News Details
F1 to unveil huge cost-cutting package, including ‘success handicap'
Formula 1 teams have reportedly signed off on a huge package of cost-cutting measures, which will now be sent to the World Motor Sport Council for ratification before they become official. The measures are partly aimed at cutting costs because of the coronavirus pandemic, but also part of a wider ongoing effort to dramatically slash the cost of competing in F1, with budgets steadily rising year-on-year. Whilst it's known a budget cap will be introduced for 2021, it has now been agreed that the starting figure will be $145 million (£120m), which will reduce to $140m in '22 and then $135m for '23 onwards. ADVERTISEMENT This is far lower than the original cap of $175m which had previously...
Full Story »
Full Story »
5y ago from MotorsportWeek.com
0
You May Also Be Interested In...
Russell ‘a little bit jealous' seeing his mates...
Williams Formula 1 driver George Russell admitted he's a 'little bit...
5y ago from MotorsportWeek.com
Ferrari are ‘mad' if they pushed Vettel out says...
Formula 1 champion Jenson Button says it would be 'madness' if rumours...
5y ago from MotorsportWeek.com
A Vettel-Hamilton ‘super team' would be good for...
Bernie Ecclestone is pushing for Mercedes to sign Sebastian Vettel in a...
5y ago from MotorsportWeek.com
Wolff ‘very proud' Formula 1 season will start...
Mercedes team boss Toto Wolff says he's 'very proud' that the 2020...
5y ago from MotorsportWeek.com
Elsewhere On The Network
Popular On MGPToday.com
Miguel Oliveira: I did my best to stay in MotoGP but...
No description available...
2h ago from Motorsport.com
Jorge Lorenzo shares his ‘theory' on the cause...
Five-time MotoGP champion Jorge Lorenzo believes that multiple factors...
1d ago from MotorsportWeek.c...
How Aprilia believes it “overreached our target”...
No description available...
22h ago from Motorsport.com
Pedro Acosta brands 2025 MotoGP season a “wasted...
No description available...
1d 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...
2d ago from MotorsportWeek.c...
Mick Schumacher joins RLL in IndyCar switch
Rahal Letterman Lanigan Racing has announced that Mick Schumacher will...
3d ago from MotorsportWeek.c...
Mick Schumacher hails IndyCar racing as "the way...
No description available...
2d ago from Motorsport.com
Mick Schumacher makes IndyCar switch with RLL in 2026
No description available...
3d ago from Motorsport.com
Popular On TotalWRC.com
WRC Saudi Arabia: Elfyn Evans suffers puncture as...
No description available...
2h ago from Motorsport.com
WRC Saudi Arabia: Why there’s “absolutely no...
No description available...
15h ago from Motorsport.com
WRC Saudi Arabia: Adrien Fourmaux leads, Elfyn Evans...
No description available...
18h ago from Motorsport.com
Popular On GunnersToday.com
Champions League review: Arsenal erupt, PSV stun...
enal rout Bayern to stake a claim as Europe’s best, Liverpool spiral...
1h ago from TheGuardian.com
PL Predictions: Travel sick Newcastle to stall again...
Our football betting expert Jones Knows provides his insight across the...
19m ago from SkySports.com
Arteta: Sometimes I think 'how would Wenger do it?'
Mikel Arteta has revealed that he sometimes asks himself "what would...
19m ago from SkySports.com
Comments
Hottest News
LIVE: 2025 F1 Qatar Grand Prix - Free Practice
Follow along with all the action live from the... Read More »
39m ago from RacingNews365.com
'Chaos' - Christian Horner's verdict on Adrian Newey as F1...
A clip of ex-Red Bull F1 boss Christian Horner... Read More »
1h ago from GPFans.com
Charles Leclerc urges FIA not to change ‘black and...
Charles Leclerc has dismissed McLaren boss... Read More »
49m ago from MotorsportWeek.com
