News Details
F1's cost cap should be at least $50m/year lower - Guenther Steiner
Haas boss Guenther Steiner reckons Formula 1’s cost cap should be at least $50m per year lower, following the ratification of the 2021 regulations. Formula 1 will introduce a yearly cost cap of $175m from 2021 in a bid to curb spending, though several factors such as driver salaries, marketing and heritage costs are not included. The majority of Formula 1 teams already operate on an annual budget far less than $175m, and Steiner believes that a lower cap would facilitate fundamental changes. “We should have the budget cap lower, then you wouldn’t need to make cost savings, then the better job you do with your own cost savings, instead of being told we have to save...
Full Story »
Full Story »
6y ago from MotorsportWeek.com
0
You May Also Be Interested In...
Ferrari want a budget cap which covers the engine
In 2021, the intended budget cap is $175 million per year. Mercedes and...
6y ago from GPBlog.com
F1's budget cap to see driver salaries soar
It has been predicted that Formula 1 drivers may end up being paid even...
6y ago from GPFans.com
Villeneuve denounces budget cap as 'pure socialism'
Former Formula 1 world champion Jacques Villeneuve had come out strongly...
6y ago from F1i.com
Ferrari CEO wants 2021 clarity, eventual cap on engine...
Ferrari CEO Louis Camilleri says Formula 1 is “not even at the end...
6y ago from MotorsportWeek.com
Elsewhere On The Network
Popular On MGPToday.com
Ducati: Marc Marquez “helped, protected” Francesco...
No description available...
14h ago from Motorsport.com
Why Aprilia boss is "disappointed" about not...
No description available...
1d ago from Motorsport.com
Why Francesco Bagnaia seems closer to leaving Ducati...
No description available...
2d ago from Motorsport.com
Jorge Martin likely to miss Sepang MotoGP test after...
No description available...
3d ago from Motorsport.com
Popular On IndyCarToday.com
IndyCar penalizes Abel Motorsports for rig testing
No description available...
1d ago from Motorsport.com
Alex Palou responds to McLaren court ruling
Alex Palou has been ordered to pay McLaren Racing over $12 million...
1d ago from MotorsportWeek.c...
McLaren wins contract breach suit against Alex Palou
McLaren has prevailed in its lawsuit against star IndyCar driver Alex...
1d ago from MotorsportWeek.c...
Palou ordered to pay $12 million to McLaren in...
No description available...
1d ago from Motorsport.com
Popular On TotalWRC.com
WRC Monte Carlo: Oliver Solberg survives with healthy...
No description available...
5h ago from Motorsport.com
Solberg steals the show on Saturday
Oliver Solberg and Elliot Edmondson continued where they left off on...
6h ago from MotorsportWeek.c...
WRC Monte Carlo: Oliver Solberg in control, as Elfyn...
No description available...
13h ago from Motorsport.com
WRC Monte Carlo: Oliver Solberg moves clear of the...
No description available...
1d ago from Motorsport.com
Popular On GunnersToday.com
Report: Arsenal ‘in talks' to sign Real Madrid...
Arsenal are stepping up their long-term recruitment planning, with sources...
1h ago from FreshArsenal.com
Report: Arsenal interested in signing Brazilian league...
Arsenal look unlikely to sign any senior players soon, but the club do...
1h ago from FreshArsenal.com
Jermaine Jenas warns Arsenal about 3 Manchester United...
Former Tottenham Hotspur midfielder Jermaine Jenas has warned Arsenal that...
5h ago from SportsKeeda.com
Talks held: Arsenal planning transfer move for £43m...
Arsenal are reportedly discussing a potential future transfer move for...
6h ago from CaughtOffside.com
Comments
Hottest News
Charles Leclerc suffers very unfortunate mishap during...
There's low-hanging fruit, and then... Read More »
4h ago from GPFans.com
Lewis Hamilton left stunned after first Ferrari 2026 F1 laps
Ferrari unveiled to the world its new car for the... Read More »
13h ago from RacingNews365.com
Kelly Piquet tells all about the very first time she met...
Kelly Piquet shared the details of how she first... Read More »
3h ago from GPFans.com
