News Details
Major F1 cost-saving changes approved by FIA
The FIA's World Motor Sport Council has approved major changes to the sporting, technical and financial regulations that will help to safeguard Formula 1 in the wake of the COVID-19 pandemic. F1's ten teams had agreed to the radical package of cost-cutting measures in a vote last week, and the changes have now been officially ratified by the World Motor Sport Council as expected following an e-vote on Wednesday. Among the raft of financial rules aimed at reducing costs amid uncertainty caused by the ongoing coronavirus crisis, a budget cap of $145m will be introduced for 2021. That will be reduced by a further $5m to $140m for 2022 and lowered again to $135 for the 2023-2025...
Full Story »
Full Story »
You May Also Be Interested In...
FIA approves changes to 2020, 2021 and 2022 F1...
The World Motor Sport Council has approved by e-vote further changes to...
5y ago from GrandPrix247.com
WMSC approves changes to 2020, 2021 and 2022...
The World Motor Sport Council has approved further changes to the...
5y ago from Pitpass.com
Officially: Formula 1 accepts new, additional...
The World Motor Sport Council has approved further amendments to the...
5y ago from GPBlog.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
Elsewhere On The Network
Popular On MGPToday.com
MotoGP announces free 24/7 streaming service across...
MotoGP has announced a partnership with C15 studios to produce a free...
23h ago from MotorsportWeek.c...
Why LCR Honda won’t field injury replacement for...
No description available...
1d ago from Motorsport.com
MotoGP to stream free in US on new dedicated 24/7...
No description available...
1d ago from Motorsport.com
Kuala Lumpur emerges as favourite to host 2026 MotoGP...
No description available...
2d ago from Motorsport.com
Popular On IndyCarToday.com
McLaren to auction future F1, IndyCar and WEC cars in...
McLaren is to auction future F1, IndyCar and World Endurance Championship...
3h ago from MotorsportWeek.c...
Winners and losers from IndyCar’s Portland 2025...
No description available...
3d ago from Motorsport.com
IndyCar Portland – Race Results
The final road course event of the 2025 IndyCar season was contested on...
3d ago from MotorsportWeek.c...
Chip Ganassi: ‘We’re spoiled’ having drivers...
Alex Palou clinched the 2025 NTT IndyCar Series title over the weekend,...
3d ago from MotorsportWeek.c...
Popular On TotalWRC.com
How drones will change the way you watch motorsport
No description available...
22h ago from Motorsport.com
How WRC's crucial 2027 rules are falling into place
No description available...
1d 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
Popular On GunnersToday.com
Two clubs in contact to sign Arsenal attacker as...
Arsenal are reportedly facing interest in prolific young talent Dan Casey,...
39m ago from CaughtOffside.com
Episode 840 – The final step
Welcome to another episode of the Arsecast – the Arsenal podcast. In...
1h ago from Arseblog.com
“You’re not going to win the league with Odegaard...
Arsenal legend Tony Adams has advised the club to appoint Declan Rice as...
1h ago from SportsKeeda.com
Jamie Carragher left stunned after Arsenal icon Ian...
Liverpool legend Jamie Carragher was left stunned after Arsenal legend Ian...
1h ago from SportsKeeda.com
Comments
Hottest News
Alex Albon reveals critical Max Verstappen and Carlos Sainz...
Alex Albon has comfortably outclassed his... Read More »
48m ago from RacingNews365.com
Brown: An opportunity to own a piece of McLaren racing...
McLaren Racing will make motorsport history in... Read More »
49m ago from GrandPrix247.com
Red Bull 'stuck in mediocrity' as Schumacher casts Mekies...
Former F1 star Ralf Schumacher believes Red Bull... Read More »
1h ago from GPFans.com
