News Details
Formula 1's cost-cutting proposals approved by FIA
Formula 1's plan for cost-cutting measures has been approved by the sport's governing body the FIA. The changes to the sporting, technical and financial regulations were passed by e-vote at Wednesday's world motorsport council meeting. It was "due to the need to reduce costs and safeguard the sport in light of the Covid-19 pandemic", said a statement. F1 had previously agreed to introduce a budget cap for the 2021 season, but these new measures go further. Last Friday teams voted to accept a plan to lower the budget cap to be introduced next year by $30m to $145m (£114m). This will be reduced again to $140m in 2022 and $135m for the period 2023-25. This is one of a series of...
Full Story »
Full Story »
You May Also Be Interested In...
F1's big cost-cutting changes approved
F1's big and wide-ranging package of cost-cutting measures - headlined by...
5y ago from SkySports.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
F1 teams approve radical cost-cutting measures
Formula 1 teams have approved major cost-cutting changes aimed at helping...
5y ago from Crash.net
Elsewhere On The Network
Popular On MGPToday.com
MotoGP working on rescheduling Qatar GP amid Iran war
No description available...
38m ago from Motorsport.com
Honda pinpoints potential ‘advantage' ahead of...
Honda technical director Romano Albesiano believes there is one specific...
2d ago from MotorsportWeek.c...
Toprak Razgatlioglu’s manager backs Pramac...
No description available...
2d ago from Motorsport.com
Popular On IndyCarToday.com
Scott McLaughlin: Arlington “instantly my most...
No description available...
12h ago from Motorsport.com
IndyCar drivers praise Fast Six qualifying format...
No description available...
14h ago from Motorsport.com
McLaughlin sets the early pace in IndyCar’s first...
The NTT IndyCar Series took to the track on a brand new street course...
13h ago from MotorsportWeek.c...
Pato O'Ward on the 'red flag' that has prevented an...
No description available...
17h ago from Motorsport.com
Popular On TotalWRC.com
Breaking: Takamoto Katsuta leads Safari Rally
News just in is that both Sebastien Ogier and Oliver Solberg have stopped...
58m ago from MotorsportWeek.c...
WRC Safari Rally Kenya: Elfyn Evans retires as drivers...
No description available...
2h ago from Motorsport.com
WRC Safari Rally Kenya: Oliver Solberg and Sebastien...
No description available...
1h ago from Motorsport.com
WRC Safari Rally Kenya: Oliver Solberg hangs on to...
No description available...
19h ago from Motorsport.com
Popular On GunnersToday.com
Euro giants ready to move for in-form Arsenal star...
Arsenal defender Jakub Kiwior is reportedly attracting transfer interest...
3h ago from CaughtOffside.com
Barcelona and Arsenal dealt blow as European rivals...
Barcelona and Arsenal are allegedly expected to be opposed by Ligue 1 side...
4h ago from SportsKeeda.com
Rotation can make Arsenal less predictable for Everton...
Morning all. It's a big one today, they're all big ones at this stage to...
3h ago from Arseblog.com
Chelsea dealt blow as Pedro Neto learns punishment for...
Chelsea star Pedro Neto has been handed a one-game ban for his reaction to...
4h ago from SportsKeeda.com
Comments
Hottest News
Lewis Hamilton spills major Mercedes F1 secret at Chinese GP
Seven-time F1 champion Lewis Hamilton has been... Read More »
2h ago from GPFans.com
Lewis Hamilton Chinese GP disqualification a watershed...
Lewis Hamilton's blockbuster move to Ferrari... Read More »
48m ago from GPFans.com
FIA take action over controversial F1 race starts
Audi team principal Jonathan Wheatley has... Read More »
1h ago from GPFans.com
