauer 'can't see' Wolff taking stake in Aston...
Racing Point team principal Otmar Szafnauer doesn't believe that Toto...
5y ago from F1i.com
Ferrari and Red Bull refuse to accept a drastically...
While the sport’s main participants, the FIA, the Commercial Rights...
5y ago from F1Technical.net
‘Ferrari has agreed to reduced cap but…'
Good news for McLaren and others wanting a lower budget cap, Ferrari has...
5y ago from PlanetF1.com
Elsewhere On The Network
Popular On MGPToday.com
Winners and losers from MotoGP's Czech Grand Prix
No description available...
3h ago from Motorsport.com
Marc Marquez likens his 2025 MotoGP form to 2019 and...
Marc Marquez has likened his 2025 MotoGP form to the peak performances...
5h ago from MotorsportWeek.c...
Luca Marini gets new Honda MotoGP deal for 2026
No description available...
5h ago from Motorsport.com
Brake problems again behind lack of pace for Francesco...
No description available...
21h ago from Motorsport.com
Popular On IndyCarToday.com
The Winners and Losers of IndyCar’s 2025 Indy Toronto
No description available...
6h ago from Motorsport.com
IndyCar Toronto – Race Results
IndyCar completed its sole visit across the border this weekend, with a...
19h ago from MotorsportWeek.c...
Pato O’Ward, Arrow McLaren score strategic win in...
No description available...
19h ago from Motorsport.com
Kyffin Simpson rides two-stop strategy to breakthrough...
No description available...
17h ago from Motorsport.com
Popular On TotalWRC.com
How WRC rivals reacted to Oliver Solberg's first...
No description available...
8h ago from Motorsport.com
How the WRC service park reacted to Oliver Solberg's...
No description available...
20h ago from Motorsport.com
Oliver Solberg stuns with maiden WRC victory in Estonia
Oliver Solberg and Elliot Edmondson stunned the WRC elite with a...
1d ago from MotorsportWeek.c...
Oliver Solberg: WRC Rally Estonia win "biggest...
No description available...
22h ago from Motorsport.com
Popular On GunnersToday.com
“I’m bored, give me a f**king ball man” -...
Pierre-Emerick Aubameyang has taken to Instagram as he gears up for a...
1h ago from SportsKeeda.com
Mosquera deal edges near as Arsenal still chase striker
The summer transfer window is in full flow and we are now nigh on a full...
2h ago from FreshArsenal.com
Arsenal forced to reschedule first pre-season training...
Premier League giants Arsenal have been forced to reschedule their first...
3h ago from SportsKeeda.com
Real Madrid Transfer News Roundup: Los Blancos eyeing...
Real Madrid failed to win the league and the Champions League last season....
3h ago from SportsKeeda.com
Comments
Hottest News
Fans demand arrest after racecar weaponised in revenge crash
A reckless moment of madness occurred in the MARS... Read More »
2h ago from RacingNews365.com
F1: 'We assume Max will stay with us,' says Marko
'We have a valid contract,' insists Helmut Marko... Read More »
1h ago from Pitpass.com
Red Bull issues ‘valid contract' warning to Max...
Red Bull advisor Helmut Marko has reminded Max... Read More »
2h ago from MotorsportWeek.com
