News Details

Verstappen's manager slams salary cap idea

May 29 Max Verstappen has slammed as 'idiocy' plans to enforce a driver salary cap in Formula 1. As a debate rages in the paddock about whether rampant inflation should bump up the $140 million per-team budget cap in 2022, it emerges that also under discussion is a separate limit on how much drivers can be paid. Ferrari boss Mattia Binotto confirmed the talks. 'These discussions will take time,' he said at Monaco, 'as you have to deal with the existing contracts.' According to the Dutch newspaper De Telegraaf, the salary cap idea is also already opposed by Red Bull and even Liberty Media. 'Total idiocy,' said Verstappen's manager Raymond Vermeulen when asked about the salary cap proposal....
Full Story »
Share

You May Also Be Interested In...

‘Many teams' will break budget cap –...

May 29 Ferrari has joined Red Bull in pushing for an emergency increase...
3y ago from OneStopStrategy.com

F1 row threatens existence of budget cap –...

May 24 Smaller teams are continuing to resist efforts to ramp up the...
3y ago from OneStopStrategy.com

‘It's impossible': McLaren team principal sends...

Global rising costs are having a dramatic effect on Formula 1, with teams...
3y ago from Formula1News.co.uk

Red Bull's budget cap problem ‘great' –...

May 28 Some teams are refusing to budge as Red Bull leads a vocal...
3y ago from OneStopStrategy.com

Elsewhere On The Network

Popular On MGPToday.com

Popular On IndyCarToday.com

Paddock optimism for IndyCar’s new independent...

Drivers in the NTT IndyCar Series are largely happy to see the series’...

IndyCar grows international broadcast offerings for...

The NTT IndyCar Series has announced that its already extensive global...

Popular On TotalWRC.com

Elfyn Evans wins Swedish showdown

Elfyn Evans and Scott Martin clinched victory on Rally Sweden which ended...

Popular On GunnersToday.com

Watch: Footage shows Micky van de Ven completely...

Shocking footage has emerged from the stands showing Dutch center-back...
3h ago from CaughtOffside.com

Nev: Arsenal answered questions in Spurs win and...

Gary Neville says Arsenal have answered questions in their win at...
3h ago from SkySports.com

‘Slightly concerned': Sutton slams Arsenal...

Arsenal delivered a blistering response to their recent title jitters with...
4h ago from CaughtOffside.com

Arsenal win battle of derby narratives but tell us...

was a close run thing for a time, but Tottenham’s haplessness prevailed...
3h ago from TheGuardian.com

Comments

Hottest News

Recent News


2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.