News Details
F1 teams agree to reduce 2021 budget cap
F1 teams have agreed to a cost cap reduction Teams have agreed to reduce the budget cap set to be introduced into Formula 1 in 2021. Financial Regulations are set to be implemented for the first time in the sport's history next season. Originally it was planned to form part of a broader regulatory change with new Technical Regulations designed to improve the look of cars and increase the on track action. Those have been delayed until 2022, and possibly even 2023, in an effort to reduce costs to teams amid the COVID-19 pandemic. According to McLaren's Zak Brown, teams have now also agreed to lower the $175 million budget cap to just $150 million. He suggests that figure should come down...
Full Story »
Full Story »
5y ago from SpeedCafe.com
0
You May Also Be Interested In...
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
Smaller F1 teams target budget cap reduction to $100M!
Formula 1's smaller teams, who are most vulnerable to the sport's...
5y ago from F1i.com
‘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
Teams to discuss lower 2021 budget cap
Apr.3 Formula 1 teams are vowing to be "flexible" in order to...
5y ago from OneStopStrategy.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...
10h 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...
8h 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,...
8h ago from MotorsportWeek.c...
Honda confirms early discussions for 2028 factory...
Honda, one of two engine manufacturers that supply IndyCar, has confirmed...
1d ago from MotorsportWeek.c...
Mick Schumacher reveals what has surprised him the...
No description available...
2d ago from Motorsport.com
Popular On TotalWRC.com
WRC Sweden: Takamoto Katsuta snatches lead from Elfyn...
No description available...
4h ago from Motorsport.com
Takamoto Katsuta heads Toyota 1-2-3 in Rally Sweden
Takamoto Katsuta and Aaron Johnston lead Rally Sweden after Friday’s...
5h ago from MotorsportWeek.c...
Thierry Neuville labels WRC struggles the “hardest...
No description available...
10h ago from Motorsport.com
WRC Sweden: Elfyn Evans leads as Oliver Solberg drops...
No description available...
12h 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...
6h ago from CaughtOffside.com
“Astonishing” attacker on Arsenal and Chelsea...
Atletico Madrid striker Julian Alvarez is a target for Arsenal and Chelsea...
9h ago from CaughtOffside.com
Possible boost for Arsenal as Manchester City star...
Manchester City midfielder Rodri has been charged by the Football...
10h ago from CaughtOffside.com
National team manager 'optimistic' about Arsenal...
Spain manager Luis de la Fuente has spoken about Arsenal midfielder Mikel...
11h 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 »
17h ago from MotorsportWeek.com
Leclerc left encouraged by Ferrari’s start, but claims...
Charles Leclerc left the opening three‑day... Read More »
1h ago from F1Technical.net
Oscar Piastri calls for immediate action over 'borderline...
Oscar Piastri has identified a key area of... Read More »
5h ago from RacingNews365.com
