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
Ducati: Resurgent Francesco Bagnaia back to his...
No description available...
2h ago from Motorsport.com
Why Toprak Razgatlioglu is slower than he expected
No description available...
5h ago from Motorsport.com
Francesco Bagnaia rediscovers his ‘feeling' on...
Francesco Bagania has admitted he's rediscovered his feeling with the...
2h ago from MotorsportWeek.c...
Ducati still favourite after MotoGP Sepang test, but...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Kyle Kirkwood: Andretti “not too far off” from...
No description available...
37m ago from Motorsport.com
McLaren eyes Fernando Alonso reunion to complete...
Zak Brown has said he will "continue to bug" Fernando Alonso to...
1d ago from MotorsportWeek.c...
Arrow McLaren unveils liveries for 2026 IndyCar...
Arrow McLaren has taken the wraps off its trio of challengers for the...
4d ago from MotorsportWeek.c...
Zak Brown “would love” Indy 500 reunion with...
No description available...
4d ago from Motorsport.com
Popular On TotalWRC.com
Esapekka Lappi thought his WRC career was over, but...
No description available...
3d ago from Motorsport.com
Kalle Rovanpera co-driver Jonne Halttunen lands Toyota...
No description available...
3d ago from Motorsport.com
Iconic Ouninpohja stage dropped from 2026 WRC Rally...
No description available...
6d ago from Motorsport.com
More than 10 tuners interested in joining WRC under...
No description available...
2w ago from Motorsport.com
Popular On GunnersToday.com
Paul Merson predicts Brentford vs Arsenal and other...
That was an incredible end to Liverpool vs Manchester City in the Premier...
1h ago from SportsKeeda.com
Martin Keown shares theory on why Man City winning...
Former Arsenal centre-back Martin Keown explained why Manchester City's...
2h ago from SportsKeeda.com
Arsecast Extra Episode 680 – 09.02.2026
Welcome to another Arsecast Extra, the Arsenal podcast, with myself and...
2h ago from Arseblog.com
“How they feel is how they feel” - Marc Guehi...
Manchester City centre-back Marc Guehi shared his thoughts about getting...
5h ago from SportsKeeda.com
Comments
Hottest News
Mercedes declared ‘legal’ as F1 decision criticised
The latest episode of the RacingNews365 Podcast... Read More »
1h ago from RacingNews365.com
F1: McLaren reveals the MCL40... livery
McLaren has revealed the livery for the MCL40,... Read More »
47m ago from Pitpass.com
Adrian Newey's F1 design questioned by team rival
Adrian Newey's first Aston Martin F1 car design... Read More »
5h ago from GPFans.com
