News Details
Report: Teams receive official $145m cost cap proposal
The 10 Formula 1 teams received the official budget cap proposal from Liberty Media and the FIA on Tuesday, according to The Race. Following the postponement of the start of the F1 season due to the coronavirus pandemic, many of the teams have pushed to lower the cost cap from its original $175 million figure, with $145m being agreed for 2021. According to the proposal now issued, that figure will come down to $140m in 2022 and then $135m in 2023 as the sport looks to cut spending. Ferrari have been reluctant to see the cap come below $145m and team principal Mattia Binotto suggested recently that the team could be forced to deploy its 'racing DNA' elsewhere, if the cap continued to fall....
Full Story »
Full Story »
5y ago from GrandPrix247.com
0
You May Also Be Interested In...
F1 optimistic 2021 calendar won't be affected by...
Formula 1 CEO Chase Carey has expressed optimism that the
disruption...
5y ago from MotorsportWeek.com
F1 cost-cap to be cut to $145M for 2021
According to F1 technical boss, Ross Brawn, the series will move toward a...
5y ago from TheParcFerme.com
Cap will make F1 sustainable, but still premier...
Formula 1’s budget cap will ensure the championship remains
sustainable...
5y ago from MotorsportWeek.com
Formula One Group revenue plummets as pandemic impact...
Liberty Media has revealed the substantial financial losses suffered
by...
5y ago from MotorsportWeek.com
Elsewhere On The Network
Popular On MGPToday.com
Pedro Acosta fired up for KTM’s new aero package in...
No description available...
3h ago from Motorsport.com
MotoGP is making Formula 1’s mistakes – Casey...
No description available...
5h ago from Motorsport.com
Marc Marquez quickest again in second Austria MotoGP...
Championship leader Marc Marquez continued his dominant form by topping...
7h ago from MotorsportWeek.c...
What Yamaha's commitment to Alex Rins means for Miguel...
No description available...
4h ago from Motorsport.com
Popular On IndyCarToday.com
McLaren to auction future F1, IndyCar and WEC cars in...
McLaren is to auction future F1, IndyCar and World Endurance Championship...
1d ago from MotorsportWeek.c...
Winners and losers from IndyCar’s Portland 2025...
No description available...
4d ago from Motorsport.com
Chip Ganassi: ‘We’re spoiled’ having drivers...
Alex Palou clinched the 2025 NTT IndyCar Series title over the weekend,...
4d ago from MotorsportWeek.c...
IndyCar Portland – Race Results
The final road course event of the 2025 IndyCar season was contested on...
4d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Esteban Ocon's wild childhood dream: 'I wanted to buy...
No description available...
15h ago from Motorsport.com
How drones will change the way you watch motorsport
No description available...
2d ago from Motorsport.com
How WRC's crucial 2027 rules are falling into place
No description available...
3d ago from Motorsport.com
Kalle Rovanperä hits the jackpot
Kalle Rovanperä and Jonne Halttunen finally won Rally Finland, laying to...
1w ago from MotorsportWeek.c...
Popular On GunnersToday.com
Manchester United vs Arsenal Prediction and Betting...
The Premier League features a clash between two of the competition's...
2h ago from SportsKeeda.com
Arteta: This is the most difficult Premier League...
Arsenal manager Mikel Arteta believes the Premier League competition is...
5h ago from SkySports.com
Will Benjamin Sesko star for Manchester United in PL...
Manchester United boss Ruben Amorim has opened up about Benjamin Sesko...
6h ago from SportsKeeda.com
Mikel Arteta insists Arsenal can finally strike title...
t;li>Gyökeres and Zubimendi likely to start at Old TraffordMartin...
6h ago from TheGuardian.com
Comments
Hottest News
Horner and Perez tipped for reunion in stunning F1 transfer...
Axed Red Bull boss Christian Horner has been... Read More »
1h ago from GPFans.com
Lewis Hamilton told to drop 'cool vegan guy' persona to...
A former F1 driver has made an astonishing... Read More »
2h ago from GPFans.com
Newey reflects on his arrival at Aston Martin
Having joined Aston Martin at the beginning of... Read More »
2h ago from F1Technical.net
