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

Pato O'Ward issues damning verdict on ‘Mario...

Pato O'Ward isn't chasing F1 any more after falling out of love with...

IndyCar names officiating director ahead of Indy 500

IndyCar Officiating has announced Scot Elkins as the new Managing...

Popular On TotalWRC.com

Popular On GunnersToday.com

'Might have to wait his turn' - Pundit asks Mikel...

Former Arsenal star Perry Groves has urged Mikel Arteta to keep Viktor...
1h ago from SportsKeeda.com

Arsenal & Chelsea handed chance to sign serial...

Bernardo Silva has been linked with a move away from Manchester City at...
3h ago from CaughtOffside.com

Real Madrid plot ambitious move for 110m-rated...

Gabriel Magalhaes has been one of the best defenders in the Premier League...
2h ago from CaughtOffside.com

'I just want them to remind themselves where they are'...

Arsenal legend Patrick Vieira has urged the Gunners to remind themselves...
3h ago from SportsKeeda.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.