News Details
Formula 1 teams approve cost-cap, other changes
Formula 1 is set to move forward with a $145 million budget cap for 2021 and other cost-cutting measures after teams voted their approval on Friday. The measures have yet to be approved officially by the governing FIA’s World Motor Sport Council, by an e-vote due to the COVID-19 pandemic, but that is seen as a formality and likely next week. F1’s managing director for motorsport Ross Brawn said this month that the $145 million figure had been agreed and the sport would look for further reductions in future seasons. The BBC and motorsport.com, citing multiple sources, said teams had agreed to reduce the cap to $140 million in 2022 and $135 million for the period 2023-25....
Full Story »
Full Story »
5y ago from GrandPrix247.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
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
Formula 1 teams agree cost-cutting package
Formula 1 teams have agreed to a package of cost-cutting changes to help...
5y ago from BBC.co.uk
The braking point: Formula 1 at a crossroads
The impact of the coronavirus has been so dramatic and immediate that I...
5y ago from GrandPrix247.com
Elsewhere On The Network
Popular On MGPToday.com
BMW admits 2027 MotoGP entry ‘not viable’ as it...
BMW has admitted it is “not viable” for the German manufacturer to...
6h ago from MotorsportWeek.c...
Why the next contract matters more to Fabio Quartararo...
No description available...
1d ago from Motorsport.com
Honda in conundrum over Somkiat Chantra stand-in for...
No description available...
2d ago from Motorsport.com
BMW admits 2027 MotoGP entry “not viable” as it...
No description available...
3d ago from Motorsport.com
Popular On IndyCarToday.com
Chip Ganassi: ‘We’re spoiled’ having drivers...
Alex Palou clinched the 2025 NTT IndyCar Series title over the weekend,...
2h ago from MotorsportWeek.c...
Winners and losers from IndyCar’s Portland 2025...
No description available...
2h ago from Motorsport.com
IndyCar Portland – Race Results
The final road course event of the 2025 IndyCar season was contested on...
16h ago from MotorsportWeek.c...
Alex Palou clinches title, becomes IndyCar’s newest...
Alex Palou is the champion of the 2025 NTT IndyCar Series, having locked...
16h ago from MotorsportWeek.c...
Popular On TotalWRC.com
Kalle Rovanperä hits the jackpot
Kalle Rovanperä and Jonne Halttunen finally won Rally Finland, laying to...
1w ago from MotorsportWeek.c...
Kurt Busch backs WRC return to USA after first taste...
No description available...
1w ago from Motorsport.com
Future second Asian/Pacific event behind WRC calendar...
No description available...
6d ago from Motorsport.com
Sebastien Ogier sets sights on WRC 2025 title push
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Arsecast Extra Episode 653 – 11.08.2025
Welcome to another Arsecast Extra, the Arsenal podcast, with myself and...
3h ago from Arseblog.com
“I’d agree” - Alan Shearer and Gary Lineker say...
Alan Shearer and Gary Lineker believe that Viktor Gyokeres' arrival might...
5h ago from SportsKeeda.com
Arsenal latest: 'Players come and go' - Parish coy...
No description available...
5h ago from SkySports.com
Jose Mourinho makes offer to sign Arsenal star; wants...
Former Premier League winning-coach Jose Mourinho wants to sign Arsenal...
6h ago from SportsKeeda.com
Comments
Hottest News
Lewis Hamilton urged to retire as Red Bull decision branded...
The latest episode of the RacingNews365 Podcast... Read More »
1h ago from RacingNews365.com
Lewis Hamilton suffers major blow as key announcement made
Lewis Hamilton has suffered a blow in the... Read More »
3h ago from RacingNews365.com
F1 CEO plans to propose bold suggestions to Sprint format
F1 CEO Stefano Domenicali has revealed he... Read More »
1h ago from MotorsportWeek.com
