News Details
Smaller F1 teams target budget cap reduction to $100M!
Formula 1's smaller teams, who are most vulnerable to the sport's economic downturn following the coronavirus crisis, are seeking a reduction of next year's budget cap from $170 to $100 million. A disrupted 2020 championship which may not get underway until the late summer is set to inflict massive pain on F1, with revenues falling across the board for Liberty Media, the sport's commercial rights holder, but also for the teams which are preparing for a significant drop in financial revenue. Formula 1 is attempting to mitigate the effects of the shortfall with a series of measures destined to reduce costs for the teams. Szafnauer: 'Crucial' for smaller teams to have unchanged cars for 2021...
Full Story »
Full Story »
You May Also Be Interested In...
‘Smaller teams want lower cap, Ferrari says no'
Formula 1's smaller teams are pushing for next year's budget cap to be...
5y ago from PlanetF1.com
Auto, Motor und Sport: 'FIA considers stricter budget...
Formula 1 is struggling with the consequences of the coronavirus and it...
5y ago from GPBlog.com
Rosberg ditches smartphone to avoid coronavirus frenzy
Nico Rosberg has his own strategy for surmounting the current coronavirus...
5y ago from F1i.com
F1 teams meet Monday: Small teams want even lower...
The Formula 1 season is still at a standstill and that has consequences...
5y ago from GPBlog.com
Elsewhere On The Network
Popular On MGPToday.com
Joan Mir: ‘Everyone cannot sleep’ because of 2027...
Joan Mir suggested that rumours about the 2027 MotoGP rider market are...
5h ago from MotorsportWeek.c...
Fermin Aldeguer to miss MotoGP season opener in...
Gresini Ducati has confirmed Fermin Aldeguer will miss the opening round...
1d ago from MotorsportWeek.c...
Marco Bezzecchi satisfied with ‘smaller’...
Marco Bezzecchi admits the Aprilia bike has slightly improved “in all...
1d ago from MotorsportWeek.c...
Fermin Aldeguer to miss Thai GP, Gresini names...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Romain Grosjean returns to IndyCar, signs with Dale...
No description available...
3h ago from Motorsport.com
Romain Grosjean returns to IndyCar with full time seat...
Dale Coyne Racing has made public its plans for the 2026 IndyCar season,...
3h ago from MotorsportWeek.c...
Honda confirms early discussions for 2028 factory...
Honda, one of two engine manufacturers that supply IndyCar, has confirmed...
23h ago from MotorsportWeek.c...
Popular On TotalWRC.com
Takamoto Katsuta heads Toyota 1-2-3 in Rally Sweden
Takamoto Katsuta and Aaron Johnston lead Rally Sweden after Friday’s...
8m ago from MotorsportWeek.c...
Thierry Neuville labels WRC struggles the “hardest...
No description available...
5h ago from Motorsport.com
WRC Sweden: Elfyn Evans leads as Oliver Solberg drops...
No description available...
6h ago from Motorsport.com
Dacia announces exit from Rally-Raid, rules out 2027...
No description available...
1d ago from Motorsport.com
Popular On GunnersToday.com
8 goals in 11 starts: Arsenal, Chelsea & Man Utd...
Eli Junior Kroupi has been outstanding for Bournemouth since joining the...
48m ago from CaughtOffside.com
“Astonishing” attacker on Arsenal and Chelsea...
Atletico Madrid striker Julian Alvarez is a target for Arsenal and Chelsea...
3h ago from CaughtOffside.com
Possible boost for Arsenal as Manchester City star...
Manchester City midfielder Rodri has been charged by the Football...
5h ago from CaughtOffside.com
National team manager 'optimistic' about Arsenal...
Spain manager Luis de la Fuente has spoken about Arsenal midfielder Mikel...
6h ago from CaughtOffside.com
Comments
Hottest News
F1 2026 – Bahrain test Day 3 live
It's the third and final day of running of the... Read More »
11h ago from MotorsportWeek.com
F1: Test Times: Bahrain 13-02
Today's times from Manama, the final day of the... Read More »
3h ago from Pitpass.com
F1 News Today: Hamilton stops on track for Ferrari as...
Max Verstappen issued a brutal verdict on F1's... Read More »
3h ago from GPFans.com
