News Details
Teams officially agree to a reduced cost cap for 2021
A cost-cutting package for the 2021 season has been agreed upon by Formula 1 teams, the package including a reduced $145 million cost cap. In a vote, teams agreed to drop the originally planned cost cap of $175m by $30m to just $145m. This figure has been public knowledge for some time, but now Formula 1 officials can take the regulation to the FIA world motorsport council for the final seal of approval. Article continues under video Ferrari are believed to have been the team most opposed to a reduced cost cap, with team principal Mattia Binotto publicly saying that the introduction of this cap could, "put [Ferrari] in a position of having to look at other further options for...
Full Story »
Full Story »
5y ago from GPFans.com
0
You May Also Be Interested In...
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 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 to unveil huge cost-cutting package, including...
Formula 1 teams have reportedly signed off on a huge package of...
5y ago from MotorsportWeek.com
Elsewhere On The Network
Popular On MGPToday.com
Marc Marquez: 'It's not that the others are going...
No description available...
4h ago from Motorsport.com
Pedro Acosta ‘barely makes it through’ to Q2 after...
No description available...
4h ago from Motorsport.com
Guenther Steiner: 'Maverick Vinales must stay away...
No description available...
6h ago from Motorsport.com
What’s behind Honda’s pace-setting speed in French...
No description available...
6h ago from Motorsport.com
Popular On IndyCarToday.com
Enzo Fittipaldi snags first Indy NXT win in Race 1 of...
No description available...
59m ago from Motorsport.com
Second IndyCar practice at IMS headed up by Alex Palou
IndyCar took to the Indianapolis Motor Speedway road course for the...
3h ago from MotorsportWeek.c...
IndyCar postpones IMS qualifying due to rain
The NTT IndyCar Series has postponed qualifying due to continuing...
19m ago from MotorsportWeek.c...
Palou secures early advantage in first IndyCar...
The NTT IndyCar Series completed its first official session of the Month...
7h ago from MotorsportWeek.c...
Popular On TotalWRC.com
WRC Portugal: Organisers investigate major stage...
No description available...
2h ago from Motorsport.com
WRC Portugal: Adrien Fourmaux off gives Sebastien...
No description available...
5h ago from Motorsport.com
Dani Sordo questions “stupid” WRC tyre rules amid...
No description available...
10h ago from Motorsport.com
WRC Portugal: Hyundai on top as overnight leader...
No description available...
11h ago from Motorsport.com
Popular On GunnersToday.com
Mikel Arteta urges Arsenal to ‘channel energy’ in...
ager dismisses criticism from the ‘celebration police’ and is focused...
59m ago from TheGuardian.com
The seven games that will decide whether Arsenal or...
enal have the advantage in the Premier League title race but will they...
59m ago from TheGuardian.com
Andrea Berta a huge admirer of 26-year-old Liverpool...
Arsenal are interested in signing the Atalanta midfielder Ederson Dos...
1h ago from CaughtOffside.com
Arsenal and Man City battle for 55m Spanish attacker...
Matias Fernandez-Pardo has been linked with a move away from LOSC Lille at...
1h ago from CaughtOffside.com
Comments
Hottest News
Thought F1 was bad? INDYCAR drivers rage over crazy rules:...
An IndyCar rule change has confused all involved,... Read More »
1h ago from GPFans.com
Daniel Ricciardo on life in the F1 paddock: 'That was not...
F1 legend Daniel Ricciardo has reflected on his... Read More »
2h ago from GPFans.com
Aston Martin 2026 flop ‘the biggest blunder in F1...
Aston Martin is experiencing a true F1 disaster... Read More »
3h ago from GPFans.com
