News Details
Teams agree new budget cap and cost-cutting deal
Formula 1 teams have agreed to reduce the upcoming budget cap to $145 million (119 million pounds) for 2021, according to the BBC. The cap will then be gradually reduced over the coming years. It will go down to $140m per season in 2022, and then $135m from 2023-25. In addition to this, there will also be a new research-and-development handicap system as F1 bosses look to level the playing field. The World Motorsport Council still need to approve the changes, and the vote is expected to take place next week. All the talks around the budget cap kicked off after the global health pandemic put a financial strain on F1 and its teams with still no racing possible. The original cap was $175m per...
Full Story »
Full Story »
5y ago from PlanetF1.com
0
You May Also Be Interested In...
Formula 1 to vote on cap, other rule changes on Friday
Formula 1 is set to vote on a raft of regulation changes on Friday, most...
5y ago from GrandPrix247.com
Formula 1 teams approve cost-cap, other changes
Formula 1 is set to move forward with a $145 million budget cap...
5y ago from GrandPrix247.com
F1 teams set for $145M cost cap, radical aero handicap...
According to reports, Formula 1, the FIA and the teams have agreed to a...
5y ago from TheParcFerme.com
Teams officially agree to a reduced cost cap for 2021
A cost-cutting package for the 2021 season has been agreed upon by...
5y ago from GPFans.com
Elsewhere On The Network
Popular On MGPToday.com
How three different problems plagued Ducati's Czech GP...
No description available...
11h ago from Motorsport.com
Marc Marquez wins Brno MotoGP Sprint race
Marc Marquez continued his Saturday afternoon dominance with another...
15h ago from MotorsportWeek.c...
Pedro Acosta turns around ‘dark’ MotoGP season...
No description available...
13h ago from Motorsport.com
MotoGP: Takaaki Nakagami injured, out of Czech GP...
No description available...
11h ago from Motorsport.com
Popular On IndyCarToday.com
IndyCar Toronto – Qualifying Results
A knockout qualifying session for the NTT IndyCar Series took place on...
8h ago from MotorsportWeek.c...
Colton Herta takes pole as he aims for IndyCar Toronto...
No description available...
6h ago from Motorsport.com
Colton Herta hauls in IndyCar pole in Toronto
IndyCar completed a busy qualifying session on the streets of Toronto...
8h ago from MotorsportWeek.c...
Andretti tops Team Penske in IndyCar’s second...
IndyCar took to the streets of Toronto on Saturday morning, turning...
13h ago from MotorsportWeek.c...
Popular On TotalWRC.com
SuperSwede Solberg in command on Rally Estonia
Oliver Solberg continued his domination of WRC Delfi Rally Estonia on...
9h ago from MotorsportWeek.c...
WRC: Oliver Solberg still leading after Saturday Rally...
No description available...
9h ago from Motorsport.com
Oliver Solberg almost doubles Rally Estonia lead as...
No description available...
18h ago from Motorsport.com
Rally Estonia leader Oliver Solberg hit with suspended...
No description available...
20h ago from Motorsport.com
Popular On GunnersToday.com
'Protect your ankles, we are enemies now' - Chelsea...
Chelsea defender Wesley Fofana has sent a message to former teammate Noni...
11h ago from SportsKeeda.com
“It’s been good. It’s got to be better!” -...
Arsenal legend Thierry Henry has delivered his verdict on the performance...
12h ago from SportsKeeda.com
Report: Five players Chelsea could use in a deal to...
Chelsea remain interested in signing Morgan Rogers from Aston Villa, and...
16h ago from CaughtOffside.com
£20m asking price set: Chelsea star put up for sale...
Chelsea winger Raheem Sterling is reportedly up for sale for just £20m...
16h ago from CaughtOffside.com
Comments
Hottest News
Fans call for driver to be arrested after FLIPPING rival in...
You thought Max Verstappen completely lost his... Read More »
8h ago from GPFans.com
Lewis Hamilton pinpoints exact area Ferrari must strengthen
Lewis Hamilton has one area he feels Ferrari must... Read More »
20m ago from RacingNews365.com
'Angry' Christian Horner phone call revealed as Red Bull F1...
Christian Horner’s priorities have been... Read More »
11h ago from GPFans.com
