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
MotoGP to stream free in US on new dedicated 24/7...
No description available...
15h ago from Motorsport.com
Kuala Lumpur emerges as favourite to host 2026 MotoGP...
No description available...
18h ago from Motorsport.com
BMW admits 2027 MotoGP entry ‘not viable’ as it...
BMW has admitted it is “not viable” for the German manufacturer to...
1d ago from MotorsportWeek.c...
Why the next contract matters more to Fabio Quartararo...
No description available...
2d ago from Motorsport.com
Popular On IndyCarToday.com
Winners and losers from IndyCar’s Portland 2025...
No description available...
1d ago from Motorsport.com
Chip Ganassi: ‘We’re spoiled’ having drivers...
Alex Palou clinched the 2025 NTT IndyCar Series title over the weekend,...
1d ago from MotorsportWeek.c...
IndyCar Portland – Race Results
The final road course event of the 2025 IndyCar season was contested on...
2d 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...
2d ago from MotorsportWeek.c...
Popular On TotalWRC.com
How WRC's crucial 2027 rules are falling into place
No description available...
13h ago from Motorsport.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...
1w ago from Motorsport.com
Popular On GunnersToday.com
Real Madrid Transfer News Roundup: Saudi Arabia...
Real Madrid secured a 4-0 win over WSG Tirol at the Tivoli Stadion Tirol...
30m ago from SportsKeeda.com
Arsenal will look to sign LaLiga superstar if they...
Arsenal have reportedly made Real Madrid forward Rodrygo their Plan B if...
10h ago from SportsKeeda.com
Offer accepted: Arsenal very close to finalising...
Arsenal are now closing in on the capture of Eberechi Eze from Crystal...
15h ago from CaughtOffside.com
Theo Walcott makes scoreline prediction for Premier...
Former Premier League star Theo Walcott has backed Arsenal to beat...
14h ago from SportsKeeda.com
Comments
Hottest News
F1 News Today: Lewis Hamilton facing impossible decision as...
Lewis Hamilton’s Mercedes exit was more than... Read More »
1h ago from GPFans.com
Rosberg pinpoints 'scary' Piastri trait Norris must overcome
Nico Rosberg believes Lando Norris and Oscar... Read More »
50m ago from SkySports.com
'Uncomplicated' Max Verstappen defended: 'I'd tell you if...
Max Verstappen has received incredibly high... Read More »
29m ago from RacingNews365.com
