News Details
‘Smaller teams want lower cap, Ferrari says no'
Formula 1's smaller teams are pushing for next year's budget cap to be lowered to '$100 million' with the topic up for discussion on Monday. Formula 1 is facing its worst financial crisis is over a decade with many teams feeling the pinch. This has already led to McLaren furloughing staff with the drivers taking pay cuts while Lewis Hamilton and the Ferrari team-mates have reportedly also offered to take a wage reduction. However, not all the teams have drivers that earn salaries large enough to make a difference. As such Auto Motor und Sport reports that the smaller teams are calling for next year's budget cap to be lowered from $170 million to ‘$100 million'. They also want all the...
Full Story »
Full Story »
5y ago from PlanetF1.com
0
You May Also Be Interested In...
F1 teams meet Monday: Small teams want even lower...
The Formula 1 season is still at a standstill and that has consequences...
5y ago from GPBlog.com
Szafnauer: Savings of £10 million are possible
Formula 1 teams can save up to £10 million on car development if the...
5y ago from GrandPrix247.com
Racing Point sees £10 million of potential savings...
Racing Point team boss Otmar Szafnauer believes teams could save up to...
5y ago from F1i.com
Szafnauer: 'Crucial' for smaller teams to have...
Racing Point team boss Otmar Szafnauer says the amount of parts teams...
5y ago from F1i.com
Elsewhere On The Network
Popular On MGPToday.com
MotoGP announces Qatar round postponed until November
MotoGP has confirmed that Qatar's 10-12 April slot will be moved to 6-8...
9h ago from MotorsportWeek.c...
MotoGP postpones Qatar GP to November due to Middle...
No description available...
10h ago from Motorsport.com
MotoGP working on rescheduling Qatar GP amid Iran war
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Official race results: 2026 IndyCar Grand Prix of...
No description available...
1h ago from Motorsport.com
IndyCar 2026 Arlington – Race Results
Kyle Kirkson won the 2026 IndyCar Java House Grand Prix of Arlington to...
1h ago from MotorsportWeek.c...
Kyle Kirkwood leads Andretti romp to take IndyCar...
IndyCar tackled the new street track in Arlington, Texas on Sunday, with...
52m ago from MotorsportWeek.c...
Max Taylor delivers late pass to capture first Indy...
No description available...
4h ago from Motorsport.com
Popular On TotalWRC.com
Why Takamoto Katsuta’s long-awaited first WRC win...
No description available...
1h ago from Motorsport.com
“Proud” Ott Tanak, Kalle Rovanpera lead praise of...
No description available...
5h ago from Motorsport.com
WRC Safari Rally Kenya: Takamoto Katsuta scores...
No description available...
8h ago from Motorsport.com
Taka-San: King of Kenya
At the 94th time of asking, Takamoto Katsuta and co-driver Aaron Johnston...
7h ago from MotorsportWeek.c...
Popular On GunnersToday.com
Arsenal hero Thierry Henry sums up feeling of watching...
Arsenal legend Thierry Henry has revealed his reaction to teenage...
3h ago from SportsKeeda.com
“It’s not over. Who said that?” - Guardiola...
Manchester City boss Pep Guardiola has sent a strong message to Arsenal on...
8h ago from SportsKeeda.com
Man United lead race for 65m wonderkid on Arsenal,...
Manchester United are very interested in signing Assan Ouedraogo from RB...
10h ago from CaughtOffside.com
Liverpool and Arsenal in the race to sign 22-year-old...
Arsenal and Liverpool are interested in signing the FC Midtjylland winger...
10h ago from CaughtOffside.com
Comments
Hottest News
Does F1 have a backup plan? FIA confirm review of...
The FIA's single seater director Nikolas Tombazis... Read More »
1h ago from GPFans.com
F1: 'I'm back to my best,' declares Hamilton
What a difference a year makes, as Lewis Hamilton... Read More »
1h ago from Pitpass.com
Fernando Alonso blasts latest F1 embarrassment: 'The worst...
Fernando Alonso's sharp tongue has lashed out at... Read More »
9h ago from GPFans.com
