News Details
Formula 1 bosses make final budget offer to teams
Formula 1 bosses have made a final offer to teams of a sliding scale budget cap reducing from $145m to $130m over the next three years. The proposal is part of changes aimed at addressing the financial impact of the coronavirus in a letter to teams from F1 managing director Ross Brawn. F1 has proposed a cap of $145m (£116m) in 2021, reducing to $140m in 2022 and $135m for the period 2023-25. Teams will spend the coming days assessing the ideas before a vote. The proposals - which also include a sliding scale of allowance for aerodynamic research according to a team's success, and compensation for the manufacturer teams recognising the value of research and development of parts sold to...
Full Story »
Full Story »
You May Also Be Interested In...
F1 seeking agreement on $145m budget cap
Ross Brawn reveals that the teams are to be presented with a budget cap of...
5y ago from Pitpass.com
Brawn: Budget cap of $145m agreed for 2021
A greatly reduced budget cap for the 2021 season has been agreed upon...
5y ago from MotorsportWeek.com
F1 to meet on budget cap reduction & virus testing...
1 bosses will meet this week to discuss a reduction of the budget cap...
5y ago from BBC.co.uk
$145m budget cap for Formula 1 in 2021
Ross Brawn has confirmed that a $145 million budget cap for 2021 is close...
5y ago from GPFans.com
Elsewhere On The Network
Popular On MGPToday.com
Jorge Lorenzo shares his ‘theory' on the cause...
Five-time MotoGP champion Jorge Lorenzo believes that multiple factors...
3d ago from MotorsportWeek.c...
Miguel Oliveira: I did my best to stay in MotoGP but...
No description available...
2d ago from Motorsport.com
How Aprilia believes it “overreached our target”...
No description available...
3d ago from Motorsport.com
Toprak Razgatlioglu aims to challenge Fabio Quartararo...
No description available...
5d ago from Motorsport.com
Popular On IndyCarToday.com
Aggressive testing schedule planned ahead of Mick...
Following confirmation Mick Schumacher will make a switch to IndyCar next...
5d ago from MotorsportWeek.c...
Mick Schumacher joins RLL in IndyCar switch
Rahal Letterman Lanigan Racing has announced that Mick Schumacher will...
6d ago from MotorsportWeek.c...
Mick Schumacher hails IndyCar racing as "the way...
No description available...
4d ago from Motorsport.com
Mick Schumacher makes IndyCar switch with RLL in 2026
No description available...
6d ago from Motorsport.com
Popular On TotalWRC.com
Ott Tanak looking forward to break from full-time...
No description available...
8h ago from Motorsport.com
Sebastien Ogier on matching Sebastien Loeb’s record...
No description available...
1d ago from Motorsport.com
What Elfyn Evans was missing in his 2025 WRC title...
No description available...
1d ago from Motorsport.com
Popular On GunnersToday.com
'At full speed it doesn't look that bad!' |...
Daniel Sturridge and Theo Walcott share their opinion of Moises Caicedo's...
37m ago from SkySports.com
'You gotta be kidding me,' 'Big, big miss' - Arsenal...
Arsenal fans on X are in disbelief upon learning that William Saliba will...
2h ago from SportsKeeda.com
Chelsea v Arsenal – live blog
Join us for live blog coverage of our Premier League clash at away to...
2h ago from Arseblog.com
'Pray for Arsenal', 'That's good to see' - Chelsea...
Chelsea fans have been left surprised by Enzo Maresca's decision to start...
2h ago from SportsKeeda.com
Comments
Hottest News
2025 F1 championship standings after Qatar Grand Prix
Check out the 2025 F1 championship standings... Read More »
47m ago from RacingNews365.com
'Oscar Piastri has to leave!' F1 fans fury after McLaren...
Some F1 fans have continued to fall for McLaren... Read More »
4h ago from GPFans.com
F1 Results Today: Max Verstappen takes big stride to title...
Max Verstappen took a vital victory at this... Read More »
47m ago from GPFans.com
