News Details
‘Dumb Americans' know how to create a budget cap
Liberty Media CEO Greg Maffei has hailed ex-Formula 1 boss Chase Carey for his achievement in making the budget cap a reality. Putting a limit on the spending power of the teams is far from a new concept in Formula 1. Bernie Ecclestone and former FIA president Max Mosley tried and failed in the past, and in time the implications became clear. As comfortably the three highest spenders in Formula 1, Mercedes, Ferrari and Red Bull would go on to establish themselves at the top, with a clear divide on-track to those with more modest budgets in the midfield. But under the leadership of Carey, Formula 1 was finally able to bring in a budget cap. Teams are now permitted to spend up to $145m per...
Full Story »
Full Story »
4y ago from PlanetF1.com
0
You May Also Be Interested In...
Liberty's Maffei on F1 cost cap: 'Dumb Americans' got...
Liberty Media CEO Greg Maffei says former F1 boss Chase Carey deserves...
4y ago from F1i.com
"Stupid Americans, what do they know about...
Bernie Ecclestone was the big man behind Formula 1's commercial growth...
4y ago from GPBlog.com
Defending Chase
I’m certainly not one to be critical of what Chase Carey was able to...
4y ago from TheParcFerme.com
Red Bull to cap F1 drivers' salaries: 'Respect...
In 2021 there will be a budget cap for the first time in Formula 1, which...
4y ago from GPBlog.com
Elsewhere On The Network
Popular On MGPToday.com
Fermin Aldeguer to miss MotoGP season opener in...
Gresini Ducati has confirmed Fermin Aldeguer will miss the opening round...
7h ago from MotorsportWeek.c...
Fermin Aldeguer to miss Thai GP, Gresini names...
No description available...
8h ago from Motorsport.com
Marco Bezzecchi satisfied with ‘smaller’...
Marco Bezzecchi admits the Aprilia bike has slightly improved “in all...
10h ago from MotorsportWeek.c...
Jorge Martin sought Marc Marquez’s advice before...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Honda confirms early discussions for 2028 factory...
Honda, one of two engine manufacturers that supply IndyCar, has confirmed...
1h ago from MotorsportWeek.c...
IndyCar announces historic multi-year deal with...
No description available...
6h ago from Motorsport.com
IndyCar announces multi-year extension with engine...
The NTT IndyCar Series has announced a long-term continuation with both...
5h ago from MotorsportWeek.c...
Popular On TotalWRC.com
WRC Sweden: Oliver Solberg sets the pace to grab early...
No description available...
1h ago from Motorsport.com
Dacia announces exit from Rally-Raid, rules out 2027...
No description available...
6h ago from Motorsport.com
Low snowfall throws up extra curveball for WRC crews...
No description available...
3h ago from Motorsport.com
Martins Sesks sets out target ahead of WRC return
No description available...
3h ago from Motorsport.com
Popular On GunnersToday.com
Reort: Arsenal very keen on signing 18-G/A Brazilian...
Arsenal are reportedly interested in the Barcelona attacker Raphinha. ...
53m ago from CaughtOffside.com
Arsenal, Man United and Chelsea join intense pursuit...
Manchester United, Arsenal and Chelsea are interested in signing...
33m ago from CaughtOffside.com
'What happened to him', 'Ain't looking good' - Arsenal...
Arsenal fans are left worried as William Saliba is out of their Premier...
1h ago from SportsKeeda.com
Brentford v Arsenal: Premier League – live
Premier League updates from the 8pm (GMT) kick-off<br>⚽ <a...
2h ago from TheGuardian.com
Comments
Hottest News
2026 Formula 1 Bahrain Preseason Test Day 2: Teams &...
The running on day two of the 2026 Formula 1... Read More »
1h ago from GrandPrix247.com
Lewis Hamilton finally breaks his silence on Kim Kardashian...
Seven-time champion Lewis Hamilton has finally... Read More »
2h ago from GPFans.com
F1 Testing Results: Bahrain timesheets and laps as Ferrari...
Ferrari's Charles Leclerc finished top of the... Read More »
4h ago from GPFans.com
